Otter Tail Products Company Reports Q3 2026 Earnings Amid Plastics Segment Decline
Otter Tail (OTTR) reported third-quarter earnings for 2026, characterized by a decrease in diluted EPS to $1.41 from $1.86 in the prior year. The decline was primarily driven by significant margin compression and lower sales prices within the Plastics segment, where PVC pipe pricing continues to recede from historical peaks. Despite these headwinds, the Electric segment remained stable with net income of $27.4 million, supported by favorable weather conditions and rate increases. The Manufacturing segment saw a 16.6% revenue increase due to higher sales volumes in construction and industrial markets, though net income fell due to onboarding costs and lower gross margins. The company maintains a strong liquidity position of $601.8 million to support its long-term capital intensive projects.
Tickers: $OTTR
Topics: earnings report EPS revenue guidance segment performance
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