Otter Tail Corp (OTTR) Tops Q2 EPS by 2c; Boosts Outlook

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Go back to Otter Tail Corp (OTTR) Tops Q2 EPS by 2c; Boosts Outlook

Otter Tail Corporation Announces Second Quarter Earnings; Raises 2017 Earnings Guidance Range, Board of Directors Declares Quarterly Dividend

August 7, 2017 6:00 PM EDT

FERGUS FALLS, Minn, Aug. 07, 2017 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ: OTTR) today announced financial results for the quarter ended June 30, 2017.

Summary:

Consolidated operating revenues were $212.1 million compared with $203.5 million for the second quarter of 2016.Consolidated net income and diluted earnings from continuing operations totaled $16.7 million and $0.42 per share, respectively, compared with $15.6 million and $0.41 per share for the second quarter of 2016.Given our strong first half 2017 results we are raising our 2017 consolidated earnings guidance range to $1.65 - $1.80 per diluted share from $1.60 - $1.75 per diluted... More