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Otter Tail (OTTR) Company Profile

Updated Aug 8, 2019
Otter Tail has the following business profile:
Company's Full Name:Otter Tail Corporation
Short Name:Otter Tail
Trading Ticker Symbol:OTTR
Primary Exchange:NASDAQ
Headquarter City/Country:Minnesota, MN
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Electric Utilities
Main Business Areas: Public Utilities, Electric Utilities, Utilities, Diversified Utilities
Dividend Payments:Dividend History

Market and Trading Information for Otter Tail

The following details were available for trading and market data about the stock of Otter Tail as of writing:
Current Share Price:$52.99
Previous Year's Closing Price:$49.64
Percentage Price Change (YTD):6.75%
Market Cap:$2.11 billion
52-week Price Range:$44.22 - $54.51
Dividend Per Share:$1.35
EPS (TTM):2.06
Price-Earnings (Trailing):25.72
Price-Earnings (Forward):21.9

Company Profile and Business Description for Otter Tail

Otter Tail Corporation, incorporated on June 17, 2009, is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Company and its subsidiaries conduct business primarily in the United States. The Company's subsidiaries own facilities and equipment used in the manufacture of polyvinyl chloride (PVC) pipe, thermoformed products, heavy metal fabricated products, metal parts stamping, fabricating, painting and contract machining. The Company's manufacturing and plastic pipe businesses are owned by its subsidiary, Varistar Corporation (Varistar).

Electric

The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP), a subsidiary of the Company. As of December 31, 2016, the Electric segment provided electricity to over 130,000 customers in a service area encompassing 70,000 square miles of western Minnesota, eastern North Dakota and northeastern South Dakota.

Manufacturing

The Manufacturing segment consists of businesses in manufacturing activities, such as contract machining, metal parts stamping, fabrication and painting, and production of material and handling trays and horticultural containers. These businesses have manufacturing facilities in Georgia, Illinois and Minnesota and sell products primarily in the United States. The Company's subsidiary, BTD Manufacturing, Inc. (BTD) is a metal stamping, and tool and die manufacturer that provides its services to customers in the Midwest. BTD stamps, fabricates, welds, paints and laser cuts metal components according to manufacturers' specifications primarily for the recreational vehicle, agricultural, oil and gas, lawn and garden, industrial equipment, health and fitness and enclosure industries in its facilities in Detroit Lakes and Lakeville, Minnesota, Washington, Illinois and Dawsonville, Georgia. BTD's Illinois facility also manufactures and fabricates parts for off-road equipment, mining machinery, oil fields and offshore oil rigs, wind industry components, broadcast antennae and farm equipment. BTD-Georgia offers a range of metal fabrication services ranging from laser cutting services and high volume stamping to weldments and assemblies for metal fabrication buyers and original equipment manufacturers. Its subsidiary, T.O. Plastics, Inc. (T.O. Plastics), manufactures and sells thermoformed products for the horticulture industry throughout the United States.

Plastics

The Plastics segment consists of businesses producing PVC pipe at plants in North Dakota and Arizona. The PVC pipe is sold primarily in the upper Midwest and Southwest regions of the United States. Its subsidiary, Northern Pipe Products, Inc. (Northern Pipe), manufactures and sells PVC pipe for municipal water, rural water, wastewater, storm drainage systems and other uses in the northern, midwestern, south-central and western regions of the United States, as well as central and western Canada. Vinyltech manufactures and sells PVC pipe for municipal water, wastewater, water reclamation systems and other uses in the western, northwestern and south-central regions of the United States.

215 S Cascade St

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