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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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
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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, 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, April 16, 2024 /PRNewswire/ -- PLP, a global leader in developing innovative infrastructure solutions for electric power systems, today announced the launch of its Aeolus line monitoring service, a revolutionary new platform for measuring and analyzing wind-induced conductor motion on overhead lines. With the launch of Aeolus, PLP aims to empower line engineers and electric utilities to delve deeper into the mechanical behavior of overhead conductors and associated transmission line hardware like never before. Whether assessing newly installed damping systems or investigating line failures, engineers will now be able to gain valuable insights into the
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
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 2022Record net income of $63.3 millionDiluted EPS of $12.68, an increase of 17% from 2022, a new annual recordNet cash provided by operating activities of $107.7 millionNet 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
CLEVELAND, Jan. 16, 2024 /PRNewswire/ -- PLP and FulcrumAir have partnered to launch the world's most advanced automated robotic system for installing helically-shaped bird diverters on overhead power lines. The Mini LineFly™ is a revolutionary unmanned system that automatically and precisely installs PLP's BIRD-FLIGHT™ Diverters on overhead lines, helping to significantly reduce safety concerns for lineworkers while also exponentially increasing project efficiency. "We are excited to collaborate with FulcrumAir to launch this newest addition to our expanding lineup of robotic installation solutions," said Ryan Ruhlman, President of PLP. "The Mini LineFly not on
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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
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 2022Record net income of $63.3 millionDiluted EPS of $12.68, an increase of 17% from 2022, a new annual recordNet cash provided by operating activities of $107.7 millionNet 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
CLEVELAND, Dec. 21, 2023 /PRNewswire/ -- The Board of Directors of Preformed Line Products (NASDAQ:PLPC) on December 13, 2023, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable January 19, 2024, to shareholders of record at the close of business on January 5, 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 l
CLEVELAND, Sept. 20, 2023 /PRNewswire/ -- The Board of Directors of Preformed Line Products (NASDAQ:PLPC) on September 20, 2023, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable October 20, 2023, to shareholders of record at the close of business on October 2, 2023. 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. 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 2023Gross profit margin of 36.5%, consistent with Q1 2023Diluted EPS of $4.08, an increase of 47% from Q2 2022Net 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. Foreign currency translation reduced second quarter 2023 net sal
Preformed Line Products (NASDAQ:PLPC) reported quarterly earnings of $1.94 per share. This is a 54.67 percent decrease over earnings of $4.28 per share from the same period last year. The company reported $140.90 million in sales this quarter. This is a 22.51 percent decrease over sales of $181.82 million the same period last year.
Preformed Line Products (NASDAQ:PLPC) reported quarterly earnings of $1.29 per share. This is a 60.67 percent decrease over earnings of $3.28 per share from the same period last year. The company reported $145.60 million in sales this quarter. This is a 14.31 percent decrease over sales of $169.92 million the same period last year.
At the end of today, January 19, 2024, Preformed Line Products (NASDAQ:PLPC) will distribute a dividend payout of $0.20 per share, translating to an annualized dividend yield of 0.61%. Shareholders who held the stock before the ex-dividend date on January 04, 2024 will benefit from this payout. Preformed Line Products Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;
Wednesday marks the last chance for investors to receive the next dividend payout from Preformed Line Products (NASDAQ:PLPC). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 20 cents per share. On Thursday, Preformed Line Products will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own PLPC as of the end of Wednesday's session are eligible to recei
What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the industrials sector: Mueller Industries (NYSE:MLI) - P/E: 8.74 Preformed Line Products (NASDAQ:PLPC) - P/E: 9.17 Pangaea Logistics Solns (NASDAQ:PANL) - P/E: 9.09 Allegiant Travel (NASDAQ:ALGT) - P/E: 8.93 American Airlines Group (NASDAQ:AAL) - P/E: 5.9 Mueller Industries has reported Q3 earnings per share at $0.59, which has decreased by 62.18% compared to Q2, whi
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 company's Chief Operating Officer, where he oversaw PLP's global operations and business development teams.As CEO, Dennis will help lead a company that has experi
Gainers OmniLit Acquisition Corp. (NASDAQ:OLIT) jumped 53.2% to $15.53. OmniLit announced that its merger with Syntec was approved by shareholders. Panbela Therapeutics, Inc. (NASDAQ:PBLA) shares climbed 40.6% to $1.1050. Panbela announced the publication of preclinical and clinical data from studies of CPP-1X (also known as α-Difluoromethylornithine (DFMO) or Eflornithine) in recent onset type 1 diabetes (T1D). Lemonade, Inc. (NYSE:LMND) climbed 37.2% to $15.09 following strong third-quarter results. Aware, Inc. (NASDAQ:AWRE) shares climbed 36.2% to $1.4299 after the company reported strong quarterly sales results. Alpine Immune Sciences, Inc. (NASDAQ:ALPN) rose 35.4% to $14.25. Th
Gainers Hyzon Motors (NASDAQ:HYZN) shares rose 25.6% to $0.93 during Thursday's regular session. Trading volume for this security as of 13:31 EST is 628.9K, which is 99.3% of its average full-day volume over the last 100 days. The company's market cap stands at $227.4 million. Pitney Bowes (NYSE:PBI) stock moved upwards by 23.65% to $3.92. As of 13:31 EST, Pitney Bowes's stock is trading at a volume of 3.6 million, which is 257.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $690.0 million. The company's, Q3 earnings came out today. Li-Cycle Holdings (NYSE:LICY) shares moved upwards by 23.64% to $1.59. Li-Cycle Holdings's stock
Preformed Line Products (NASDAQ:PLPC) reported quarterly earnings of $4.08 per share. This is a 47.29 percent increase over earnings of $2.77 per share from the same period last year. The company reported $181.81 million in sales this quarter. This is a 11.22 percent increase over sales of $163.47 million the same period last year.
At the end of today, July 20, 2023, Preformed Line Products (NASDAQ:PLPC) will distribute a dividend payout of $0.20 per share, translating to an annualized dividend yield of 0.47%. Shareholders who held the stock before the ex-dividend date on June 30, 2023 will benefit from this payout. Preformed Line Products Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;