PLPC Preformed Line Products

Preformed Line Products Co. designs, manufactures, and supplies cable anchoring and control hardware and systems, fiber optic and copper splice closures, and cross-connect devices. It operates through the following geographical segments: PLP-USA, Americas, EMEA, and Asia-Pacific. The PLP-USA segment involves in manufacturing traditional products primarily supporting domestic energy, telecommunications, and solar products. The Americas, EMEA, and Asia-Pacific segments focuses on supporting energy, telecommunications, data communication, and solar products in each respective geographical region. The company was founded by Thomas F. Peterson in 1947 and is headquartered in Cleveland, OH.
Company profile
Ticker
PLPC
Exchange
Website
CEO
Robert Ruhlman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Mastec • Dycom Industries • Primoris Services • Aegion • MYR • Energy Services of America • Goldfield ...
SEC CIK
Corporate docs
IRS number
340676895
PLPC stock data
()
Calendar
5 Mar 21
21 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from company earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Mar 21 | Gibbons Michael E | Common shares, $2 par value | Grant | Aquire A | Yes | No | 66.81 | 280 | 18.71K | 11,329 |
26 Mar 21 | Kestner R. Steven | Common shares, $2 par value | Grant | Aquire A | Yes | No | 66.81 | 168 | 11.22K | 332 |
10 Mar 21 | John M Hofstetter | Common shares, $2 par value | Sale back to company | Dispose D | No | No | 71.1 | 1,000 | 71.1K | 9,400 |
10 Mar 21 | C Sunkle David | Common shares, $2 par value | Sale back to company | Dispose D | No | No | 71.1 | 5,200 | 369.72K | 0 |
10 Mar 21 | Dennis F McKenna | Common shares, $2 par value | Sale back to company | Dispose D | No | No | 71.1 | 9,366 | 665.92K | 0 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
47.4% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 69 |
Opened positions | 7 |
Closed positions | 4 |
Increased positions | 22 |
Reduced positions | 26 |
13F shares |
Current |
---|---|
Total value | 229.94M |
Total shares | 2.34M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Keybank National Association | 400.45K | $27.41M |
Dimensional Fund Advisors | 355.67K | $24.34M |
Royce & Associates | 292.68K | $20.03M |
BLK Blackrock | 189.23K | $12.95M |
HighTower Advisors | 158.77K | $10.87M |
Vanguard | 122.99K | $8.42M |
Renaissance Technologies | 83.4K | $5.71M |
LSV Asset Management | 70.25K | $4.81M |
NTRS Northern Trust | 68.17K | $4.67M |
Geode Capital Management | 59.81K | $4.09M |
Financial report summary
?Risks
- Due to the Company’s dependency on the energy and telecommunication industries, the Company is susceptible to negative trends relating to those industries that could adversely affect the Company’s operating results.
- The intense competition in the Company’s markets, particularly telecommunication, may lead to a reduction in sales and earnings.
- Competitors’ introduction of products embodying new technologies or the emergence of new industry standards can render existing products or products under development obsolete or unmarketable and result in lost sales.
- The Company’s international operations subject the Company to additional business risks that may have a material adverse effect on the Company’s business, operating results and financial condition.
- The COVID-19 pandemic may have a material adverse effect on the Company’s business, operating results and financial condition
- The Company’s business will suffer if the Company fails to develop and successfully introduce new and enhanced products that meet the changing needs of the Company’s customers.
- The Company may not be able to successfully integrate businesses that it may acquire in the future or complete acquisitions on satisfactory terms, which could have a material adverse effect on the Company’s business, operating results and financial condition.
- The Company may have interruptions in or lose business due to the uncertainty of the global economy, specifically related to the lack of available funding for the Company’s customers.
- The Company employs information technology systems to support its business, and any material breach, interruption or failure may adversely impact the Company’s business.
- The Company may be adversely impacted by laws, regulation, and litigation.
- The Company may not be able to successfully manage its intellectual property and may be subject to infringement claims.
- Tax matters, including changes in tax rates, disagreements with taxing authorities and imposition of new taxes could impact the Company’s operating results and financial condition.
- The Company depends on maintaining a skilled workforce and any interruption in the workforce could negatively impact the Company’s operating results and financial condition.
Management Discussion
- Net sales. In 2020, net sales were $466.4 million, an increase of $21.6 million, or 5%, compared to 2019. Excluding the unfavorable effect of currency translation, net sales increased 9% as summarized in the following table:
- Gross Profit. Gross profit of $154.0 million for 2020 increased $13.4 million, or 10%, compared to 2019. Excluding the unfavorable effect of currency translation, gross profit increased $18.5 million, or 13%, as summarized in the following table:
- Costs and expenses. Costs and expenses of $113.8 million for the year ended December 31, 2020 increased $5.8 million, or 5%, compared to 2019. Excluding the favorable effect of currency translation, costs and expenses increased $8.8 million, or 8%, as summarized in the following table:
Content analysis
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New words:
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Removed:
applying, arranging, Barbara, classification, competitor, consummated, decline, demonstrated, depend, disclosed, enact, fee, grandmother, improved, individually, justified, leased, leasing, member, mother, negotiating, newly, parcel, provisional, pursuing, qualitative, rail, Randall, reclassification, repatriation, requirement, response, retained, retrospective, retrospectively, shifted, slightly, stranded, Treasurer, Wallace, weighting, Weisbarth, withholding
Financial reports
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
10-K
2019 FY
Annual report
5 Mar 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
8 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Preformed Line Products Announces Results For The Fourth Quarter And Full Year 2020
5 Mar 21
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
21 Jan 21
8-K
Departure of Directors or Certain Officers
6 Nov 20
8-K
Preformed Line Products Announces Third Quarter And First Nine Months Of 2020 Results
30 Oct 20
8-K
Preformed Line Products Announces Second Quarter And First Half 2020 Results
6 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
7 May 20
8-K
Results of Operations and Financial Condition
1 May 20
8-K
Departure of Directors or Certain Officers
13 Apr 20
8-K
Preformed Line Products Announces Change of Location of 2020
13 Apr 20
8-K
Other Events
20 Mar 20
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
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
DEF 14A
Definitive proxy
13 Mar 14
Other
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
UPLOAD
Letter from SEC
23 Jul 13
Ownership
4
PREFORMED LINE PRODUCTS / R. Steven Kestner ownership change
26 Mar 21
4
PREFORMED LINE PRODUCTS / MICHAEL E GIBBONS ownership change
26 Mar 21
4
PREFORMED LINE PRODUCTS / Caroline Saylor Vaccariello ownership change
12 Mar 21
4
PREFORMED LINE PRODUCTS / Dennis F McKenna ownership change
12 Mar 21
4
PREFORMED LINE PRODUCTS / C Sunkle David ownership change
12 Mar 21
4
PREFORMED LINE PRODUCTS / John M Hofstetter ownership change
12 Mar 21
SC 13G/A
PREFORMED LINE PRODUCTS / DIMENSIONAL FUND ADVISORS ownership change
15 Feb 21
SC 13G/A
PREFORMED LINE PRODUCTS / PNC FINANCIAL SERVICES ownership change
12 Feb 21
4
PREFORMED LINE PRODUCTS / John M Hofstetter ownership change
5 Feb 21
4
PREFORMED LINE PRODUCTS / C Sunkle David ownership change
5 Feb 21
Patents
APP
Utility
Clamp for Engaging Objects Having Different Exterior Dimensions, and a Cable Management System Including Such a Clamp
11 Mar 21
A clamp, and cable management system including the clamp, includes a bolster with a first clamping surface, and a keeper that is to be coupled to the bolster.
APP
Utility
Cable Management System for a Splice Enclosure, and a Splice Enclosure with a Cable Management System
11 Mar 21
A cable management system includes a cap that cooperates with a housing to enclose a connection between a first cable and a second cable.
GRANT
Utility
Support structure for supporting a cable
2 Mar 21
A support structure is provided for supporting a cable.
APP
Utility
Unitube Ribbon Breakout
14 Jan 21
A unitube breakout kit includes a bottom portion extending from a neck end to an outlet end.
GRANT
Utility
Mounting assembly for mounting a solar panel
28 Dec 20
A mounting assembly for mounting a solar panel to a surface includes a mounting base that is supported on the surface.
Reddit threads
Daily Discussion Thread - March 31st, 2021
31 Mar 21
Daily Discussion Thread - March 30th, 2021
30 Mar 21
Daily Discussion Thread - March 29th, 2021
29 Mar 21
Daily Discussion Thread - March 5th, 2021
5 Mar 21
Daily Discussion Thread - March 4th, 2021
4 Mar 21
Daily Discussion Thread - March 3rd, 2021
3 Mar 21
Daily Discussion Thread - March 2nd, 2021
2 Mar 21
Daily Discussion Thread - December 31st, 2020
31 Dec 20
Daily Discussion Thread - December 30th, 2020
30 Dec 20
Daily Discussion Thread - December 29th, 2020
29 Dec 20