Otter Tail Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 132.36 million compared to USD 145.59 million a year ago. Revenue was USD 314.31 million compared to USD 301.41 million a year ago. Net income was USD 57.77 million compared to USD 42.01 million a year ago. Basic earnings per share from continuing operations was USD 1.39 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 1.37 compared to USD 1 a year ago.
For the full year, sales was USD 528.36 million compared to USD 549.7 million a year ago. Revenue was USD 1,349.17 million compared to USD 1,460.21 million a year ago. Net income was USD 294.19 million compared to USD 284.18 million a year ago. Basic earnings per share from continuing operations was USD 7.06 compared to USD 6.83 a year ago. Diluted earnings per share from continuing operations was USD 7 compared to USD 6.78 a year ago.