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Otter Tail announces financial results

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News Bemidji,Minnesota 56619 http://www.bemidjipioneer.com/sites/all/themes/bemidjipioneer_theme/images/social_default_image.png
Bemidji Pioneer
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Otter Tail announces financial results
Bemidji Minnesota P.O. Box 455 56619

Otter Tail Corporation announced financial results for the quarter that ended June 30.

Highlights

- The corporation generated operating cash flow of $90.3 million for the six months ended June 30, a $55.4 million increase over the same period in 2008.

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- Consolidated second quarter 2009 revenues were $246.9 million, compared with $323.6 million for the second quarter of 2008.

- Consolidated net income was $2.7 million compared with $3.5 million for the second quarter of 2008.

- Second quarter 2009 diluted earnings per share totaled $0.07, compared with $0.11 for the same period last year.

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Pioneer staff reports
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