Financial Performance & Outlook - The company affirmed its 2025 earnings guidance of $5.68 to $6.08 per share[9] - Q1 2025 earnings reached $68.1 million, with a diluted EPS of $1.62[10] compared to $74.3 million and $1.77 diluted EPS in Q1 2024[12] representing an 8% decrease in net income[12] - The company projects a 14.2% Return on Equity (ROE) for 2025[13] - The electric segment is expected to have 7% earnings growth in 2025[13] Electric Segment & Rate Base - A net revenue increase of $13.1 million (6.18% increase) was achieved in the North Dakota rate case, implemented in March 2025[10, 19] - The North Dakota rate case resulted in an increased ROE to 10.1% (from 9.77%) and an equity layer of 53.5% (from 52.5%)[19] - The company anticipates significant rate base growth with a Compound Annual Growth Rate (CAGR) of 9.0%[22] Manufacturing & Plastics Segments - Sales prices in the plastics segment decreased by 11% in Q1 2025, while sales volumes increased by 13%[41] - Material input costs for the plastics segment decreased by 89%[41] - The BTD Georgia facility expansion was completed in Q1 2025, with the potential to generate up to $35 million in incremental annual revenue[10, 47] Capital Investments & Financing - The company plans total capital expenditures of $278 million in 2025[63] - Long-term debt issuances for Otter Tail Power Company are projected at $100 million for 2025[65] - The company anticipates normalized plastics earnings of $45-$50 million in 2028[70]

Core Viewpoint - A lawsuit has been filed against Atkore Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about PVC Pipe pricing and an alleged price-fixing scheme [1][2][5]. Company Overview - Atkore Inc. manufactures electrical, safety, and infrastructure products, including PVC Pipe [3]. Legal Proceedings - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until April 23, 2025, to seek appointment to lead the case [2]. Allegations - Atkore is accused of misrepresenting the reasons for post-pandemic PVC Pipe price declines, attributing them to "pricing normalization" and "competitive dynamics" [4]. - An activist investor report alleged that Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated PVC Pipe prices [5]. Financial Impact - On February 4, 2025, Atkore announced disappointing earnings, revealing a mid-single-digit decline in the plastic pipe and conduit product category, largely attributed to its PVC Pipe business, which accounted for approximately $75 million of the guidance reduction [6]. - Following this announcement, Atkore's stock price fell nearly 20%, from $79.72 per share to $64.13 per share [6]. Regulatory Scrutiny - On February 14, 2025, Atkore disclosed receiving a grand jury subpoena from the U.S. Department of Justice Antitrust Division regarding the pricing of its PVC pipe and conduit products [7].

Core Viewpoint - A lawsuit has been filed against Atkore Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about PVC Pipe pricing and an alleged price-fixing scheme [1][2][5]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until April 23, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Atkore manufactures electrical, safety, and infrastructure products, including PVC Pipe [3]. - During the COVID-19 pandemic, shipping costs increased, impacting foreign PVC Pipe manufacturers' ability to sell profitably in the U.S. [3]. Group 3: Allegations Against Atkore - Atkore allegedly misrepresented that post-pandemic PVC Pipe price declines were due to "pricing normalization" and "competitive dynamics" [4]. - An activist investor report accused Atkore of engaging in an anticompetitive price-fixing scheme that artificially inflated PVC Pipe prices [5]. Group 4: Stock Performance and Impact - On February 4, 2025, Atkore announced disappointing earnings, revealing a decline in the plastic pipe and conduit product category, which led to a nearly 20% drop in stock price from $79.72 to $64.13 per share [6]. - Following the earnings announcement, Atkore received a grand jury subpoena from the U.S. Department of Justice Antitrust Division regarding the pricing of its PVC products [7].

Core Viewpoint - A lawsuit has been filed against Atkore Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about PVC Pipe pricing and an alleged price-fixing scheme [1][2][5]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until April 23, 2025, to request to lead the case [2]. Group 2: Company Background - Atkore manufactures electrical, safety, and infrastructure products, including PVC Pipe [3]. - During the COVID-19 pandemic, shipping costs increased, impacting foreign PVC Pipe manufacturers' ability to sell profitably in the U.S. [3]. Group 3: Allegations Against Atkore - Atkore allegedly misrepresented the reasons for post-pandemic PVC Pipe price declines, attributing them to "pricing normalization" rather than competitive pressures [4]. - An activist investor report accused Atkore of engaging in an anticompetitive price-fixing scheme that artificially inflated PVC Pipe prices [5]. Group 4: Stock Performance and Impact - Following disappointing earnings and reduced guidance, Atkore's stock price fell nearly 20%, from $79.72 on February 3, 2025, to $64.13 on February 4, 2025 [6]. - The company disclosed a significant portion of the guidance reduction, approximately $75 million or 3/4 of the total, was attributed to its PVC Pipe business [6]. Group 5: Regulatory Scrutiny - On February 14, 2025, Atkore received a grand jury subpoena from the U.S. Department of Justice Antitrust Division regarding the pricing of its PVC products [7].