Otter Tail Corporation (OTTR) Stock

Otter Tail Corporation, along with its subsidiaries, operates within the electric utility, manufacturing, and plastic pipe sectors across the United States. The company's Electric segment is primarily involved in the production, transmission, distribution, and sale of electric energy in Minnesota, North Dakota, and South Dakota. It participates in the Midcontinent Independent System Operator, Inc. markets and generates electricity from a mix of sources including coal, wind, hydro, and natural gas. Serving approximately 133,000 residential, industrial, and commercial customers, this segment plays a vital role in regional energy supply.

The Manufacturing segment of Otter Tail engages in diverse activities such as contract machining, metal parts stamping, fabrication, painting, and the production of plastic thermoformed horticultural containers. It also manufactures life science and industrial packaging, material handling components, and extruded raw material stock for various industries including recreational vehicles, agriculture, construction, lawn and garden, and industrial and energy equipment sectors. Additionally, the segment produces clamshell packing, blister packs, returnable pallets, and handling trays, catering to clients in horticulture, medical sciences, industrial applications, recreation, and electronics.

The Plastics segment specializes in the manufacture of polyvinyl chloride (PVC) pipes used in municipal water systems, rural water supplies, wastewater management, storm drainage, water reclamation systems, and other applications. Marketing its products through independent sales representatives, company salespersons, and customer service representatives, this segment serves wholesalers and distributors across various industries.

Founded in 1907 and headquartered in Fergus Falls, Minnesota, Otter Tail Corporation was originally known as Otter Tail Power Company before rebranding in 2001. With a rich history spanning over a century, the company continues to evolve and innovate across its diversified business segments, maintaining a strong presence in the electric utility, manufacturing, and plastics industries.