Wed, May 7, 4:15 PM (8 days ago)
**Otter Tail Corporation (OTTR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $337.4 million (down 2.8% YoY) - **Net Income:** $68.1 million (down 8.4% YoY) - **Operating Income:** $84.0 million (down 11.6% YoY) - **EPS:** $1.63 (down 8.4% YoY) - **Cash Flow from Operations:** $39.5 million (down 44.8% YoY) **Segment Performance:** - **Electric:** Revenue up 5.8% YoY, Net Income up 10.0% YoY - **Manufacturing:** Revenue down 17.8% YoY, Net Income down 70.9% YoY - **Plastics:** Revenue down 0.2% YoY, Net Income down 7.1% YoY **Key Metrics:** - **Profit Margins:** Operating margin at 24.8% (down from 27.4% YoY) - **Cash Flow:** Operating cash flow at $39.5 million (down from $71.9 million YoY) - **Earnings Changes:** Decrease in net income due to higher interest expense and lower manufacturing revenues **Trends & Uncertainties:** - **Economic Conditions:** Broad changes in U.S. trade and tariff policy could impact domestic macroeconomic conditions and business operations. - **Regulatory Matters:** Pending rate rider proceedings and general rate cases could impact operating results. - **Legal Proceedings:** Class action lawsuits and DOJ investigation related to PVC pipe pricing could have material impacts if antitrust violations are found. **Future Operations Impact:** - **Capital Expenditures:** $58.0 million (down from $74.0 million YoY) - **Debt:** Issued $50.0 million of long-term debt in March 2025 - **Dividends:** Paid $22.0 million in dividends, with future dividends dependent on financial condition and earnings. **Liquidity & Capital Resources:** - **Available Liquidity:** $607.2 million as of March 31, 2025 - **Financial Covenants:** In compliance with all financial covenants as of March 31, 2025 **Forward-Looking Information:** - **Earnings Guidance:** No specific guidance provided, but future earnings will depend on economic conditions, regulatory outcomes, and operational performance. - **Risk Factors:** Include uncertainties related to tariffs, economic conditions, regulatory proceedings, and legal matters.