Otter Tail Corporation (OTTR)

Otter Tail Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,342	1,349	1,460	1,197	890.11	919.5
Revenue Growth (YoY)	0.41%	-7.60%	22.00%	34.46%	-3.20%	0.33%
Cost of Revenue	761.07	784.02	889.71	772.78	588.1	639.97
Gross Profit	580.68	565.15	570.5	424.07	302.01	279.53
Selling, General & Admin	66.45	62.07	68.64	67.41	3.44	4.29
Other Operating Expenses	15.15	16.61	17.74	17.61	72.09	66.57
Operating Expenses	186.51	176.63	178.98	176.38	157.56	148.95
Operating Income	394.18	388.52	391.51	247.69	144.45	130.59
Interest Expense	-40.62	-37.68	-36.02	-37.77	-34.45	-31.41
Other Non Operating Income (Expenses)	19.32	12.64	2.04	2.96	6.05	5.1
EBT Excluding Unusual Items	372.88	363.48	357.53	212.89	116.05	104.28
Gain (Loss) on Sale of Investments	-0.02	0.01	0	-0.06	0.01	0.01
Pretax Income	372.86	363.49	357.54	212.82	116.06	104.29
Income Tax Expense	68.28	69.3	73.35	36.05	20.21	17.44
Earnings From Continuing Operations	304.58	294.19	284.18	176.77	95.85	86.85
Net Income	304.58	294.19	284.18	176.77	95.85	86.85
Net Income to Common	304.58	294.19	284.18	176.77	95.85	86.85
Net Income Growth	9.39%	3.52%	60.77%	84.42%	10.37%	5.47%
Shares Outstanding (Basic)	42	42	42	41	41	40
Shares Outstanding (Diluted)	42	42	42	42	41	40
Shares Change (YoY)	0.15%	0.26%	0.27%	2.23%	2.38%	0.16%
EPS (Basic)	7.30	7.06	6.83	4.26	2.35	2.19
EPS (Diluted)	7.24	7.00	6.78	4.23	2.34	2.17
EPS Growth	9.18%	3.24%	60.28%	80.77%	7.83%	5.34%
Free Cash Flow	91.74	117.37	218.18	59.41	-159.63	-22.33
Free Cash Flow Per Share	2.18	2.79	5.20	1.42	-3.90	-0.56
Dividend Per Share	1.840	1.750	1.650	1.560	1.480	1.400
Dividend Growth	6.67%	6.06%	5.77%	5.41%	5.71%	4.48%
Gross Margin	43.28%	41.89%	39.07%	35.43%	33.93%	30.40%
Operating Margin	29.38%	28.80%	26.81%	20.70%	16.23%	14.20%
Profit Margin	22.70%	21.81%	19.46%	14.77%	10.77%	9.44%
Free Cash Flow Margin	6.84%	8.70%	14.94%	4.96%	-17.93%	-2.43%
EBITDA	497.78	485.17	482.71	338.55	226.49	208.67
EBITDA Margin	37.10%	35.96%	33.06%	28.29%	25.44%	22.69%
D&A For EBITDA	103.6	96.65	91.2	90.86	82.04	78.09
EBIT	394.18	388.52	391.51	247.69	144.45	130.59
EBIT Margin	29.38%	28.80%	26.81%	20.70%	16.23%	14.20%
Effective Tax Rate	18.31%	19.06%	20.52%	16.94%	17.41%	16.72%
Revenue as Reported	1,342	1,349	1,460	1,197	890.11	919.5

Source: S&P Capital IQ. Standard template. Financial Sources.