Preformed Line Products

Preformed Line Products Co. engages in the provision of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, information, and other similar industries. It operates through the following geographical segments: PLP-USA, Americas, EMEA, and Asia-Pacific. The PLP-USA segment is involved in manufacturing traditional products primarily supporting domestic energy, telecommunications, and solar products. The Americas, EMEA, and Asia-Pacific segments focuses on supporting energy, telecommunications, data communication, and solar products in each respective geographical region. The company was founded by Thomas F. Peterson in 1947 and is headquartered in Mayfield Village, OH.

Earnings data Q1 2021

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PLPC's earnings in Q3 reflect the impacts of reduced sales volume, particularly in the U.S. segment.

Preformed Line Products Earnings and Sales Decline Y/Y in Q3

CLEVELAND , Oct. 30, 2024 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its third quarter of 2024. Net sales in the third quarter of 2024 were $147.0 million compared to $160.4 million in the third quarter of 2023, an 8% decrease.

PREFORMED LINE PRODUCTS ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTS

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The Zacks Analyst Blog Costco, The Coca-Cola, T-Mobile US and Preformed Line Products

CLEVELAND , Sept. 19, 2024 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on September 18, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable October 21, 2024, to shareholders of record at the close of business on October 1, 2024.

PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

A continued slowdown in spending within the communications end market hurt Preformed Line Products' (PLPC) earnings in Q2.

Preformed Line Products (PLPC) Earnings Decline Y/Y in Q2

CLEVELAND , July 31, 2024 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its second quarter of 2024. Net sales in the second quarter of 2024 were $138.7 million compared to $181.8 million in the second quarter of 2023, a 24% decrease.

PREFORMED LINE PRODUCTS ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS

Discover why Zacks rates Preformed Line Products as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore if PLPC is a hidden gem in the energy and telecom infrastructure sector, with a solid financial base but facing market volatility.

Zacks Initiates Coverage of Preformed Line Products With Neutral Recommendation

CLEVELAND , May 1, 2024 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its first quarter of 2024. Net sales in the first quarter of 2024 were $140.9 million compared to $181.8 million in the first quarter of 2023, a 22% decrease due primarily to a slowdown in spending within the communications end market.

PREFORMED LINE PRODUCTS ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS

CLEVELAND , March 7, 2024 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its fourth quarter and full year ended December 31, 2023. Full Year 2023 Highlights: Fifth consecutive year of record annual net sales; increased 5% from 2022 Record net income of $63.3 million Diluted EPS of $12.68, an increase of 17% from 2022, a new annual record Net cash provided by operating activities of $107.7 million Net sales in the fourth quarter of 2023 were $145.6 million compared to $169.9 million in the fourth quarter of 2022, a 14% decrease due primarily to a reduction in communication product sales as the market remains soft and customers destock inventory positions.

PREFORMED LINE PRODUCTS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS

Preformed Line Products is a growth company with a strong track record of unveiling new products and making acquisitions. PLP operates in the energy, communication, and special industries sectors, and should benefit from the Infrastructure Act and lower inflation. The company's financial performance is strong, with impressive growth rates, good margins, and an undervalued stock price, making it a recommended Buy.

Preformed Line: Steady Growth Expected To Deliver More Capital Gains

CLEVELAND , Nov. 22, 2023 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today announced that its Board of Directors has appointed Dennis F. McKenna as Chief Executive Officer, effective January 1, 2024.

PLP APPOINTS DENNIS F. MCKENNA AS CHIEF EXECUTIVE OFFICER, ROBERT G.

CLEVELAND , Nov. 1, 2023 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its third quarter of 2023. Q3 2023 Highlights: Net sales decline of 3% Diluted EPS of $3.03, an improvement of 28% Net cash provided by operating activities improved by $79.2 million Net sales in the third quarter of 2023 were $160.4 million compared to $165.4 million in the third quarter of 2022, a 3% decrease caused primarily by weakness in the communications market.

PREFORMED LINE PRODUCTS ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS

Preformed Line Products Company offers products for data infrastructure, including power conductor and fiber communication cables. Despite the stock's underperformance, Preformed Line Products' financial performance is strong, with growing revenue, profits, and cash flows. On a forward basis, Preformed Line Products stock is attractively priced, with low multiples, making it a potentially good investment opportunity.

Preformed Line Products Company: Patience Is Key

Preformed Line Products has benefitted from both domestic and international demand tailwinds over the past few years. It's clear that U.S. tailwinds will continue for a long time, as the current administration is committing to fund many new infrastructure projects that will take years to complete. However, international demand should be a bit more volatile due to oil and commodity price cyclicality.

Preformed Line Products: Reasonable Valuation Despite Potential International Cyclicality

Preformed Line Products Company has seen its share price appreciate by 185% over the past year, with strong EPS growth and a low forward P/E ratio. PLPC specializes in providing goods for the industrial market, particularly in power conductors and fiber communication cables, which aligns with the growing infrastructure investments in the US. The company's acquisitions, such as Pilot Plastics, are expected to contribute to its revenue and earnings growth, especially in the expanding fiber network market.

Preformed Line Products: Solid Way To Gain Exposure To Infrastructure Spending

CLEVELAND , Aug. 2, 2023 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its second quarter of 2023. Q2 2023 Highlights: Net sales growth of 11% compared to Q2 2022, matching quarterly record net sales levels achieved in Q1 2023 Gross profit margin of 36.5%, consistent with Q1 2023 Diluted EPS of $4.08, an increase of 47% from Q2 2022 Net sales in the second quarter of 2023 were $181.8 million compared to $163.5 million in the second quarter of 2022, an 11% increase.

PREFORMED LINE PRODUCTS ANNOUNCES SECOND QUARTER 2023 FINANCIAL RESULTS

CLEVELAND , May 18, 2023 /PRNewswire/ -- The Board of Directors of Preformed Line Products Company (NASDAQ: PLPC) is pleased to announce that it has appointed Mr. J. Ryan Ruhlman, age 40, as President of the Company.

PLP NAMES J. RYAN RUHLMAN PRESIDENT OF THE COMPANY

Preformed Line Products Company has had a great run in recent months, with shares driven higher by robust financial improvements. This trend looks set to continue for the foreseeable future, though the stock isn't as cheap as it was.

Preformed Line Products Company: A Solid Prospect Even After Such A Great Run

CLEVELAND , May 3, 2023 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its first quarter of 2023. Q1 2023 Highlights: Fourth consecutive record of quarterly net sales; increased 32% from comparable 2022 period Record quarterly net income of $21.4 million Diluted EPS of $4.28, an increase of 72% from Q1 2022, a new quarterly record Net sales in the first quarter of 2023 were $181.8 million compared to $138.2 million in the first quarter of 2022, a 32% increase and a new record for quarterly shipments.

PREFORMED LINE PRODUCTS ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS

CLEVELAND , March 1, 2023 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its fourth quarter and full year ended December 31, 2022. Q4 2022 Highlights: Third consecutive record of quarterly net sales; increased 29% from comparable 2021 period Record quarterly net income of $16.5 million Diluted EPS of $3.28, an increase of 83% from Q4 2021, a new quarterly record Full Year 2022 Highlights: Fourth consecutive record of annual net sales; increased 23% from comparable 2021 period Record net income of $54.4 million Diluted EPS of $10.88, an increase of 51% from 2021, a new annual record Net sales in the fourth quarter of 2022 were $169.9 million compared to $131.4 million in the fourth quarter of 2021, a 29.3% increase and a new record for quarterly shipments.

PREFORMED LINE PRODUCTS ANNOUNCES RECORD FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS

Preformed Line Products is positioned to benefit from the trend towards 5G, EV charging infrastructure expansion, and solar energy adoption. The company is strong financially and supports its growth through innovation and strategic acquisitions of suppliers and partners.

Uncovering The Growth Potential Of Preformed Line Products

I recently finished rereading Peter Lynch's One Up On Wall Street. When I came across Preformed Line Products, I realized that this is the kind of business that was being referred to in Lynch's book.

Preformed Line Products Is The Boring Business Your Portfolio Is Asking For

CLEVELAND , Feb. 2, 2023 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) announced today that it has acquired substantially all of the assets of Pilot Plastics, Inc. Founded in 2001 and located in Peninsula, Ohio, Pilot Plastics is an injection molding manufacturing specialist with over two decades of experience serving various consumer and B2B industries, including partnering with PLP over the last fifteen years on multiple manufacturing projects. With multiple state-of-the-art presses and a highly experienced production team, the Pilot acquisition will expand PLP's injection molding capabilities and further enhance the company's extensive manufacturing footprint.

PLP ANNOUNCES ACQUISITION OF PILOT PLASTICS ASSETS

CLEVELAND , Nov. 1, 2022 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its third quarter ended September 30, 2022. Q3 2022 Highlights: Second consecutive record of quarterly net sales; increased 22% from comparable 2021 period Net income of $11.9 million, an increase of 11% from Q3 2021 Results include a non-cash goodwill impairment charge of $6.5 million for the Asia-Pacific region.

PREFORMED LINE PRODUCTS ANNOUNCES THIRD QUARTER AND FIRST NINE MONTHS 2022 FINANCIAL RESULTS

CLEVELAND , Oct. 17, 2022 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) announced today that it has acquired Delta Conectores, S.A. de C.V. Founded in 1979 and based out of Aguascalientes, Mexico, Delta designs and manufactures substation connector systems and accessory hardware for high-voltage AC systems and is a market leader in Mexico.

News for Preformed Line Products Stock (PLPC)