Brief: Otter Tail Corporation Q4 Operating Rev $226.8 Mln

Otter Tail

15/02/2021 22:00

Feb 15 (Reuters) - Otter Tail Corp  OTTR.O :
    * OTTER TAIL CORPORATION REPORTS A 7.8 PERCENT INCREASE IN
2020
DILUTED EARNINGS PER SHARE TO $2.34, INCREASES QUARTERLY
DIVIDEND 5.4 PERCENT AND ANNOUNCES 2021 EARNINGS GUIDANCE OF
$2.39 TO $2.54 PER SHARE
    * QTRLY OPERATING REVENUES $226.8 MILLION VERSUS $215.7
MILLION
    * QTRLY EARNINGS PER SHARE $0.45
    * EXPECT CAPITAL EXPENDITURES FOR 2021 TO BE $133 MILLION
    * EXPECT ELECTRIC SEGMENT TO PROVIDE APPROXIMATELY 74% OF
CONSOLIDATED EARNINGS IN 2021
    * EXPECT 2021 NET INCOME FROM PLASTICS SEGMENT TO BE LOWER
THAN
2020
    * SALES PRICES OF PVC PIPE ARE EXPECTED TO BE HIGHER IN 2021
OFFSET BY A DECLINE IN POUNDS OF PIPE SOLD
    * Q4 EARNINGS PER SHARE VIEW $0.45, REVENUE VIEW $226.6
MILLION --
REFINITIV IBES DATA
    * FY2021 EARNINGS PER SHARE VIEW $2.47 -- REFINITIV IBES
DATA

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