PREFORMED LINE PRODUCTS CO
Business
Preformed Line Products Company is an international designer and manufacturer of products and systems for the construction and maintenance of overhead, ground-mounted, and underground networks for energy, telecommunications, cable, data, and related industries. The company offers formed wire solutions, connectors, fiber optic and copper splice closures, solar hardware, and EV charging foundations through three reportable segments: Energy Products, Communications Products, and Special Industries Products. It serves utilities, communication companies, cable operators, contractors, distributors, and government agencies globally through strategically located domestic and international manufacturing facilities.
Summary from 10-K filed 2026-03-05
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 669 | 594 | 670 | 637 | 517 | |
| Cost of products sold | 461 | 404 | 435 | 422 | 351 | |
| GROSS PROFIT | 209 | 190 | 235 | 215 | 166 | |
| Selling | 52 | 49 | 51 | 46 | 41 | |
| General and administrative | 75 | 67 | 75 | 70 | 55 | |
| Research and engineering | 24 | 22 | 22 | 20 | 19 | |
| Other operating expense, net | 3 | 932,000 | 2 | 4 | 4 | |
| Total costs and expenses | 153 | 139 | 151 | 146 | 119 | |
| OPERATING INCOME | 55 | 51 | 84 | 69 | 48 | |
| Interest income | 2 | 3 | 2 | 631,000 | 169,000 | |
| Interest expense | −1 | −2 | −4 | −3 | — | |
| Pension termination expense | −12 | 0 | 0 | — | — | |
| Other income (expense), net | 1 | −339,000 | 284,000 | 7 | 3 | |
| Total other income (expense) | −10 | 13,000 | −2 | 4 | 1 | |
| INCOME BEFORE INCOME TAXES | 46 | 51 | 82 | 74 | 49 | |
| Income tax expense | 10 | 14 | 19 | 19 | 13 | |
| NET INCOME | 35 | 37 | 63 | 54 | 36 | |
| Net income attributable to noncontrolling interests | −24,000 | −17,000 | −5,000 | −4,000 | 8,000 | |
| NET INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS | 35 | 37 | 63 | 54 | 36 | |
| Basic (in shares) | 5 | 5 | 5 | 5 | 5 | |
| Diluted (in shares) | 5 | 5 | 5 | 5 | 5 | |
| Basic (in dollars per share) | 7.17 | 7.56 | 12.87 | 11.03 | 7.28 | |
| Diluted (in dollars per share) | 7.14 | 7.5 | 12.68 | 10.88 | 7.19 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | 83 | 57 | 54 | 37 | 36 | |
| Accounts receivable, net | 113 | 111 | 107 | 125 | 98 | |
| Inventories, net | 149 | 130 | 149 | 147 | 115 | |
| Prepaid expenses | 13 | 12 | 8 | 13 | 20 | |
| Other current assets | 5 | 6 | 7 | 5 | 3 | |
| TOTAL CURRENT ASSETS | 363 | 316 | 325 | 328 | 272 | |
| Property, plant and equipment, net | 223 | 195 | 208 | 175 | 150 | |
| Operating lease, right-of-use assets | 10 | 10 | 12 | 11 | 12 | |
| Goodwill | 31 | 27 | 29 | 28 | 28 | |
| Other intangible assets, net | 10 | 10 | 13 | 14 | 12 | |
| Deferred income taxes | 7 | 7 | 7 | 5 | 4 | |
| Other assets | 9 | 10 | 9 | 7 | 11 | |
| TOTAL ASSETS | 654 | 574 | 603 | 568 | 489 | |
| Trade accounts payable | 50 | 42 | 38 | 47 | 42 | |
| Notes payable to banks | 1 | 8 | 7 | 18 | 16 | |
| Operating lease liabilities, current | 2 | 2 | 2 | 2 | 2 | |
| Current portion of long-term debt | 5 | 2 | 6 | 3 | 3 | |
| Accrued compensation and other benefits | 29 | 26 | 28 | 15 | 14 | |
| Accrued expenses and other liabilities | 22 | 26 | 27 | 18 | 18 | |
| Dividends payable | 1 | 1 | 1 | 1 | 1 | |
| Income taxes payable | 4 | 2 | 2 | 2 | 1 | |
| TOTAL CURRENT LIABILITIES | 115 | 108 | 111 | 115 | 106 | |
| Long-term debt, less current portion | 33 | 18 | 49 | 68 | 40 | |
| Operating lease liabilities, noncurrent | 6 | 7 | 8 | 7 | 8 | |
| Deferred income taxes | 6 | 4 | 4 | 4 | 3 | |
| Other noncurrent liabilities | 19 | 14 | 15 | 15 | 13 | |
| Common shares $2 par value per share, 15,000,000 shares authorized, 4,907,787 and 4,913,621 issued and outstanding, at December 31, 2025 and December 31, 2024, respectively | 14 | 14 | 14 | 13 | 13 | |
| Common shares issued to rabbi trust, 222,506 and 222,887 shares at December 31, 2025 and December 31, 2024, respectively | −10 | −10 | −10 | −10 | −10 | |
| Deferred compensation liability | 10 | 10 | 10 | 10 | 10 | |
| Paid-in capital | 67 | 65 | 61 | 54 | 48 | |
| Retained earnings | 584 | 553 | 520 | 461 | 411 | |
| Treasury shares, at cost, 2,021,940 and 1,961,772 shares at December 31, 2025 and December 31, 2024, respectively | −137 | −127 | −118 | −99 | −94 | |
| Accumulated other comprehensive loss | −53 | −83 | −60 | −70 | −62 | |
| TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY | 476 | 422 | 416 | 359 | 316 | |
| Noncontrolling interest | 33,000 | 9,000 | −8,000 | −13,000 | −17,000 | |
| TOTAL SHAREHOLDERS' EQUITY | 476 | 422 | 416 | 359 | 316 | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 654 | 574 | 603 | 568 | 489 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 23 | 21 | 19 | 16 | 16 | |
| Provision for accounts receivable allowances | −119,000 | −875,000 | 3 | 2 | — | |
| Provision for inventory reserves | 3 | 4 | 8 | 2 | 3 | |
| Deferred income taxes | −1 | 1 | −2 | −3 | 7 | |
| Share-based compensation expense | 5 | 3 | 5 | 5 | 4 | |
| Loss (gain) on sale of property and equipment | 8,000 | −2 | −2 | −775,000 | −184,000 | |
| Other, net | 413,000 | 828,000 | 435,000 | 92,000 | 656,000 | |
| Accounts receivable | 7 | −9 | 17 | −28 | −12 | |
| Inventories | −12 | 7 | −5 | −37 | −24 | |
| Prepaid expenses | 4 | −4 | 6 | 5 | −3 | |
| Trade accounts payable and accrued liabilities | 10,000 | 9 | 2 | 7 | 12 | |
| Accrued income and other taxes | −1 | 590,000 | −937,000 | 2 | −4 | |
| Contributions to company pension plan | −3 | 0 | −2 | −2 | 0 | |
| Other, net | 1 | −938,000 | −5 | −247,000 | −3 | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 73 | 67 | 108 | 26 | 34 | |
| Capital expenditures | −40 | −15 | −35 | −41 | −18 | |
| Proceeds from the sale of property and equipment | 273,000 | 3 | 3 | 3 | 141,000 | |
| Proceeds from sale of investments | 2 | 2 | 0 | 0 | — | |
| Purchases of investments | −451,000 | −3 | 0 | 0 | — | |
| Acquisition of businesses, net of cash | −5 | 0 | −12 | −16 | 0 | |
| NET CASH USED IN INVESTING ACTIVITIES | −43 | −12 | −45 | −47 | −18 | |
| (Payments) proceeds of notes payable to banks | −7 | 860,000 | −11 | 2 | 376,000 | |
| Proceeds from long-term debt | 22 | 96 | 169 | 185 | 99 | |
| Payments of long-term debt | −7 | −130 | −186 | −156 | −114 | |
| Dividends paid | −4 | −4 | −4 | −4 | −4 | |
| Proceeds from issuance of common shares | 2 | 214,000 | 2 | 808,000 | 409,000 | |
| Stock incentive plan payments | −5 | 0 | 0 | — | — | |
| Purchase of common shares for treasury | −1 | −226,000 | −728,000 | −158,000 | −177,000 | |
| Purchase of common shares for treasury from related parties | −9 | −8 | −18 | −5 | −5 | |
| Other | −1 | −2 | 0 | 0 | — | |
| NET CASH USED IN FINANCING ACTIVITIES | −9 | −48 | −49 | 23 | −23 | |
| Effects of exchange rate changes on cash, cash equivalents and restricted cash | 5 | −4 | 2 | −1 | — | |
| Net increase in cash, cash equivalents and restricted cash | 26 | 4 | 16 | 833,000 | −9 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is PREFORMED LINE PRODUCTS CO's CIK number?
PREFORMED LINE PRODUCTS CO's SEC CIK number is 0000080035 (80035). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find PREFORMED LINE PRODUCTS CO's SEC filings?
All of PREFORMED LINE PRODUCTS CO's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did PREFORMED LINE PRODUCTS CO last report earnings?
PREFORMED LINE PRODUCTS CO (PLPC) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000080035-26-000015). This is PREFORMED LINE PRODUCTS CO's most recent earnings filing of record — not a forecast of its next earnings date.
What is PREFORMED LINE PRODUCTS CO's most recent earnings 8-K?
PREFORMED LINE PRODUCTS CO's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0000080035-26-000015. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View PREFORMED LINE PRODUCTS CO's latest earnings 8-K →
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