Quarterly ResultApr 29, 2026, 05:00 PM
PLPC Q1 Net Sales +19% to $176.3M; Diluted EPS $2.14
AI Summary
Preformed Line Products Company reported Q1 2026 net sales of $176.3 million, a 19% increase from Q1 2025, with USA sales growing 26% due to strong demand in energy and communications. Diluted EPS was $2.14, up 24% from Q4 2025, but net income decreased to $10.5 million from $11.5 million in Q1 2025, impacted by increased personnel costs and a $1.3 million tax charge. Gross profit margin improved to 31.3%, up 150 basis points from Q4 2025, despite ongoing tariff and commodity price pressures.
Key Highlights
- Q1 2026 net sales increased 19% to $176.3 million from $148.5 million in Q1 2025.
- Diluted EPS was $2.14, up 24% from Q4 2025, but down from $2.33 in Q1 2025.
- Net income for Q1 2026 was $10.5 million, down from $11.5 million in Q1 2025.
- Gross profit margin was 31.3%, an increase of 150 basis points from Q4 2025.
- USA sales grew 26% from Q1 2025, driven by robust demand in energy and communications.
- Foreign currency translation had a favorable impact of $7.2 million on net sales.
- Income tax expense increased to $3.78 million in Q1 2026 from $2.12 million in Q1 2025.