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Otter Tail Corporation Announces Record Annual Earnings and Increases Long-Term Financial Targets

1. Otter Tail Corporation reported record earnings of $7.17 per share. 2. The five-year electric utility rate base CAGR increased to 9% from 7.7%.

Earnings
+6.08%Current Return
VS
+0.29%S&P 500
$76.9902/17 06:08 PM EDTEvent Start
$81.6702/19 12:46 AM EDTLatest Updated
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FAQ

Why Bullish?

Record earnings reflect strong financial health and potential for future growth. Historical data shows similar earnings announcements have positively impacted stock prices.

How important is it?

The announcement of record earnings and higher growth targets is highly relevant, suggesting a favorable future outlook for the company. Such financial indicators typically correlate with stock price strength.

Why Long Term?

Sustained earnings growth and utility rate increases suggest ongoing financial stability. Past performance indicates that positive changes in growth targets can uplift stock valuation over the long run.

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OTTRNASDAQ
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter and year ended December 31, 2024. SUMMARY Produced record earnings, with annual diluted earnings per share of $7.17. Achieved a consolidated return on equity of 19.3% on an equity ratio of 62.2%. Updated our electric utility's five-year rate base compounded annual growth rate to 9.0% from 7.7%. Increased our long-term earnings per share growth rate target to 6 to 8%. CEO.

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