Citing Continued Strength Within Plastics Segment, Otter Tail Increases FY24 EPS Guidance From $6.23 - $6.53 To $6.77 - $7.07, Est $6.37
Portfolio Pulse from Benzinga Newsdesk
Otter Tail Corporation has increased its FY24 EPS guidance from $6.23 - $6.53 to $6.77 - $7.07, citing continued strength in its Plastics segment. Despite strong quarterly results in the Manufacturing segment, the company anticipates demand-related headwinds in the second half of 2024.
August 05, 2024 | 10:05 pm
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Otter Tail Corporation has raised its FY24 EPS guidance due to strong performance in its Plastics segment. However, the company expects demand-related headwinds in its Manufacturing segment in the second half of 2024.
The increase in EPS guidance is a positive indicator for Otter Tail Corporation, driven by the strong performance in the Plastics segment. However, the anticipated demand-related headwinds in the Manufacturing segment could temper some of the optimism.
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