Otter Tail Q2 net income turns to loss of $7,607; revenue rises 0.4% to $334.38 million

Reuters2026/08/03 22:00

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Otter Tail posts Q2 GAAP net loss of USD 7.61 million, or diluted loss per share of USD 0.18, versus net income a year earlier.
Q2 adjusted diluted EPS (non-GAAP) falls to USD 1.66 from USD 1.85, with Plastics reporting a GAAP net loss of USD 30.08 million.
Plastics results include a USD 103.5 million pre-tax charge tied to settlements with three putative classes in U.S. PVC pipe antitrust litigation.
2026 GAAP diluted EPS guidance cut to USD 3.84-4.24; adjusted diluted EPS guidance (non-GAAP) set at USD 5.68-6.08.
Board declares a quarterly dividend of USD 0.5775 per share, payable Sept. 10 to holders of record Aug. 14.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Otter Tail Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202608031800BIZWIRE_USPR_____20260803_BW962952) on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Otter Tail Q2 net income turns to loss of $7,607; revenue rises 0.4% to $334.38 million

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