Detail akcie Otter Tail online

Business Summary: Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the generation, purchase, transmission, distribution and sale of electric energy in western Minnesota, eastern North Dakota and northeastern South Dakota. The Manufacturing segment consists of businesses engaged in manufacturing activities: contract machining; metal parts stamping; fabrication and painting; and production of plastic thermoformed horticultural containers, life science and industrial packaging, material handling components and extruded raw material stock. These businesses have manufacturing facilities in Georgia, Illinois and Minnesota and sell products primarily in the United States. The Plastics segment consists of businesses producing polyvinyl chloride (PVC) pipe at plants in North Dakota and Arizona. The PVC pipe is sold primarily in the western half of the United States and Canada.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Otter Tail Corp revenues decreased 8% to $1.35B. Net income increased 4% to $294.2M. Revenues reflect Plastics segment decrease of 18% to $418M, Electric segment decrease of 4% to $528.4M. Net Income benefited from Corporate segment loss decrease of 26% to $12.1M, Manufacturing segment income remaining flat at $29.1M. Dividend per share decreased from $1.65 to $1.31.