Edition:
United States

Otter Tail Reports Qtrly Adj EPS from Continuing Operations of $0.50​


Monday, 12 Feb 2018 06:00pm EST 

Feb 12 (Reuters) - Otter Tail Corp ::OTTER TAIL - INCREASES QUARTERLY DIVIDEND 4.7 PERCENT, PROVIDES 2018 EARNINGS GUIDANCE FROM CONTINUING OPERATIONS OF $1.80 TO $1.95 PER SHARE.REDUCTION OF $0.05/SHARE DUE TO TAX LAW WAS NOT CONTEMPLATED IN UPDATED 2017 EPS GUIDANCE OF $1.75-$1.85 .SEES FY 2018 EARNINGS PER SHARE $1.80 TO $1.95 FROM CONTINUING OPERATIONS.‍ BOARD INCREASED QUARTERLY COMMON STOCK DIVIDEND TO $0.335 PER SHARE, AN INDICATED ANNUAL DIVIDEND RATE OF $1.34 PER SHARE.​.QTRLY ‍ ADJUSTED DILUTED EARNINGS PER SHARE - CONTINUING OPERATIONS $ 0.50​.QTRLY EARNINGS PER SHARE FROM CONTINUING OPERATIONS $0.45​.EXPECT CAPITAL EXPENDITURES FOR 2018 TO BE $110 MILLION.QTRLY ‍REVENUES FROM CONTINUING OPERATIONS $206.7 MILLION VERSUS $196.6 MILLION.‍EXPECT 2018 NET INCOME FROM PLASTICS SEGMENT TO BE LOWER THAN 2017​.‍IMPACT OF TAX REFORM ON DILUTED EPS $0.05​ IN QUARTER.‍CONSOLIDATED CAPITAL EXPENDITURE PLAN FOR 2018-2022 TIME PERIOD CALLS FOR $973 MILLION​.