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06.05.25 - 00:03
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Otter Tail Corporation Announces First Quarter Earnings and Affirms Annual Earnings Guidance (Business Wire)
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FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2025.
SUMMARY
Produced diluted earnings per share of $1.62 in the first quarter of 2025.
Affirming consolidated 2025 earnings guidance range of $5.68 to $6.08.
Paid quarterly dividend of $0.525 per share, a 12% increase from last year.
Available liquidity of $607 million as of March 31, 2025.
CEO OVERVIEW
“Overall, we are pleased with our first quarter financial results,” said President and CEO Chuck MacFarlane. “Each of our businesses are responding to the dynamic market conditions while remaining focused on serving our customers and effectively executing on our near-term strategies. Collectively, we produced earnings of $68.1 million, or $1.62 per diluted share, in line with our expectations and a good start to the year.
“We are actively monitoring the evolving tariff landscape and resulting impact on our business. While there is uncertainty regarding the ...
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18.02.25 - 00:03
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Otter Tail Corporation Announces Record Annual Earnings and Increases Long-Term Financial Targets (Business Wire)
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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 OVERVIEW
“Otter Tail Corporation produced record earnings in 2024, generating diluted earnings per share of $7.17,” said President and CEO Chuck MacFarlane. “Executing on our strategy coupled with the hard work and dedication of our team members made this level of success possible and I am grateful for their contributions.
“Otter Tail Power continues to perform well, converting our 2024 rate base growth into earnings growth at approximately a 1:1 ratio. We continue to execute on our regulatory priorities a...
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04.02.25 - 21:33
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Otter Tail Corporation Increases Quarterly Dividend by 12 Percent (Business Wire)
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FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) announced today that its Board of Directors increased the company's quarterly common stock dividend to $0.525 per share. The increase brings the annual indicated dividend rate to $2.10 per share, a $0.23, or 12.3 percent, increase over the 2024 rate.
“Otter Tail Corporation ended 2024 in a position of financial strength, and the double-digit increase to our dividend reflects our commitment to delivering shareholder value,” said President and CEO Chuck MacFarlane. “Going forward, we expect our annual dividend increase to approximate our long-term earnings per share growth rate target.”
2025 will mark the 87th consecutive year dividends will be paid on common stock. The first quarter dividend is payable on March 10, 2025 to shareholders of record on February 14, 2025.
The corporation will issue a news release announcing 2024 financial results on Monday, February 17, 2025 and has scheduled an earnings call for Tuesday, Febru...
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25.11.24 - 14:57
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LPL Financial Welcomes Happier Wealth (GlobeNewswire EN)
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SAN DIEGO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Will Beck, CFP®, Mike Macfarlane, CASL®, CLU®, ChFC®, Tyler Vongsawad, CLU®, ChFC®, CASL®, CFP®, MSFS, and Sam Rosen, CFP®, have joined LPL Financial's broker-dealer, RIA and custodial platforms to launch a new independent practice, Happier Wealth. They reported having served approximately $250 million in advisory, brokerage and retirement plan assets* and join LPL from Northwestern Mutual....
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19.09.24 - 17:01
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Former Instructure Executive Joins Fullcast Leadership Team (PR Newswire)
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Mitch Macfarlane will leverage his two decades of expertise to enhance client engagement and drive company growth. SALT LAKE CITY, Utah, Sept. 17, 2024 /PRNewswire-PRWeb/ -- Fullcast is pleased to announce the appointment of Mitch Macfarlane as vice president of customer experience.......
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11.09.24 - 00:07
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XFRA : DIVIDEND/INTEREST INFORMATION - 12.09.2024 - GB0005518872 (XETRA)
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Das Instrument 5K6 GB0005518872 MACFARLANE GRP LS-,25 EQUITY wird cum Dividende/Zinsen gehandelt am 11.09.2024 und ex Dividende/Zinsen am 12.09.2024
The instrument 5K6 GB0005518872 MACFARLANE GRP LS-,25 EQUITY has its pre-dividend/interest day on 11.09.2024 and its ex-dividend/interest day on 12.09.2024...
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17.06.24 - 04:13
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PharmAust appoints experienced US-based pharma executive to board of directors (Small Caps)
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Clinical-stage biotechnology company PharmAust (ASX: PAA) has appointed US-based Dr Katie MacFarlane as a non-executive director to the board. Dr MacFarlane has over 30 years’ experience in the development and commercialisation of pharmaceutical products and devices. The company sees her appointment as a further step toward it becoming a global leader in the treatment of […]
The post PharmAust appoints experienced US-based pharma executive to board of directors appeared first on Small Caps....
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