(OTTR) Otter Tail - Ratings and Ratios

Otter Tail Corporation operates as a diversified company with a presence in the electric utility, manufacturing, and plastic pipe industries across the United States. Through its three primary segments - Electric, Manufacturing, and Plastics - the company caters to a wide range of customers and industries. The Electric segment is involved in the production, transmission, distribution, and sale of electric energy, primarily serving residential, commercial, and industrial customers in Minnesota, North Dakota, and South Dakota. This segment participates in the Midcontinent Independent System Operator markets and generates electricity from various sources, including coal, fuel oil, solar, wind, and natural gas, thereby ensuring a balanced energy mix.

The Manufacturing segment of Otter Tail Corporation engages in a variety of activities, including contract machining, metal parts stamping, fabrication, and painting. It produces plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components, among other products. These offerings cater to several end markets, such as the recreational vehicle, lawn and garden, agricultural, construction, and industrial and energy equipment sectors. By providing a broad range of manufacturing services and products, the company supports the supply chains of various industries, contributing to their operational efficiency and product development.

Otter Tail Corporation's Plastics segment is dedicated to the manufacture of polyvinyl chloride (PVC) pipes, which are used in municipal water, rural water, wastewater, storm drainage, and water reclamation systems, as well as other applications. The segment's products are marketed to wholesalers and distributors through a network of independent sales representatives, company salespersons, and customer service representatives. This approach enables the company to effectively reach its target markets, including the horticulture, medical and life sciences, industrial, recreation, and electronics industries, providing them with essential piping solutions for their operations.

With a history dating back to 1907, Otter Tail Corporation has evolved significantly over the years, adapting to changes in the energy and manufacturing landscapes. Formerly known as Otter Tail Power Company, the company changed its name to Otter Tail Corporation in 2001, reflecting its expanded business scope and diversified operations. Headquartered in Fergus Falls, Minnesota, Otter Tail Corporation is listed on the NASDAQ stock exchange under the ticker symbol OTTR and is classified under the GICS Sub Industry of Electric Utilities. Further information about the company can be found on its website at https://www.ottertail.com, and its common stock is traded with the ISIN code US6896481032.