Filing Flows › Otter Tail (OTTR) › Q1 2025
Otter Tail (OTTR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Otter Tail (OTTR) reported revenue of $337M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +11% from the quarter before. Operating margin was 24.9%, net earnings $68.1M (20.2% of revenue).
Otter Tail, Q1 2025: revenue $337M (-3% year over year), operating margin 24.9%, net earnings $68.1M, operating cash flow $39.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $337M | +11% | -3% |
| Operating profit | $84.0M | +26% | -12% |
| Net earnings | $68.1M | +24% | -8% |
| Operating cash flow | $39.5M | -70% | -45% |
What changed
Revenue was $337.3M in Q1 2025, down 3% year over year and up 11% from the previous quarter. Electric was the largest line at 44% of revenue. Manufacturing lost $17.7M year over year (down 18%), 179% of the total change.
Operating profit was $84.0M, a 24.9% margin (down 2.5 points year over year). Total costs grew 0% against a revenue fall of 3%. The fastest-growing cost line was SG&A (+13%). Net earnings were $68.1M, down 8% year over year. The effective tax rate was 12.9%.
Operating cash flow was $39.5M (down 45% year over year), 58% of net earnings. Non-cash charges added back $29.4M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items used $63.8M. Capital expenditures of $58.0M exceeded it, leaving free cash flow of −$18.5M.
Questions
What was Otter Tail's revenue in the first quarter 2025?
Otter Tail (OTTR) reported revenue of $337M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +11% from the quarter before.
Was Otter Tail profitable in the first quarter 2025?
Operating profit was $84.0M (24.9% of revenue) and net earnings $68.1M.
Source: Otter Tail 10-Q on SEC EDGAR.