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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

7,007 4,696 24,498 24,181

Plastics 704 149 8,314 14,326

Manufacturing 4,281 4,310 15,632 13,171

Health Services (282) 1,089 1,427 2,230

Food Ingredient

Processing 1,401 (611) 4,386 (4,115)

Other Business Operations 1,454 2,442 4,049 5,257

Corporate (447) (793) (4,345) (4,300)

Total Net Income -


Operations 14,118 11,282 53,961 50,750

Discontinued Operations

Income from


Operations Net of

Taxes of $28 - - - 26

Gain on Disposition of


Operations Net of

Taxes of $224 - - - 336

Net Income from Discontinued

Operations - - - 362

Total Net Income 14,118 11,282 53,961 51,112

Preferred Stock Dividend 184 185 736 736

Balance for Common: $13,934 $11,097 $53,225 $50,376

Average Number of Common

Shares Outstanding--Basic 29,790,350 29,444,655 29,681,237 29,394,033

Average Number of Common

Shares Outstanding--

Diluted 30,089,899 29,730,680 29,969,523 29,664,375

Basic Earnings per Common


Continuing Operations

(net of preferred


requirements) $0.47 $0.38 $1.79 $1.70

Discontinued Operations $- $- $- $0.01

$0.47 $0.38

SOURCE Otter Tail Corporation
Copyright©2008 PR Newswire.
All rights reserved

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