공시 • 8h
Otter Tail Corporation Subsidiaries Agree to Settle End-User Class Claims in Pvc Pipe Antitrust Litigation Otter Tail Corporation and two subsidiaries were named as defendants in putative federal class action lawsuits alleging violations of the antitrust laws, along with more than twenty other PVC pipe manufacturers. The actions were later consolidated as In re: PVC Pipe Antitrust Litigation (Case No. 1:24-cv-07639) in the United States District Court for the Northern District of Illinois. The claims are directed at numerous participants across the industry, including more than two dozen other manufacturers of PVC pipe and conduit, and are premised on alleged coordinated conduct within the industry. The Court has allowed three putative classes: a Direct Purchaser Class, a Non-Converter Seller Purchaser Class, and an End-User Class, and together with the Direct Purchaser Class and the Non-Converter Seller Purchaser Class, the Putative Classes. On June 17, 2026, Otter Tail Corporation entered into a settlement agreement with the End-User Class individually and on behalf of the putative End-User Class members. Subject to the satisfaction of certain conditions, including preliminary and final approval by the Court, Northern Pipe Products, Inc. and Vinyltech Corporation have agreed to pay an aggregate of $30 million into a settlement fund to resolve all claims asserted, or that could have been asserted, by the End-User Class against Otter Tail Corporation relating to the alleged conduct at issue in the PVC Pipe Antitrust Litigation. If the Settlement Agreement is preliminarily approved by the Court, the settlement payment will be made on or about 21 days thereafter. The settlement amount is inclusive of the recovery amounts for class members, any attorneys' fees awarded to counsel for the End-User Class, and the costs of administering the settlement. The End-User Class has agreed to file a motion seeking preliminary approval of the Settlement Agreement as soon as practicable. The execution of the Settlement Agreement does not constitute an admission by Otter Tail Corporation of any wrongdoing, fault, or liability, and Otter Tail Corporation does not admit any wrongdoing, fault, or liability. Otter Tail Corporation determined that resolving the End-User Class claims now is in its best interests. Although Otter Tail Corporation was prepared to continue defending its position, the Settlement Agreement meaningfully reduces the uncertainty, distraction, and significant costs and exposure associated with protracted and complex class action antitrust litigation and further enables Otter Tail Corporation to maintain its focus on executing its business strategy. Otter Tail Corporation anticipates utilizing available cash to fund the settlement payment. The settlement is not expected to have a material adverse effect on Otter Tail Corporation's financial position or liquidity. The ultimate outcome of the PVC Pipe Antitrust Litigation remains uncertain, with no guarantee that the current or a revised Settlement Agreement will receive Court approval. If the settlement is not finalized, Otter Tail Corporation intends to continue defending itself in the pending class action and maintains that it has strong factual and legal defenses. Buy Or Sell Opportunity • May 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to €75.00. The fair value is estimated to be €62.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are forecast to decline by 5.2% per annum over the same time period. 공시 • Feb 19
Otter Tail Corporation, Annual General Meeting, Apr 13, 2026 Otter Tail Corporation, Annual General Meeting, Apr 13, 2026. 공시 • Feb 17
Otter Tail Corporation Provides Earnings Guidance for the Full Year 2026 Otter Tail Corporation provided earnings guidance for the full year 2026. The company Initiated 2026 diluted earnings per share guidance range of $5.22 to $5.62. 공시 • Jan 28
Otter Tail Corporation to Report Fiscal Year 2025 Results on Feb 16, 2026 Otter Tail Corporation announced that they will report fiscal year 2025 results After-Market on Feb 16, 2026 공시 • Jan 08
Otter Tail Corporation Increases Quarterly Dividend by 10%, First Quarter Dividend Is Payable on March 10, 2026 Otter Tail Corporation announced that its Board of Directors increased the company’s quarterly common stock dividend to $0.5775 per share. The increase brings the annual indicated dividend rate to $2.31 per share, a $0.21, or 10%, increase over the 2025 rate. 2026 will mark the 88th consecutive year dividends will be paid on common stock. The first quarter dividend is payable on March 10, 2026 to shareholders of record on February 13, 2026. 공시 • Dec 19
Otter Tail Corporation Announces Board Changes Otter Tail Corporation has appointed Mr. Chris Clark of Minnetonka, Minnesota, and Mr. Steve Rasche of St. Louis, Missouri, to the company’s Board of Directors, effective January 1, 2026. Outgoing Board Member Steve Fritze, who has served as an independent Board member since 2013, will serve his last day at the Company’s upcoming Annual Meeting of Shareholders in April 2026. Mr. Chris Clark: Mr. Clark retired as President of Xcel Energy - Minnesota, North Dakota, and South Dakota in 2023. ‘Chris offers extensive knowledge and proven leadership in the regulated energy industry,’ said Partain. ‘His strategic foresight, regulatory insights and collaborative approach will be instrumental as we execute our corporate strategy.’ Clark earned his Juris Doctor from Drake University Law School and has a bachelor’s degree from the University of Iowa. He has served as a member of the Board of Directors for the University of Minnesota Center for Transportation Studies and the Saint Paul Downtown Alliance. Mr. Steve Rasche: Mr. Rasche retired as Chief Financial Officer for Spire Inc. earlier this year. ‘Steve brings extensive expertise in utility finance and risk management,’ said Partain. ‘His vast leadership experience and pragmatic decision making will play a key role in driving strategic objectives.’ Rasche graduated with his masters in business administration from Northwestern University and has a bachelor’s degree in Accountancy from the University of Missouri. He is a member of the Board of Directors for the St. Louis Equity Fund Inc.; the Energy Capital Ventures Advisory Board; Greater St. Louis Scouting; Greater St. Louis YMCA and the University of Missouri, Trulaske College of Business. 공시 • Oct 15
Otter Tail Corporation to Report Q3, 2025 Results on Nov 03, 2025 Otter Tail Corporation announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 공시 • Jul 16
Otter Tail Corporation to Report Q2, 2025 Results on Aug 04, 2025 Otter Tail Corporation announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 공시 • Jun 06
Otter Tail Corporation announced that it expects to receive $50 million in funding Otter Tail Corporation announced that it has entered into a note purchase agreement for private placement of 5.98% series 2025B senior unsecured notes due June 5, 2055 for gross proceeds of $50,000,000 on June 5, 2025. The notes carry a fixed coupon of 5.49% per annum and would mature on June 5, 2055. 공시 • Apr 16
Otter Tail Corporation to Report Q1, 2025 Results on May 05, 2025 Otter Tail Corporation announced that they will report Q1, 2025 results After-Market on May 05, 2025 공시 • Mar 04
Otter Tail Corporation, Annual General Meeting, Apr 14, 2025 Otter Tail Corporation, Annual General Meeting, Apr 14, 2025. 공시 • Feb 19
Otter Tail Corporation Provides Earnings Guidance for the Full Year of 2025 Otter Tail Corporation provides earnings guidance for the full year of 2025. For the period, the company anticipates diluted earnings per share to be in the range of $5.68 to $6.08. 공시 • Feb 05
Otter Tail Corporation Increases First Quarter 2025 Dividend, Payable on March 10, 2025 Otter Tail Corporation announced 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%, increase over the 2024 rate. 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. 공시 • Jan 29
Otter Tail Corporation to Report Fiscal Year 2024 Results on Feb 17, 2025 Otter Tail Corporation announced that they will report fiscal year 2024 results on Feb 17, 2025