Otter Tail (OTTR) FY2024 results: revenue $1.3 billion, down 1.7% on the year
Otter Tail Corp. (OTTR) reported revenue of $1.3 billion for fiscal 2024, the year ended 31 December 2024, down 1.7% on the year before. Net income was $302 million, up 2.5%, and diluted earnings per share $7.17. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$1.3 billion
-1.7% on the year
FY2017FY2024
Operating margin
28.6%
27.9% a year earlier
FY2017FY2024
Net income
$302 million
+2.5% on the year
FY2017FY2024
Diluted EPS
$7.17
+2.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
453
404
389
+11.9%
Capital expenditure
359
287
171
+24.9%
Free cash flow
94.1
117
218
-19.8%
Free cash flow margin
7.1%
8.7%
14.8%
Cash from investing
-411
-289
-175
Cash from financing
22.9
-3.8
-96.8
Depreciation and amortisation
107
98.0
92.6
+9.4%
Share-based compensation
9.5
7.8
6.8
+22.9%
Dividends paid
78.3
73.1
68.8
+7.1%
Dividend per share
$1.87
$1.75
$1.65
+6.9%
Diluted shares, weighted
42m
42m
42m
+0.1%
Shares outstanding at period end
42m
42m
42m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,668
1,443
1,217
+15.6%
Debt
1,013
905
832
+11.9%
Operating lease liabilities
23.6
11.3
13.9
+109.3%
Other liabilities
947
883
838
+7.2%
Total liabilities and equity
3,652
3,243
2,902
+12.6%
Fixed assets
179
142
2,213
+25.4%
Goodwill
37.6
37.6
37.6
0.0%
Intangible assets
5.7
6.8
7.9
-16.1%
Investments
122
62.5
54.8
+95.0%
Cash and equivalents
295
230
119
+27.9%
Inventory
149
150
146
-0.5%
Other assets
2,865
2,613
324
+9.6%
Total assets
3,652
3,243
2,902
+12.6%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.