OTTR Stock - Otter Tail Corp.

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Otter Tail Corporation, alongside its subsidiaries, operates in the electric utility, manufacturing, and plastic pipe sectors across the United States. The company's Electric segment is pivotal in producing, transmitting, distributing, and selling electric energy primarily in Minnesota, North Dakota, and South Dakota. It actively participates in the Midcontinent Independent System Operator, Inc. markets, generating electricity from a mix of sources including coal, wind, hydro, and natural gas. Serving approximately 133,000 residential, industrial, and commercial customers, this segment plays a crucial role in ensuring reliable energy supply across its operational areas.

In addition to its utility operations, Otter Tail Corporation's Manufacturing segment engages in diverse activities such as contract machining, metal parts stamping, and fabrication of various products. These include plastic thermoformed horticultural containers, industrial packaging for life sciences, and material handling components. The segment also manufactures specialized packaging solutions like clamshell packs and blister packs, catering to sectors like horticulture, medical, recreation, and electronics industries. Moreover, the company's Plastics segment specializes in manufacturing polyvinyl chloride (PVC) pipes used in municipal water systems, rural water supply, wastewater management, storm drainage, and water reclamation projects. These products are distributed to wholesalers and distributors through independent sales representatives and dedicated customer service channels.

Founded in 1907 as Otter Tail Power Company and rebranded as Otter Tail Corporation in 2001, the company is headquartered in Fergus Falls, Minnesota. Throughout its history, Otter Tail has continually adapted to meet the evolving needs of its customers and communities, leveraging its expertise across its diversified business segments to drive innovation and sustainable growth in the industries it serves.

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