Otter Tail Corp (OTTR) Tops Q2 EPS by 50c; Raises Outlook
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Otter Tail Corporation Announces Record Second Quarter Earnings, Increases 2022 Earnings Guidance, Board of Directors Declares Quarterly Dividend of $0.4125 per Share
August 1, 2022 6:00 PM EDTFERGUS FALLS, Minn.--(BUSINESS WIRE)-- Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended June 30, 2022.
SUMMARY
Compared to the quarter ended June 30, 2021:
Consolidated operating revenues increased 40% to $400 million. Consolidated net income increased 104% to $86 million. Diluted earnings per share increased 103% to $2.05 per share.The corporation is increasing its 2022 diluted earnings per share guidance range to $6.83 to $7.13 from its previous range of $5.15 to $5.45.
CEO OVERVIEW
Otter Tail Corporation, through the efforts of our employees, achieved record financial results... More
