Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications. It also provides protective closures and splice cases to protect fixed line communication networks, such as copper cable or fiber optic cable from moisture, environmental hazards, and other contaminants; and data communication cabinets, hardware assemblies, pole line hardware, resale products, underground connectors, solar hardware systems, guy markers, tree guards, fiber optic cable markers, pedestal markers, and urethane products that are used by energy, renewable energy, communications, cable, and special industries for various applications. The company serves public and private energy utilities and communication companies, cable operators, financial institutions, governmental agencies, contractors and subcontractors, distributors, and value-added resellers in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It markets its products through a direct sales force, as well as through manufacturing representatives. The company was incorporated in 1947 and is headquartered in Mayfield, Ohio.
IPO Year:
Exchange: NASDAQ
Website: preformed.com
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10-Q - PREFORMED LINE PRODUCTS CO (0000080035) (Filer)
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10-Q - PREFORMED LINE PRODUCTS CO (0000080035) (Filer)
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10-Q - PREFORMED LINE PRODUCTS CO (0000080035) (Filer)
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8-K - PREFORMED LINE PRODUCTS CO (0000080035) (Filer)
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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. Mr. McKenna assumes the role from Robert G. Ruhlman, who has served as CEO since 2000 and who will become Executive Chairman of the company. Dennis McKenna is a long-standing employee of PLP, joining the company's ranks in 1993 and steadily progressing through various leadership roles over his impressive thirty-year career. Most recently, Dennis served as the com
CLEVELAND, May 2, 2025 /PRNewswire/ -- Preformed Line Products Company (NASDAQ:PLPC) today announced it has acquired J.A.P. Indústria de Materiais para Telefonia Ltda (JAP Telecom), a leading Brazilian designer, manufacturer, and supplier of connectivity solutions for the South American telecommunications infrastructure market. Founded in 2002 and headquartered in Pedreira, Brazil, JAP Telecom has over 20 years of experience serving the region's largest telecommunications operators and internet service providers. The company's core product portfolio includes fiber optic closur
CLEVELAND, May 1, 2025 /PRNewswire/ -- Preformed Line Products Company (NASDAQ:PLPC) today reported financial results for its first quarter of 2025. Q1 2025 Highlights compared to Q1 2024: Net sales growth of 5%Gross margin increase of 150 bpsNet income and fully diluted EPS increase of 20%Net sales in the first quarter of 2025 were $148.5 million compared to $140.9 million in the first quarter of 2024, a 5% increase. PLP-USA as well as the international segments recorded sales growth compared to the first quarter of 2024 with the USA business benefiting from increased communi
CLEVELAND, March 19, 2025 /PRNewswire/ -- The Board of Directors of Preformed Line Products (NASDAQ:PLPC) on March 10, 2025, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable April 21, 2025, to shareholders of record at the close of business on April 1, 2025. ABOUT PLP PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locatio
CLEVELAND, March 13, 2025 /PRNewswire/ -- Preformed Line Products Company (NASDAQ:PLPC) today reported financial results for its fourth quarter of 2024 and full year ended December 31, 2024. Q4/Full Year 2024 Highlights: Quarterly net sales of $167.1 million, an increase of 15% from Q4 2023 and 14% from Q3 2024Diluted EPS of $2.13, an increase of 65% from Q4 2023 and 38% from Q3 2024Debt reduction of $33.7 million in 2024 due to strong cash generationNet sales in the fourth quarter of 2024 were $167.1 million compared to $145.6 million in the fourth quarter of 2023, a 15% incr
CLEVELAND, Dec. 18, 2024 /PRNewswire/ -- The Board of Directors of Preformed Line Products (NASDAQ:PLPC) on December 3, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable January 21, 2025, to shareholders of record at the close of business on January 7, 2025. ABOUT PLP PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With lo
CLEVELAND, Nov. 25, 2024 /PRNewswire/ -- PLP, a global leader in developing innovative infrastructure solutions for electric power systems, today announced the launch of the world's first self-service drone kit for remotely installing bird diverters on overhead power lines. The new RAPTOR CLAMP™ Drone Kit enables electric utilities and contractors to safely and efficiently install PLP RAPTOR CLAMP Diverters via a simple-to-use DIY accessory kit that seamlessly attaches to DJI M300/M350 drones—widely used and popular drone models currently employed by utilities worldwide. The RAPTOR CLAMP Drone Kit provides a significant advantage in aerial power line maintenance
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. The decrease in sales is primarily related to a continuation of the slowdown in spending in the communications end market. Foreign currency translation reduced third quarter 2024 net sales by $0.8 million. Net income for the quarter ended September 30, 2024, was $7.7 million, or $1.54 per diluted sh
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. ABOUT PLP PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With
CLEVELAND, Aug. 16, 2024 /PRNewswire/ -- PLP, a global leader and key U.S. manufacturer of critical broadband infrastructure components, today announced that it is the first fiber optic closure and pole line hardware manufacturer to self-certify several of its core products as compliant with the Build America, Buy America (BABA) Act requirements of the U.S. BEAD Program. The BABA Act, part of the Infrastructure Investment and Jobs Act (IIJA)—also known as the Bipartisan Infrastructure Law—mandates strict U.S. domestic sourcing requirements for all related programs, including t
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. The decrease in sales is a continuation of the slowdown in spending in the communications end market. Foreign currency translation reduced second quarter 2024 net sales by $1.1 million. Net income for the quarter ended June 30, 2024 was $9.4 million, or $1.89 per diluted share, compared to $20.5
CLEVELAND, May 1, 2025 /PRNewswire/ -- Preformed Line Products Company (NASDAQ:PLPC) today reported financial results for its first quarter of 2025. Q1 2025 Highlights compared to Q1 2024: Net sales growth of 5%Gross margin increase of 150 bpsNet income and fully diluted EPS increase of 20%Net sales in the first quarter of 2025 were $148.5 million compared to $140.9 million in the first quarter of 2024, a 5% increase. PLP-USA as well as the international segments recorded sales growth compared to the first quarter of 2024 with the USA business benefiting from increased communi
CLEVELAND, March 19, 2025 /PRNewswire/ -- The Board of Directors of Preformed Line Products (NASDAQ:PLPC) on March 10, 2025, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable April 21, 2025, to shareholders of record at the close of business on April 1, 2025. ABOUT PLP PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locatio
CLEVELAND, March 13, 2025 /PRNewswire/ -- Preformed Line Products Company (NASDAQ:PLPC) today reported financial results for its fourth quarter of 2024 and full year ended December 31, 2024. Q4/Full Year 2024 Highlights: Quarterly net sales of $167.1 million, an increase of 15% from Q4 2023 and 14% from Q3 2024Diluted EPS of $2.13, an increase of 65% from Q4 2023 and 38% from Q3 2024Debt reduction of $33.7 million in 2024 due to strong cash generationNet sales in the fourth quarter of 2024 were $167.1 million compared to $145.6 million in the fourth quarter of 2023, a 15% incr
CLEVELAND, Dec. 18, 2024 /PRNewswire/ -- The Board of Directors of Preformed Line Products (NASDAQ:PLPC) on December 3, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable January 21, 2025, to shareholders of record at the close of business on January 7, 2025. ABOUT PLP PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With lo
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. The decrease in sales is primarily related to a continuation of the slowdown in spending in the communications end market. Foreign currency translation reduced third quarter 2024 net sales by $0.8 million. Net income for the quarter ended September 30, 2024, was $7.7 million, or $1.54 per diluted sh
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. ABOUT PLP PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With
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. The decrease in sales is a continuation of the slowdown in spending in the communications end market. Foreign currency translation reduced second quarter 2024 net sales by $1.1 million. Net income for the quarter ended June 30, 2024 was $9.4 million, or $1.89 per diluted share, compared to $20.5
CLEVELAND, June 19, 2024 /PRNewswire/ -- The Board of Directors of Preformed Line Products (NASDAQ:PLPC) on June 19, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable July 19, 2024, to shareholders of record at the close of business on July 1, 2024. ABOUT PLP PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations i
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. Foreign currency translation increased first quarter 2024 net sales by $0.7 million. Net income for the quarter ended March 31, 2024 was $9.6 million, or $1.94 per diluted share, compared to $21.4 million, or $4.28 per dilute
CLEVELAND, March 18, 2024 /PRNewswire/ -- The Board of Directors of Preformed Line Products (NASDAQ:PLPC) on March 15, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable April 19, 2024, to shareholders of record at the close of business on April 2, 2024. ABOUT PLP PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locatio