PREFORMED LINE PRODUCTS CO SEC 10-Q Report

PREFORMED LINE PRODUCTS CO, a leading manufacturer in the energy and communications sectors, has released its Q3 2025 10-Q report. The report highlights significant financial and operational achievements, including robust sales growth, strategic acquisitions, and investments in new production facilities. Despite a notable pension termination charge impacting net income, the company has demonstrated strong performance across various segments and regions.

Financial Highlights

• Net Sales: $178.1 million, an increase of $31.1 million or 21% compared to 2024, driven by higher volumes in energy and communications sales.
• Gross Profit: $52.8 million, an increase of $7.1 million or 15% compared to 2024, primarily due to higher sales volumes and a favorable product mix.
• Operating Income: $13.1 million, an increase of $2.7 million or 26% compared to 2024, reflecting improved sales performance.
• Net Income: $2.6 million, a decrease of $5.1 million compared to 2024, impacted by an $11.7 million pension termination charge.
• Basic Earnings Per Share: $0.53, decreased from $1.57 in 2024, reflecting the impact of the pension termination charge.
• Diluted Earnings Per Share: $0.53, decreased from $1.54 in 2024, due to the same factors affecting basic earnings per share.

Business Highlights

• Revenue Segments: The company reported a significant increase in net sales across its segments, with PLP-USA seeing a 23% rise primarily due to higher volumes in energy and communications sales. The Americas segment experienced a 47% increase, driven by energy product sales and the acquisition of JAP Telecom. EMEA and Asia-Pacific segments also saw growth, with increases of 9% and 5%, respectively, attributed to higher volumes in energy and special industry sales.
• Geographical Performance: The Americas segment showed robust growth, largely due to increased energy product sales and the acquisition of JAP Telecom. EMEA's growth was driven by higher energy and special industry sales, while Asia-Pacific's performance was bolstered by increased sales in special industries.
• New Product Launches: The acquisition of JAP Telecom in May 2025 expanded the company's product offerings in the South American telecommunications market, adding fiber optic splice closures and connectivity devices to its portfolio.
• New Production Launches: The company is investing in new facilities, particularly in the EMEA region, with significant capital expenditures aimed at expanding manufacturing capabilities.
• Future Outlook: The company remains focused on leveraging its U.S. manufacturing footprint to navigate the high tariff environment and is strategically positioned to manage costs and increase sales volume. It plans to continue investing in new markets, strategic mergers and acquisitions, and capacity expansion to drive future growth.

SEC Filing: PREFORMED LINE PRODUCTS CO [ PLPC ] - 10-Q - Oct. 30, 2025