Otter Tail Corp

Otter Tail Corp is a multi-faceted energy and infrastructure company based in Fergus Falls, Minnesota. The company was founded in 1907 and is one of the oldest publicly traded companies in the state. Otter Tail Corp operates through its various subsidiaries, which include Otter Tail Power Company, Northern Pipe Products, and BTD Manufacturing.
The company’s main focus is on providing electricity, natural gas, and other related energy services to customers in the Upper Midwest region. Otter Tail Power Company serves nearly 134,000 electric customers and approximately 65,000 natural gas customers in Minnesota, North Dakota, and South Dakota.
In addition to its energy services, Otter Tail Corp also offers diversified infrastructure and manufacturing services. Its subsidiaries Northern Pipe Products and BTD Manufacturing provide a range of products such as PVC pipes, plastic injection molding, and metal fabrication services.
The company has a strong commitment to sustainability and has been recognized for its efforts in renewable energy. It has invested in wind and solar energy projects and has set a goal to reduce its carbon emissions by 30% by 2030.
Otter Tail Corp is publicly traded on the Nasdaq Stock Exchange under the ticker symbol OTTR and is included in the S&P 600 SmallCap Index. The company has a strong financial history and has consistently paid dividends to its shareholders since 1948.
In addition to its corporate initiatives, Otter Tail Corp is also involved in various philanthropic efforts through its charitable arm, the Otter Tail Power Company Charitable Foundation. The foundation supports local communities by donating to organizations focused on education, community development, and environmental stewardship.

1. Long-standing history: Otter Tail Corp was founded in 1907, making it over 110 years old. It is one of the oldest companies in the state of Minnesota and has been in operation for over a century.
2. Diversified operations: Otter Tail Corp operates in multiple industries, including electric and gas utilities, manufacturing, and plastics, among others. This diversification reduces the company’s reliance on any single industry and helps in mitigating risks.
3. Strong financial performance: The company has consistently reported strong financial results over the years, with steady revenue and earnings growth. This stability has translated into a consistent dividend payout to shareholders.
4. Commitment to renewable energy: Otter Tail Corp has a strong commitment to transitioning to renewable energy sources. It has invested in wind and hydro power projects, and has set a goal to produce 30% of its electricity from renewable sources by 2021.
5. Employee-owned: The company is one of the few employee-owned public companies in the United States. Employees own approximately 11% of the company’s shares, which fosters a sense of shared ownership and employee engagement.
6. Community involvement: Otter Tail Corp has a strong commitment to giving back to the communities in which it operates. It supports various community programs and events, and encourages employees to volunteer and participate in local initiatives.
7. Sustainable practices: The company prioritizes sustainability in its operations and is committed to minimizing its environmental impact. It has implemented energy efficiency and conservation measures, and has set targets to reduce its carbon footprint.
8. Strong leadership: Otter Tail Corp has a stable leadership team with a strong track record of strategic decision-making and execution. The company’s management has been recognized for their leadership and business acumen.
9. Strong corporate governance: The company has a strong commitment to ethical and transparent business practices. It has implemented robust corporate governance policies and procedures to ensure accountability and responsible decision-making.
10. Consistent growth and innovation: Otter Tail Corp has a history of adapting to changing market conditions and consistently growing and evolving its business. The company continues to invest in new technologies and innovations to remain competitive in its various industries.