-- The corporation expects electric segment earnings in the range of
$19.0 million to $24.0 million in 2007, which is consistent with 2007
prior guidance. A major maintenance shutdown of Big Stone Plant planned
for the third quarter of 2007 was rescheduled for the fourth quarter of
2007, resulting in a shift in anticipated expenditures and plant
availability between the quarters.
-- The corporation expects the plastics segment's earnings performance to
be in the range of $6.0 million to $8.5 million, which is consistent
with 2007 prior guidance.
-- Continued enhancements in productivity and capacity utilization and
strong backlogs are expected to result in increased net income in the
manufacturing segment in 2007.
-- The corporation expects flat to slightly declining earnings in the
health services segment in 2007 primarily due to lower sales at the
diagnostic imaging services company. This is a change from prior
guidance of moderate net income growth from this segment in 2007.
-- The corporation expects its food ingredient processing business to
generate net income in the range of $3.0 million to $4.5 million in
2007, a change from prior guidance of $2.5 million to $4.5 million.
-- The other business operations segment is expected to have lower
earnings in 2007 compared with 2006 due to an expected return to more
normal corporate cost levels. The construction companies are expected
to have a strong 2007 given performance in the first nine months of
2007 and current backlogs.
Risk Factors and Forward-Looking Statements that Could Affect Future Results
The information in this release includes certain forward-looking
information, including 2007 expectations, made under the Safe Harbor
|SOURCE Otter Tail Corporation|
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