Otter Tail Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 113.76 million compared to USD 130.95 million a year ago. Revenue was USD 337.72 million compared to USD 400.04 million a year ago. Net income was USD 81.97 million compared to USD 85.94 million a year ago. Basic earnings per share from continuing operations was USD 1.97 compared to USD 2.07 a year ago. Diluted earnings per share from continuing operations was USD 1.95 compared to USD 2.05 a year ago.
For the six months, sales was USD 265.67 million compared to USD 261.37 million a year ago. Revenue was USD 676.8 million compared to USD 774.94 million a year ago. Net income was USD 144.45 million compared to USD 157.94 million a year ago. Basic earnings per share from continuing operations was USD 3.47 compared to USD 3.8 a year ago. Diluted earnings per share from continuing operations was USD 3.44 compared to USD 3.77 a year ago.