Otter Tail Q2 net income turns to loss of $7,607; revenue rises 0.4% to $334.38 million
OTTR•Quarterly results turn to loss
Otter Tail posts Q2 GAAP net loss of USD 7.61 million, or diluted loss per share of USD 0.18, versus net income a year earlier.
Q2 adjusted diluted EPS (non-GAAP) falls to USD 1.66 from USD 1.85, with Plastics reporting a GAAP net loss of USD 30.08 million.
Litigation charge and guidance update
Plastics results include a USD 103.5 million pre-tax charge tied to settlements with three putative classes in U.S. PVC pipe antitrust litigation.
2026 GAAP diluted EPS guidance is cut to USD 3.84-4.24; adjusted diluted EPS guidance (non-GAAP) is set at USD 5.68-6.08.
The board declares a quarterly dividend of USD 0.5775 per share, payable Sept. 10 to holders of record Aug. 14.
