Otter Tail Corp — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Otter Tail reported Q3 2026 diluted EPS of $1.41 and affirmed full-year 2026 guidance (narrowed range to $3.89–$4.19), with an adjusted EPS range of $5.73–$6.03 to exclude a $103.5M legal settlement expense recorded in nine months. Electric segment stable; Manufacturing revenues up 16.6% on improved demand but net income fell 34.4% due to cost pressures; Plastics revenues down 12.9% and net income down 33.4% from 9% average price declines and 5% volume decrease amid housing softness and timing shifts. The company raised long-term debt by $170M in nine months and spent $451.6M on capital expenditures, primarily renewable and transmission projects.
Why this rating
Plastics segment (material profit contributor) down 33% YoY; guidance reaffirmed but not raised; $103.5M legal settlement material to 2026 earnings; growth outlook maintained at 7-9% EPS but near-term headwinds evident.
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