Recent Updates — PLPC

Preformed Line Products Company announced that Glenn E. Corlett retired from the Board of Directors effective October 28, 2026. Mr. Corlett served as a director since 2004 and previously chaired the Compensation Committee and served on the Audit Committee. To address the resulting vacancy, the Board reduced its size to seven directors and appointed current board member R. Steven Kestner to the Audit Committee. The company operates in the telecommunications infrastructure industry, manufacturing and distributing products for utility networks.

Preformed Line Products Company reported third-quarter 2026 financial results with quarterly net sales of $209.5 million, an 18% increase from the prior year period. Quarterly gross profit margin expanded to 33.4%, up 370 basis points year-over-year. Diluted earnings per share reached $3.56, a significant rise from $0.53 in Q3 2025; adjusted for one-time pension termination charges incurred last year, EPS grew approximately 70%. Operating cash flow increased 95% compared to the same quarter last year. The company operates in the energy and communications sectors, providing precision-engineered solutions for network infrastructure.

Preformed Line Products Company reported record financial results for the second quarter ended June 30, 2026. Net sales reached $212.7 million, a 25% increase from Q2 2025 and 21% from Q1 2026. Diluted earnings per share were $4.49, up 75% year-over-year. Gross profit margin improved to 34.3%, reflecting favorable product mix and pricing strategies despite tariff headwinds. The company also announced the acquisition of Delta Star Conetores Electricos Ltda in Brazil during May 2026. Preformed Line Products Company manufactures precision-engineered solutions for energy and communications networks.

On July 21, 2026, PLP Canada LTD, a subsidiary of Preformed Line Products Company, acquired a facility and land for approximately CAD 23.5 million ($16.7 million). The transaction was completed using cash on hand and will be accounted for as an asset acquisition to increase manufacturing capacity and support growth. Preformed Line Products Company manufactures products for the telecommunications, utility, and infrastructure markets.