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Preformed Line Products (PLPC)

Founded in 1947, Preformed Line Products is a leading designer, manufacturer, and supplier of products and services used to construct and maintain overhead and underground networks. The company operates in several critical infrastructure industries, including electric power, telecommunications, broadband, and renewable energy, among others. Headquartered in Cleveland, Ohio, PLP has two domestic manufacturing facilities, eighteen foreign subsidiaries, and a global network of more than 3,000 employees.

Company profile

Ticker
PLPC
Exchange
NASDAQ
Website
www.preformed.com
CEO
Robert Ruhlman
Employees
Incorporated
Ohio
Location
Ohio
Fiscal year end
Dec 31
Sector
Manufacturing > Optical Instrument and Lens Manufacturing
Industry (SIC)
Water, Sewer, Pipeline, Comm & Power Line Construction
Mastec • Dycom Industries • Primoris Services • MYR • Energy Services of America • Goldfield • Aegion • QualTek Services ...
SEC CIK
0000080035
Corporate docs
Subsidiaries
PLP Argentina SRL • Preformed Line Products (Australia) Pty Ltd. • Sydney, Australia • SubCon Electrical Fittings GmbH • PLP-Produtos Para Linhas Preformados Ltda. • Preformed Line Products (Canada) Ltd. • Cambridge, Ontario, Canada • Helix Uniformed Ltd. • Lachine, Quebec, Canada • Beijing PLP Conductor Line Products Co., Ltd. ...
IRS number
340676895

PLPC stock data

News

From Benzinga Pro
Preformed Line Products Q2 EPS $2.77 Up From $1.80 YoY, Sales $163.47M Up From $133.04M YoY
4 Aug 22
Preformed Line Products (NASDAQ:PLPC) reported quarterly earnings of $2.77 per share. This is a 53.89 percent increase over earnings of $1.80 per share from the same period last year. The company reported $163.47

Press releases

From Benzinga Pro
PREFORMED LINE PRODUCTS ANNOUNCES SECOND QUARTER AND FIRST HALF 2022 FINANCIAL RESULTS
4 Aug 22
CLEVELAND, Aug. 4, 2022 /PRNewswire/ -- Preformed Line Products Company (NASDAQ:PLPC) today reported financial results for its second quarter ended June 30, 2022.
PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND
17 Jun 22
CLEVELAND, June 17, 2022 /PRNewswire/ -- The Board of Directors of Preformed Line Products (NASDAQ:PLPC) on June 15, 2022, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common

Calendar

5 Aug 22
19 Aug 22
31 Dec 22

Financial summary

Financial statements Chart PLPC financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 30.1M 30.1M 30.1M 30.1M 30.1M 30.1M
Cash burn (monthly) 1.51M 279.25K (no burn) (no burn) 334K (no burn)
Cash used (since last report) 2.54M 469.28K n/a n/a 561.29K n/a
Cash remaining 27.57M 29.63M n/a n/a 29.54M n/a
Runway (months of cash) 18.3 106.1 n/a n/a 88.4 n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

PLPC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jul 22 Gibbons Michael E Common shares, $2 par value Buy Acquire P No No 61.0539 24 1.47K 7,422
28 Jun 22 Gibbons Michael E Common shares, $2 par value Grant Acquire A Yes No 62 303 18.79K 12,760
28 Jun 22 Kestner R. Steven Common shares, $2 par value Grant Acquire A Yes No 62 181 11.22K 1,190
21 Apr 22 Gibbons Michael E Common shares, $2 par value Buy Acquire P No No 63.42 23 1.46K 7,398
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

PLPC institutional ownership history Ownership history
58.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 81 78 +3.8%
Opened positions 11 12 -8.3%
Closed positions 8 3 +166.7%
Increased positions 21 19 +10.5%
Reduced positions 32 27 +18.5%
13F shares Current Prev Q Change
Total value 215.81M 129.09M +67.2%
Total shares 2.91M 2.85M +2.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
P Ruhlman Revocable Trust dated 9/21/16 Barbara 810.4K $0 0.0%
Dimensional Fund Advisors 347.6K $21.38M +2.5%
Royce & Associates 256.12K $15.75M +19.1%
Keybank National Association 200.23K $12.31M 0.0%
BLK Blackrock 169.8K $10.44M -4.5%
HighTower Advisors 158.77K $9.76M 0.0%
Renaissance Technologies 65.9K $4.05M -0.9%
Hotchkis & Wiley Capital Management 64.85K $3.99M -6.9%
LSV Asset Management 63.85K $3.93M -0.3%
STT State Street 58.34K $3.6M +4.7%
Largest transactions Shares Bought/sold Change
Royce & Associates 256.12K +41.05K +19.1%
Acadian Asset Management 17.31K +13.18K +318.8%
Jacobs Levy Equity Management 28.51K +11.52K +67.8%
Walthausen & Co. 22.1K -11.13K -33.5%
Vanguard 46.48K -10.55K -18.5%
CM Management 28K +10K +55.6%
Dimensional Fund Advisors 347.6K +8.44K +2.5%
BLK Blackrock 169.8K -7.94K -4.5%
Two Sigma Advisers 12K +7.2K +150.0%
Oberweis Asset Management 0 -7K EXIT
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Corning • Tyco Electronics

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: adequate, assisting, broad, China, CONTINGENT, macroeconomic, ordinary, overdraft, priority, provision, slight, streamline
Removed: April, audited, August, behalf, building, correlation, derived, developed, disruption, inactive, indirectly, Indonesian, participant, principally, quarter, reduced, reduction, reflect, shift, translating, unadjusted, Zealand
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
5 Aug 22
10-Q
2022 Q1
Quarterly report
6 May 22
10-K
2021 FY
Annual report
4 Mar 22
10-Q
2021 Q3
Quarterly report
29 Oct 21
10-Q
2021 Q2
Quarterly report
30 Jul 21
10-Q
2021 Q1
Quarterly report
30 Apr 21
10-K
2020 FY
Annual report
5 Mar 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
1 May 20
Current reports
View all
8-K
Preformed Line Products Announces Second Quarter and First Half 2022 Financial Results
4 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
10 May 22
8-K
Preformed Line Products Announces First Quarter 2022 Financial Results
5 May 22
8-K
Preformed Line Products Announces Fourth Quarter and Full Year 2021 Financial Results
3 Mar 22
8-K
PLP Announces Acquisition of Maxxweld Conectores Elétricos Ltda
12 Jan 22
8-K
Preformed Line Products Announces Third Quarter And First Nine Months Of 2021 Financial Results
28 Oct 21
8-K
Preformed Line Products Announces Second Quarter And First Half 2021 Financial Results
29 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
4 May 21
8-K
Results of Operations and Financial Condition
29 Apr 21
8-K
Preformed Line Products Announces Results For The Fourth Quarter And Full Year 2020
5 Mar 21
Registration and prospectus
S-8
Registration of securities for employees
3 Nov 16
S-8
Registration of securities for employees
5 May 11
S-8
Registration of securities for employees
28 Aug 08
S-8
Registration of securities for employees
18 Nov 01
S-8
Registration of securities for employees
18 Nov 01
10-12G
Registration of securities
29 Apr 01
Proxies
View all
DEF 14A
Definitive proxy
25 Mar 22
DEF 14A
Definitive proxy
26 Mar 21
DEFA14A
Additional proxy soliciting materials
13 Apr 20
DEF 14A
Definitive proxy
26 Mar 20
DEF 14A
Definitive proxy
29 Mar 19
DEF 14A
Definitive proxy
15 Mar 18
DEF 14A
Definitive proxy
16 Mar 17
DEF 14A
Definitive proxy
16 Mar 16
PRE 14A
Preliminary proxy
6 Mar 16
DEF 14A
Definitive proxy
11 Mar 15
Other
View all
SD
Conflict minerals disclosure
21 May 21
SD
Conflict minerals disclosure
27 May 20
SD
Conflict minerals disclosure
20 May 19
SD
Conflict minerals disclosure
25 May 18
SD
Conflict minerals disclosure
1 Jun 17
SD
Conflict minerals disclosure
25 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
13 Aug 13
CORRESP
Correspondence with SEC
12 Aug 13
Ownership
View all
SC 13D/A
PREFORMED LINE PRODUCTS / Barbara P Ruhlman Revocable Trust dated 9/21/16 ownership change
2 Aug 22
3
PREFORMED LINE PRODUCTS / Katherine E. Wensink ownership change
2 Aug 22
4
PREFORMED LINE PRODUCTS / MICHAEL E GIBBONS ownership change
25 Jul 22
4
PREFORMED LINE PRODUCTS / R. Steven Kestner ownership change
29 Jun 22
4
PREFORMED LINE PRODUCTS / MICHAEL E GIBBONS ownership change
29 Jun 22
4
PREFORMED LINE PRODUCTS / MICHAEL E GIBBONS ownership change
22 Apr 22
4
PREFORMED LINE PRODUCTS / MICHAEL E GIBBONS ownership change
30 Mar 22
4
PREFORMED LINE PRODUCTS / R. Steven Kestner ownership change
30 Mar 22
4
PREFORMED LINE PRODUCTS / Jon Ryan Ruhlman ownership change
15 Feb 22
SC 13G/A
PREFORMED LINE PRODUCTS / DIMENSIONAL FUND ADVISORS ownership change
7 Feb 22

Patents

View all
Utility
Terminal Closure
18 Aug 22
A terminal closure to enclose a drop connection.
Utility
Articulating Tension Adjustment Device
23 Jun 22
An articulating-tension washer and an articulating-tension arrangement, which includes the washer, for tensioning against and articulation relative to an anchor point.
Utility
Photovoltaic Panel Cable Mount Arrangement
23 Jun 22
A mount system for a supporting a plurality of photovoltaic panels includes a plurality of stanchions.
Utility
Mounting System for Mounting a Photovoltaic Panel
23 Jun 22
A mounting system for mounting a photovoltaic panel to a surface includes a mounting base that is supported on the surface.
Utility
Mounting assembly for mounting a solar panel
17 May 22
A mounting assembly for mounting a solar panel to a surface includes a mounting base that is supported on the surface.

Reddit threads

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