Earnings ·
Otter Tail Corporation reported a second-quarter diluted loss per share of $0.18, driven by a $103.5 million pre-tax…
OTTROtter Tail Corp
Otter Tail Corporation reported a second-quarter diluted loss per share of $0.18, driven by a $103.5 million pre-tax charge to settle three putative class actions in its PVC pipe antitrust litigation. Adjusted diluted earnings per share were $1.66. The company updated its 2026 annual diluted EPS guidance downward to $3.84–$4.24 from the previous range of $5.22–$5.62, citing the settlement impact, while initiating an adjusted EPS guidance range of $5.68–$6.08. The Board declared a quarterly cash dividend of $0.5775 per share, payable September 10, 2026 to shareholders of record on August 14, 2026. Otter Tail Corporation operates in the diversified utility and manufacturing sectors, providing electric power services and producing electrical components, PVC pipe, and metal products.