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.

Otter Tail Corporation, through subsidiaries Northern Pipe Products, Inc. and Vinyltech Corporation, entered into a settlement agreement on June 17, 2026, to resolve claims from the End-User Class in the PVC Pipe Antitrust Litigation. The company will pay an aggregate of $30 million into a settlement fund, subject to court approval, to resolve allegations of antitrust violations. This settlement amount includes class member recoveries, attorney fees, and administration costs. The company intends to use available cash for the payment and does not expect a material adverse effect on its financial position or liquidity. Otter Tail Corporation is a diversified company that operates in the manufacturing and utility sectors, specifically producing PVC pipe products.