Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$326, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Electrical industry in the US. Total returns to shareholders of 103% over the past three years. Declared Dividend • Jun 25
First quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 1st July 2026 Payment date: 20th July 2026 Dividend yield will be 0.2%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 12%. Annuncio • Jun 19
Preformed Line Products Announces Quarterly Dividend, Payable on July 1, 2026 The Board of Directors of Preformed Line Products on June 6, 2026, declared a regular quarterly dividend in the amount of $0.21 per share on the Company's common shares, payable July 20, 2026, to shareholders of record at the close of business on July 1, 2026. Notizie in diretta • May 12
Preformed Line Products Q1 Sales Up 19% as Profit Faces Cost and Tax Challenges Q1 2026 net sales were US$176.3m, up 19%, supported by demand in U.S. energy and communications markets across all business segments.
Gross margin improved by 150 basis points sequentially, helped by supply chain changes and pricing, although higher operating expenses, raw material costs, tariffs and a one-off French tax charge weighed on net income and pushed the effective tax rate to 26% from 16%.
The company spent US$10m on capital projects for facilities and engineering, ended the quarter with US$69.5m in cash and available credit, and is pursuing acquisitions such as JAP Telecom, while some holders like CM Management have exited after a 150% stock rally.
The mix of higher sales, better margins and heavier cost and tax pressures points to a business investing for growth while accepting some near-term profit strain.
If you are tracking PLPC, it may be useful to monitor how future quarters balance acquisition spending and capital projects against earnings, especially in light of recent investor profit taking after the strong share price move. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$357, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Electrical industry in the US. Total returns to shareholders of 140% over the past three years. Reported Earnings • Apr 30
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: US$2.15 (down from US$2.34 in 1Q 2025). Revenue: US$176.3m (up 19% from 1Q 2025). Net income: US$10.5m (down 8.6% from 1Q 2025). Profit margin: 6.0% (down from 7.8% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annuncio • Mar 23
Preformed Line Products Company, Annual General Meeting, May 04, 2026 Preformed Line Products Company, Annual General Meeting, May 04, 2026. Location: 660 beta drive, mayfield village, ohio 44143, United States Declared Dividend • Mar 22
Fourth quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 1st April 2026 Payment date: 20th April 2026 Dividend yield will be 0.3%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 12%. Annuncio • Mar 19
Preformed Line Products Announces Quarterly Dividend, Payable on April 20, 2026 The Board of Directors of Preformed Line Products on March 13, 2026, declared a regular quarterly dividend in the amount of $0.21 per share on the Company's common shares, payable April 20, 2026, to shareholders of record at the close of business on April 1, 2026. Reported Earnings • Mar 06
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: US$7.17 (down from US$7.56 in FY 2024). Revenue: US$669.3m (up 13% from FY 2024). Net income: US$35.3m (down 4.9% from FY 2024). Profit margin: 5.3% (down from 6.2% in FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 06
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to US$225. The fair value is estimated to be US$183, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Upcoming Dividend • Dec 30
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 05 January 2026. Payment date: 20 January 2026. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (0.8%). Declared Dividend • Dec 16
Third quarter dividend increased to US$0.21 Dividend of US$0.21 is 5.0% higher than last year. Ex-date: 5th January 2026 Payment date: 20th January 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 10%. Annuncio • Dec 12
Preformed Line Products Announces Quarterly Cash Dividend, Payable on January 20, 2026 The Board of Directors of Preformed Line Products announced that its Board of Directors has approved a 5% increase in the company's quarterly cash dividend. The dividend will rise from $0.20 per share to $0.21 per share, payable on January 20, 2026 to shareholders of record as of January 5, 2026. Buy Or Sell Opportunity • Dec 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to US$220. The fair value is estimated to be US$182, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: US$0.53 (vs US$1.57 in 3Q 2024) Third quarter 2025 results: EPS: US$0.53 (down from US$1.57 in 3Q 2024). Revenue: US$178.1m (up 21% from 3Q 2024). Net income: US$2.63m (down 66% from 3Q 2024). Profit margin: 1.5% (down from 5.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 15
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 57% to US$240. The fair value is estimated to be US$183, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$219, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Electrical industry in the US. Total returns to shareholders of 193% over the past three years. Declared Dividend • Sep 22
Second quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 1st October 2025 Payment date: 20th October 2025 Dividend yield will be 0.4%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 10%. Annuncio • Sep 19
Preformed Line Products Announces Quarterly Dividend, Payable on October 20, 2025 The Board of Directors of Preformed Line Products on September 18, 2025, declared a regular quarterly dividend in the amount of $0.20 per share on the Company's common shares, payable October 20, 2025, to shareholders of record at the close of business on October 1, 2025. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$184, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 33x in the Electrical industry in the US. Total returns to shareholders of 132% over the past three years. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: US$2.58 (vs US$1.91 in 2Q 2024) Second quarter 2025 results: EPS: US$2.58 (up from US$1.91 in 2Q 2024). Revenue: US$169.6m (up 22% from 2Q 2024). Net income: US$12.7m (up 36% from 2Q 2024). Profit margin: 7.5% (up from 6.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Declared Dividend • Jun 23
First quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 1st July 2025 Payment date: 20th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 9%. Annuncio • Jun 19
Preformed Line Products Company Declares Quarterly Dividend, Payable on July 20, 2025 The Board of Directors of Preformed Line Products declared a regular quarterly dividend in the amount of $0.20 per share on the Company's common shares, payable on July 20, 2025 to shareholders of record at the close of business on July 1, 2025. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: US$2.34 (vs US$1.95 in 1Q 2024) First quarter 2025 results: EPS: US$2.34 (up from US$1.95 in 1Q 2024). Revenue: US$148.5m (up 5.4% from 1Q 2024). Net income: US$11.5m (up 20% from 1Q 2024). Profit margin: 7.8% (up from 6.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Annuncio • Mar 24
Preformed Line Products Company, Annual General Meeting, May 13, 2025 Preformed Line Products Company, Annual General Meeting, May 13, 2025. Location: 660 beta drive, mayfield village, ohio, 44143, United States Declared Dividend • Mar 23
Fourth quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 1st April 2025 Payment date: 21st April 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 7%. Annuncio • Mar 20
Preformed Line Products Announces Quarterly Dividend, Payable April 21, 2025 The Board of Directors of Preformed Line Products on March 10, 2025, declared a regular quarterly dividend in the amount of $0.20 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. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to US$152, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 23x in the Electrical industry in the US. Total returns to shareholders of 150% over the past three years. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: US$7.56 (vs US$12.87 in FY 2023) Full year 2024 results: EPS: US$7.56 (down from US$12.87 in FY 2023). Revenue: US$593.7m (down 11% from FY 2023). Net income: US$37.1m (down 41% from FY 2023). Profit margin: 6.2% (down from 9.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$145, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 24x in the Electrical industry in the US. Total returns to shareholders of 145% over the past three years. Recent Insider Transactions Derivative • Jan 07
Chief Executive Officer exercised options and sold US$194k worth of stock On the 2nd of January, Dennis McKenna exercised options to acquire 1k shares at no cost and sold these for an average price of US$131 per share. This trade did not impact their existing holding. For the year to December 2018, Dennis' total compensation was 31% salary and 69% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Dennis has owned 5.89k shares directly. Company insiders have collectively sold US$3.4m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Dec 23
Third quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 7th January 2025 Payment date: 21st January 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 9%. Annuncio • Dec 19
Preformed Line Products Declares Regular Quarterly Dividend on Common Shares, Payable on January 21, 2025 The Board of Directors of Preformed Line Products on December 3, 2024, declared a regular quarterly dividend in the amount of $0.20 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. Annuncio • Nov 25
Preformed Line Products Releases World's First Self-Service Drone Kit for Installing Bird Diverters on Overhead Power Lines Preformed Line Products 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, delivering several key benefits and features: Revolutionary Line Marker Installation: The RAPTOR CLAMP drone Kit is the first of its kind to enable off-the-shelf DJI M300/M 350 drones to install bird diverters--critical wildlife protection devices that increase visibility for birds, helping to prevent collisions with power lines and reduce potential outages. Improved Workplace Safety: The ability to safely and effectively install wildlife protection devices via drone reduces lineworker exposure to potential safety hazards and eliminates the need for traditional installation methods, such as via bucket truck or helicopter. Doubling the Value of Drone Investment: Utilities and contractors gain a second essential use case for M300/M350 drones in their fleet by integrating the RAPTOR CLAMP DroneKit into their existing programs--maximizing the return on investment for drone operators and allowing utilities to perform installations at their convenience. Multiple Diverters Installed Quickly: PLP's Drone Kit is designed to carry and install multiple RAPTOR CLAMP Diverter in a single flight, significantly improving productivity. Quick Change Carriage System: The kit is equipped with a quick-change carriage that allows operators to load diverters quickly and efficiently, minimizing downtime and maximizing throughput. The RAPTOR CLAM Drone Kit represents a leap forward in the management of overhead power lines and wildlife protection efforts, delivering a safer, faster, and more cost-effective method for installing critical line markers while offering utilities the opportunity to enhance their existing drone programs with versatile new capabilities. PLP's new drone kit is currently available for purchase worldwide through the company's extensive global sales and support network. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.57 (vs US$3.08 in 3Q 2023) Third quarter 2024 results: EPS: US$1.57 (down from US$3.08 in 3Q 2023). Revenue: US$147.0m (down 8.4% from 3Q 2023). Net income: US$7.68m (down 49% from 3Q 2023). Profit margin: 5.2% (down from 9.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Sep 23
Second quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 1st October 2024 Payment date: 21st October 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 6%. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$1.91 (vs US$4.14 in 2Q 2023) Second quarter 2024 results: EPS: US$1.91 (down from US$4.14 in 2Q 2023). Revenue: US$138.7m (down 24% from 2Q 2023). Net income: US$9.37m (down 54% from 2Q 2023). Profit margin: 6.8% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year. Declared Dividend • Jun 23
First quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 1st July 2024 Payment date: 19th July 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 7%. Annuncio • Jun 20
Preformed Line Products Declares Regular Quarterly Dividend on its Common Shares, Payable July 19, 2024 The Board of Directors of Preformed Line Products on June 19, 2024, declared a regular quarterly dividend in the amount of $0.20 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. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.95 (vs US$4.33 in 1Q 2023) First quarter 2024 results: EPS: US$1.95 (down from US$4.33 in 1Q 2023). Revenue: US$140.9m (down 23% from 1Q 2023). Net income: US$9.60m (down 55% from 1Q 2023). Profit margin: 6.8% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year. Annuncio • Apr 17
Preformed Line Products Company Launches Aeolus : A Revolutionary Breakthrough in Overhead Power Line Conductor Motion Analysis PLP 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 dynamic forces of real-world conductor motion in near real-time from anywhere in the world. The Aeolus system, aptly named after the "ruler of winds" in Greek mythology, utilizes multiple next-generation, lightweight sensor nodes that are installed on a transmission line span. Once operational, the nodes accurately detect and measure all forms of wind-induced conductor motion, including: Aeolian vibration, Wake-induced oscillations, Galloping, Dynamic response to atmospheric icing, the data collected from these sensor nodes is transferred to a wireless data hub that seamlessly transmits the information to secure cloud servers. A web-based user interface provides clients with immediate access to a continuous stream of live data and analytics from anywhere in the world. After successfully completing multiple field trails in the United States and Europe, Aeolus is officially launching for widespread commercial use this spring, with over 20 projects currently planned for 2024. The system will be on display at PLP's booth during the 2024 IEEE PES T&D Expo in Anaheim and at multiple other industry events throughout the year. Annuncio • Mar 24
Preformed Line Products Company, Annual General Meeting, May 07, 2024 Preformed Line Products Company, Annual General Meeting, May 07, 2024, at 09:30 Eastern Daylight. Location: 660 Beta Drive Mayfield Village Ohio United States Agenda: To elect five directors, each for a term expiring in 2026; to ratify the appointment of Ernst & Young LLP; to vote on shareholder proposal requesting that the Board of Directors prepare a report by January 2025, at reasonable expense and omitting proprietary information, on steps the Company is taking to enhance board diversity; and and to consider any other matters. Declared Dividend • Mar 21
Fourth quarter dividend of US$0.20 announced Dividend of US$0.20 is the same as last year. Ex-date: 1st April 2024 Payment date: 19th April 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 5%. Annuncio • Mar 19
Preformed Line Products Company Declares Regular Quarterly Dividend, Payable April 19, 2024 Preformed Line Products Company on March 15, 2024, declared a regular quarterly dividend of $0.20 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. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: US$12.87 (vs US$11.03 in FY 2022) Full year 2023 results: EPS: US$12.87 (up from US$11.03 in FY 2022). Revenue: US$669.7m (up 5.1% from FY 2022). Net income: US$63.3m (up 16% from FY 2022). Profit margin: 9.5% (up from 8.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Feb 10
Executive Chairman exercised options and sold US$1.5m worth of stock On the 7th of February, Robert Ruhlman exercised options to acquire 12k shares at no cost and sold these for an average price of US$126 per share. This trade did not impact their existing holding. Since March 2023, Robert's direct individual holding has decreased from 295.06k shares to 286.04k. Company insiders have collectively sold US$4.1m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jan 06
Chief Executive Officer exercised options and sold US$150k worth of stock On the 2nd of January, Dennis McKenna exercised options to acquire 1k shares at no cost and sold these for an average price of US$131 per share. This trade did not impact their existing holding. For the year to December 2017, Dennis' total compensation was 32% salary and 68% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Dennis' direct individual holding has decreased from 6.50k shares to 1.99k. Company insiders have collectively sold US$4.4m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Dec 28
Upcoming dividend of US$0.20 per share at 0.6% yield Eligible shareholders must have bought the stock before 04 January 2024. Payment date: 19 January 2024. Payout ratio is a comfortable 5.4% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (2.2%). Annuncio • Dec 22
Preformed Line Products Company Announces Quarterly Dividend, Payable on January 19, 2024 The Board of Directors of Preformed Line Products Company on December 13, 2023, declared a regular quarterly dividend in the amount of $0.20 per share on the Company's common shares, payable on January 19, 2024, to shareholders of record at the close of business on January 5, 2024. Annuncio • Nov 24
Preformed Line Products Company Announces Chief Executive Officer Changes Preformed Line Products Company 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. Mr. McKenna, age 56, has been employed by the Company since April 1993 and has worked in various roles in Marketing and International Operations. He was promoted, in December 2019, to Chief Operating Officer where he was responsible for Sales, Operations and Business Development in the US, Americas and EMEA regions. Prior to that, he was Executive Vice President, which included responsibilities for Global Business Development, from January 2018 to December 2019. As Chief Executive Officer, Mr. McKenna’s responsibilities will expand to include the responsibility for all Sales and Operations worldwide. As CEO, Dennis will help lead a company that has experienced multiple years of consistent growth and will focus on continuing to expand the company’s global sales, engineering and manufacturing capabilities. Earlier this year, in May, J. Ryan Ruhlman was named President of the company and will concentrate on driving PLP’s business development objectives, marketing strategies and people-centric goals. Annuncio • Nov 23
Preformed Line Products Company Appoints Robert G. Ruhlman as Executive Chairman, Effective January 1, 2024 Preformed Line Products Company announced that Robert G. Ruhlman, the Company’s current Chairman of the Board and Chief Executive Officer, has been appointed as Executive Chairman of the Company and will no longer serve in the capacity of Chief Executive Officer, effective January 1, 2024. Mr. Ruhlman has served as the Company’s CEO since 2001. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$3.08 (vs US$2.41 in 3Q 2022) Third quarter 2023 results: EPS: US$3.08 (up from US$2.41 in 3Q 2022). Revenue: US$160.4m (down 3.0% from 3Q 2022). Net income: US$15.1m (up 27% from 3Q 2022). Profit margin: 9.4% (up from 7.2% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 21
Preformed Line Products Declares Regular Quarterly Dividend on the Company's Common Shares, Payable October 20, 2023 The Board of Directors of Preformed Line Products on September 20, 2023, declared a regular quarterly dividend in the amount of $0.20 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. Annuncio • Aug 17
Preformed Line Products Launches New Fiber Connectivity Solutions That Support Commercial Broadband Infrastructure Needs Preformed Line Products announced that it is expanding its COYOTE®? Fiber Optics product line with a range of new solutions that will further support ongoing broadband infrastructure construction and maintenance projects by the world's leading service providers. These innovative fiber network solutions will be displayed at PLP's booth along with live demonstrations of their capabilities during this year's Fiber Connect convention in Orlando, ISE Expo in Kansas City, and SCTE Cable-Tec Expo in Denver. PLP's new fiber connectivity solutions include: COYOTE®? Pedestal: PLP is taking its decades-long experience developing precision-engineered fiber optic splicing solutions to the telecommunications pedestal market with the new COYOTE Pedestal. This US-made fiberestal is constructed from a high-strength polycarbonate UV/FR-grade material, incorporates a split base design, and supports various internal configurations, including hard splicing, internal connectivity (SC andLC), hardened terminals (MSTs), and PLP's PedBox®? - an outdoor-rated distribution splice box specifically designed for pedestal applications. The initial 8" pedestal design will be available in Fourth Quarter 2023, with 6" and 10" versions launching in 2024. COYOTE®? STP Pro Series: Utilizing a similar design to PLP's widely successful COYOTE STP closure, the new STP Pro Series includes a range of compact drop distribution options that further strengthens PLP's position as the leading provider of high-quality closures featuring maximum adaptability. The new STP Pro Series easily accommodates diverse splicing and connectivity requirements with four interchangeable organizers, multiple cover options, and a universal cable restraint system that works across the entire Pro platform. COYOTE®?STP-L: Single chamber design with four different base options to provide ultimate flexibility for feeder and drop applications. COYOTE®? StP-XL: Dual chamber design with two different base options, each providing independent access to the splice/slack storage chamber and drop chamber. COYOTE®? stP-XXL: Similar design to the STP-XL with additional express storage capabilities and the ability to handle larger diameter cables. COYOTE 9.5" Universal Organizers: Expanding on PLP's Universal Organizer platform that was released in 2022 for the COYOTE ONE and 6.5" Dome Closures, the new US-made Universal Organizers for COYOTE 9.5' Dome Closures reduces complexity for distributors and end users by offering a flexible design that readily accepts a wide variety of cable and splice tray types. COYOTE®? DEN: An indoor/outdoor-rated splice box for MDU applications that is available in three sizes (DEN2, DEN3, DEN5). The COYOTE DEN easily accommodates up to 144-count splice applications or up to 48 SC /96 LC splice and patch applications. The COYOTE DEN5 also incorporates PLP's first design for a fiber cassette. Recent Insider Transactions Derivative • Aug 10
Chief Financial Officer exercised options to buy US$798k worth of stock. On the 8th of August, Andrew Klaus exercised options to buy 5k shares at a strike price of around US$47.24, costing a total of US$236k. This transaction amounted to 53% of their direct individual holding at the time of the trade. Since March 2023, Andrew's direct individual holding has increased from 11.57k shares to 13.80k. Company insiders have collectively sold US$3.3m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$4.14 (vs US$2.78 in 2Q 2022) Second quarter 2023 results: EPS: US$4.14 (up from US$2.78 in 2Q 2022). Revenue: US$181.8m (up 11% from 2Q 2022). Net income: US$20.5m (up 49% from 2Q 2022). Profit margin: 11% (up from 8.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jun 21
Preformed Line Products Company Declares Regular Quarterly Dividend, Payable on July 20, 2023 The Board of Directors of Preformed Line Products Company on June 13, 2023, declared a regular quarterly dividend in the amount of $0.20 per share on the Company's common shares, payable July 20, 2023, to shareholders of record at the close of business on July 3, 2023. New Risk • Jun 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$534k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions Derivative • Jun 10
Vice President of Human Resources exercised options and sold US$224k worth of stock On the 6th of June, Timothy O’Shaughnessy exercised 3k options at a strike price of around US$61.39 and sold these shares for an average price of US$151 per share. This trade did not impact their existing holding. Since September 2022, Timothy's direct individual holding has increased from 1.78k shares to 3.65k. Company insiders have collectively sold US$3.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • May 20
Independent Director notifies of intention to sell stock Michael Gibbons intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of May. If the sale is conducted around the recent share price of US$153, it would amount to US$558k. Since June 2022, Michael's direct individual holding has increased from 7.40k shares to 8.27k. Company insiders have collectively sold US$2.8m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 05
Full year 2022 earnings released: EPS: US$11.03 (vs US$7.28 in FY 2021) Full year 2022 results: EPS: US$11.03 (up from US$7.28 in FY 2021). Revenue: US$637.0m (up 23% from FY 2021). Net income: US$54.4m (up 52% from FY 2021). Profit margin: 8.5% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$150, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 18x in the Electrical industry in the US. Total returns to shareholders of 217% over the past three years. Recent Insider Transactions Derivative • Mar 21
Vice President of Human Resources exercised options and sold US$103k worth of stock On the 15th of March, Timothy O’Shaughnessy exercised 3k options at a strike price of around US$61.39 and sold these shares for an average price of US$103 per share. This trade did not impact their existing holding. Since September 2022, Timothy's direct individual holding has increased from 1.78k shares to 3.65k. Company insiders have collectively sold US$2.8m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$11.03 (vs US$7.28 in FY 2021) Full year 2022 results: EPS: US$11.03 (up from US$7.28 in FY 2021). Revenue: US$637.0m (up 23% from FY 2021). Net income: US$54.4m (up 52% from FY 2021). Profit margin: 8.5% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$108, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 21x in the Electrical industry in the US. Total returns to shareholders of 146% over the past three years. Recent Insider Transactions Derivative • Feb 12
Chairman exercised options and sold US$1.3m worth of stock On the 8th of February, Robert Ruhlman exercised options to acquire 15k shares at no cost and sold these for an average price of US$86.66 per share. This trade did not impact their existing holding. For the year to December 2016, Robert's total compensation was 19% salary and 81% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2022, Robert's direct individual holding has increased from 226.78k shares to 265.95k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Annuncio • Feb 03
Preformed Line Products Company (NasdaqGS:PLPC) completed the acquisition of Substantially All Of The Assets Of Pilot Plastics, Inc. Preformed Line Products Company (NasdaqGS:PLPC) agreed to acquire Substantially All Of The Assets Of Pilot Plastics, Inc. on February 1, 2023. Preformed Line Products Company plans to gradually transition product line manufacturing and additional capacity to Pilot throughout the year. In a related transaction, Preformed Line Products acquired land and building from Jendrisak Properties, LLC, which was used Pilot’s operations.
Preformed Line Products Company (NasdaqGS:PLPC) completed the acquisition of Substantially All Of The Assets Of Pilot Plastics, Inc. on February 2, 2023. Upcoming Dividend • Dec 29
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 25 January 2023. Payout ratio is a comfortable 8.4% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.7%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Director David Sunkle was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$2.41 (vs US$2.19 in 3Q 2021) Third quarter 2022 results: EPS: US$2.41 (up from US$2.19 in 3Q 2021). Revenue: US$165.4m (up 22% from 3Q 2021). Net income: US$11.9m (up 11% from 3Q 2021). Profit margin: 7.2% (down from 7.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 23
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 30 September 2022. Payment date: 20 October 2022. Payout ratio is a comfortable 8.6% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.9%).