PLPC earnings analysis
What we found in PLPC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Preformed Line Products (PLPC) reported Q1 2026 results showing strong revenue growth of 19% year-over-year to $176.3 million, although EPS increased by a modest 24% from Q4 2025 to $2.14. Despite these results, net income declined slightly to $10.5 million, impacted by rising expenses, primarily from higher personnel costs and taxes.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong YoY Revenue Growth
- Net sales grew by $27.7 million, or 19%, from $148.5 million in Q1 2025 to $176.3 million in Q1 2026.
- Higher EPS Beats Expectations
- Diluted EPS increased to $2.14, exceeding estimates by 17.6%.
- Increased USA Segment Sales
- Sales in the USA segment surged by 26% to $93.3 million, contributing significantly to overall growth.
- Gross Profit Improvement
- Gross profit rose to $55.2 million, a 14% increase compared to Q1 2025, despite rising costs.
- Operating Cash Flow Increased
- Operating cash flow was $6.0 million in Q1 2026, up from $5.7 million in Q1 2025.
- Solid Liquidity Position Maintained
- Cash and equivalents totaled $69.5 million, supporting operational flexibility.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decreased Net Income
- Net income fell to $10.5 million from $11.6 million in Q1 2025, reflecting rising costs and tax expenses.
- Increased Production Costs
- Cost of goods sold rose $21.2 million, leading to pressure on gross and operating margins.
- Higher Effective Tax Rate
- Effective tax rate increased to 26%, up from 16%, impacting net income.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $2.14
- Gross margin
- 31.3%
- Operating margin
- 7.8%
- Segment
- PLP-USA
- Segment
- The Americas
- Segment
- EMEA
- Segment
- Asia-Pacific
What they said about what is next.
No specific forward guidance provided.
The filing reads about the same as the one before it.
What came before.
- 10-K · March 5, 2026
- Preformed Line Products (PLPC) reported a stronger top-line year with implied 2025 revenue of $670.0M (sum of quarterly revenues) and an order backlog of $232.8M at 12/31/2025. The company emphasizes a…
- 10-Q · May 2, 2025
- Preformed Line Products reported quarterly net sales of $148,541,000 (up $7,637,000 or 5.4% YoY from $140,904,000) with gross profit rising to $48,671,000 and diluted EPS increasing to $2.33 from $1.94 in the prior-year…
- 10-Q · August 1, 2024
- Preformed Line Products reported Q2 net sales of $138,720,000, down from $181,813,000 in Q2 2023, with operating income falling to $11,292,000 and diluted EPS to $1.89. The quarter showed meaningful margin compression…
- 10-Q · May 2, 2024
- Preformed Line Products Company (PLPC) reported a decline in revenues and profitability for the first quarter of 2024, reflecting challenges such as reduced sales and increased costs. Net income fell to $9.6 million,…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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