Otter Tail | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 333.04 M

LB filings
2025.08.06 17:56
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Revenue: As of FY2025 Q2, the actual value is USD 333.04 M, beating the estimate of USD 325.8 M.

EPS: As of FY2025 Q2, the actual value is USD 1.85, beating the estimate of USD 1.7233.

EBIT: As of FY2025 Q2, the actual value is USD 91.38 M.

Electric Segment

  • Operating Revenue: $128.7 million for Q2 2025, up from $112.8 million in Q2 2024, a 14.1% increase.
  • Production Fuel and Purchased Power: $31.8 million for Q2 2025, up from $21.6 million in Q2 2024, a 47.2% increase.
  • Operating and Maintenance Expenses: $46.8 million for Q2 2025, up from $44.7 million in Q2 2024, a 4.7% increase.
  • Depreciation and Amortization: $22.3 million for Q2 2025, up from $20.4 million in Q2 2024, a 9.3% increase.
  • Net Income: $19.2 million for Q2 2025, up from $18.5 million in Q2 2024, a 3.8% increase.

Manufacturing Segment

  • Operating Revenue: $78.7 million for Q2 2025, down from $96.7 million in Q2 2024, an 18.6% decrease.
  • Cost of Products Sold: $63.3 million for Q2 2025, down from $75.6 million in Q2 2024, a 16.3% decrease.
  • Selling, General, and Administrative Expenses: $10.4 million for Q2 2025, down from $11.5 million in Q2 2024, a 9.6% decrease.
  • Net Income: $3.5 million for Q2 2025, down from $6.8 million in Q2 2024, a 48.5% decrease.

Plastics Segment

  • Operating Revenue: $125.6 million for Q2 2025, down from $132.8 million in Q2 2024, a 5.4% decrease.
  • Cost of Products Sold: $46.9 million for Q2 2025, up from $45.0 million in Q2 2024, a 4.2% increase.
  • Selling, General, and Administrative Expenses: $6.6 million for Q2 2025, up from $5.7 million in Q2 2024, a 15.8% increase.
  • Net Income: $53.1 million for Q2 2025, down from $60.6 million in Q2 2024, a 12.4% decrease.

Corporate Costs

  • General and Administrative Expenses: $3.2 million for Q2 2025, down from $3.4 million in Q2 2024, a 5.9% decrease.
  • Net Loss: $1.9 million for Q2 2025, up from $1.1 million in Q2 2024, a 72.7% increase.

Future Outlook and Strategy

  • Electric Segment: Focus on increasing fuel recovery revenues and managing costs related to production fuel and purchased power. Continued investment in wind and solar generation to leverage production tax credits.
  • Manufacturing Segment: Addressing decreased sales volumes by managing costs and focusing on end-market demand. Adjusting to lower steel costs and their impact on revenue.
  • Plastics Segment: Managing the impact of decreased sales prices while leveraging increased production capacity and strong end-market demand. Addressing litigation costs related to PVC pipe pricing.
  • Corporate Strategy: Maintaining strong liquidity and financial flexibility through operating cash flows, credit facilities, and access to capital markets. Managing capital expenditures and contractual obligations to ensure financial stability.
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