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Otter Tail Corporation Reports Record Revenues and Net Income From Continuing Operations for 2007; Earnings Per Share of $1.78; Board Approves Dividend Increase
Date:2/5/2008

operations that include an electric utility, manufacturing, health services, food ingredient processing and infrastructure businesses which include plastics, construction and transportation. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at http://www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.

See Otter Tail Corporation's results of operations for the three months and years ended December 31, 2007 and 2006 in the attached financial statements.

Consolidated Statements of Income, Consolidated Balance Sheets -- Assets, Consolidated Balance Sheets -- Liabilities and Equity

Otter Tail Corporation

Consolidated Statements of Income

For the Three and Twelve Months Ended December 31, 2007 and 2006

In thousands, except share and per share amounts

Quarter Ended Year-to-Date

December 31, December 31,

2007 2006 2007 2006

Operating Revenues by

Segment:

Electric $90,816 $78,706 $323,478 $306,014

Plastics 34,693 26,404 149,012 163,135

Manufacturing 95,258 85,256 381,599 311,811

Health Services 33,895 34,710 130,670 135,051

Food Ingredient

Processing 16,828 14,449 70,440 45,084

Other Business

Operations 58,766 47,450 185,730 145,603

Corporate Revenue and

Intersegment

Eliminations (569) (274) (2,042)
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SOURCE Otter Tail Corporation
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