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PLPC

Preformed Line Products Company

PLPC

Preformed Line Products Company • NASDAQ
$205.25 ▲ 0.15% (+0.31)
Market Cap $1.01 B
52w High $245.99
52w Low $118.99
Dividend Yield 0.80%
P/E 27.19
Volume 11.33K
Outstanding Shares 4.92M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $178.087M ▲ $39.717M ▲ $2.626M ▼ 1.475% ▼ $0.53 ▼ $8.474M ▼
Q2-2025 $169.601M ▲ $38.275M ▲ $12.705M ▲ 7.491% ▼ $2.57 ▲ $22.606M ▲
Q1-2025 $148.541M ▼ $35.541M ▼ $11.517M ▲ 7.753% ▲ $2.34 ▲ $18.222M ▼
Q4-2024 $167.117M ▲ $38.116M ▲ $10.452M ▲ 6.254% ▲ $2.13 ▲ $22.573M ▲
Q3-2024 $146.973M $35.386M $7.68M 5.225% $1.57 $15.695M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $72.946M ▲ $644.623M ▲ $178.285M ▲ $466.305M ▲
Q2-2025 $66.908M ▲ $631.461M ▲ $170.725M ▲ $460.736M ▲
Q1-2025 $54.835M ▼ $592.451M ▲ $156.63M ▲ $435.776M ▲
Q4-2024 $57.244M ▲ $573.877M ▼ $151.553M ▼ $422.315M ▼
Q3-2024 $47.498M $591.953M $162.966M $428.971M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.619M ▼ $18.94M ▼ $-10.962M ▲ $-2.552M ▲ $6.038M ▼ $8.317M ▼
Q2-2025 $12.7M ▲ $26.928M ▲ $-12.552M ▼ $-4.768M ▼ $12.073M ▲ $18.55M ▲
Q1-2025 $11.553M ▲ $5.655M ▼ $-9.657M ▼ $-22K ▲ $-2.409M ▼ $-5.321M ▼
Q4-2024 $10.445M ▲ $24.067M ▲ $-4.631M ▼ $-7.001M ▲ $9.746M ▲ $20.636M ▲
Q3-2024 $7.696M $9.366M $-3.446M $-7.298M $74K $5.792M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Plp Usa
Plp Usa
 $210.00M ▲$80.00M ▼$80.00M ▲$80.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have grown meaningfully over the last five years, but with a noticeable step down in the most recent year from an unusually strong peak. The business showed a steady climb in sales and earnings through 2023, helped by strong demand in both energy and communications. In 2024, sales and margins eased back, suggesting some normalization after a very strong period or possible pressure from costs, pricing, or project timing. Even with this pullback, profitability still looks stronger than in the early years of the period, showing that the underlying earnings power of the company has improved over time, though results remain somewhat cyclical and sensitive to industry conditions.

Balance Sheet

Balance Sheet The balance sheet looks conservative and generally stronger than five years ago. Total assets and shareholder equity have built up over time, indicating reinvestment and retained earnings, even though there was a small dip in assets most recently. Debt levels rose mid-period but have since been brought down, leaving the company with modest leverage. Cash balances have been fairly stable to slightly higher, which, combined with lower debt, points to solid financial flexibility. Overall, the company appears to be managing growth without overstretching its balance sheet, though the recent plateau in equity suggests less headroom for large missteps.

Cash Flow

Cash Flow Cash generation from operations has improved over the five-year span, with one standout year of very strong cash inflows followed by a still healthy, but lower, result most recently. Free cash flow has been positive in most years, with a single year of negative free cash flow driven by heavier investment rather than a collapse in underlying operations. Capital spending was elevated for a couple of years, likely tied to capacity expansion or upgrades, and then eased more recently, which helped free up cash. Overall, the pattern shows a business that can fund its investments from internal cash most of the time, but with some volatility tied to project cycles and working capital swings.

Competitive Edge

Competitive Edge Preformed Line Products operates in a specialized niche of the electrical and communications hardware market, where reliability and safety are critical and customers tend to be conservative about switching suppliers. Its decades-long history, reputation for quality, and deep relationships with utilities and telecom operators form a meaningful competitive shield. The company’s proprietary helical technology and broad catalog make it a go-to provider rather than a simple component vendor, and its global footprint diversifies demand across regions. U.S.-based manufacturing and closer control of the supply chain are advantages in an environment of tariffs and logistics uncertainty. Key risks to its position include exposure to infrastructure spending cycles, raw material costs, and ongoing price competition from lower-cost manufacturers, especially in more commoditized product lines.

Innovation and R&D

Innovation and R&D Innovation at PLPC is anchored in its long-standing helical technology, which has been adapted over decades into a wide family of products for power and communications networks. The company continues to invest in engineering and R&D to refine existing lines like its COYOTE fiber optic systems and grid hardware, and to extend into areas such as renewable energy, smart grid components, and more advanced fiber network solutions. Custom engineering and solution-oriented work with customers deepen its role beyond that of a simple part supplier, which can strengthen margins and stickiness. Recent moves like acquisitions and new manufacturing facilities support both innovation and geographic expansion. The main question for the future is how effectively PLPC can translate this technical base into new high-growth offerings, particularly in fiber, renewables, and grid modernization, while staying ahead of evolving standards and competing technologies.

Summary

Overall, Preformed Line Products looks like a financially disciplined, niche industrial company with a long history, distinctive technology, and steady—though cyclical—earnings power. The income statement shows strong improvement over several years, followed by a pullback from peak conditions rather than a collapse, while the balance sheet and cash flows reflect conservative use of debt and generally self-funded growth. Its competitive position is underpinned by specialized products, reputation, and long-term customer relationships, with clear opportunities tied to fiber expansion, renewable energy infrastructure, and grid modernization. At the same time, results remain sensitive to infrastructure investment cycles, input costs, and global trade dynamics, so future performance will likely continue to fluctuate around an improving long-term trend rather than move in a straight line.

NEWS

October 29, 2025 · 4:15 PM UTC

PREFORMED LINE PRODUCTS ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS

Read more

September 18, 2025 · 4:15 PM UTC

PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

Read more