Otter tail corporation announces record annual earnings and increases long-term financial targets

Fergus falls, minn.--(business wire)--otter tail corporation (nasdaq: ottr) today announced financial results for the quarter and year ended december 31, 2024. summary produced record earnings, with annual diluted earnings per share of $7.17. achieved a consolidated return on equity of 19.3% on an equity ratio of 62.2%. updated our electric utility's five-year rate base compounded annual growth rate to 9.0% from 7.7%. increased our long-term earnings per share growth rate target to 6 to 8%. ceo.
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