Otter tail corporation announces first quarter earnings, increases 2023 earnings guidance, board of directors declares quarterly dividend of $0.4375 per share

Fergus falls, minn.--(business wire)--otter tail corporation (nasdaq: ottr) today announced financial results for the quarter ended march 31, 2023. summary compared to the quarter ended march 31, 2022: consolidated operating revenues decreased 10% to $339 million. consolidated net income decreased 13% to $62 million. diluted earnings per share decreased 13% to $1.49 per share. ceo overview “we are pleased with our first quarter financial results,” said president and ceo chuck macfarlane, “as ou.
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