PLPC Preformed Line Products Dashboard

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

NASDAQ

Website

preformed.com/

CEO

Robert Ruhlman

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 • Aegion • MYR • Energy Services of America • Goldfield ...

SEC CIK

0000080035

Corporate docs

Articles of Incorporation & Bylaws

IRS number

340676895

PLPC stock data

S&P 500

1M 1Y 2Y 5Y

News

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Preformed Line Products Q4 EPS $0.53 Down From $1.09 YoY, Sales $118.50M Up From $113.65M YoY

5 Mar 21

Preformed Line Products (NASDAQ:PLPC) reported quarterly earnings of $0.53 per share. This is a 51.38 percent decrease over earnings of $1.09 per share from the same period last year. The company reported $118.50

Stocks That Hit 52-Week Highs On Wednesday

3 Mar 21

On Wednesday morning, 198 companies hit new 52-week highs.

Press releases

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Preformed Line Products Announces Quarterly Dividend

18 Mar 21

MAYFIELD VILLAGE, Ohio, March 18, 2021 /PRNewswire/ -- The Board of Directors of Preformed Line Products Company (NASDAQ:PLPC) on March 18, 2021 declared a regular quarterly dividend in the amount of $.20 per share on

Preformed Line Products Announces Results For The Fourth Quarter And Full Year 2020

5 Mar 21

MAYFIELD VILLAGE, Ohio, March 5, 2021 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for the fourth quarter and the full year 2020.

Calendar

5 Mar 21

21 Apr 21

31 Dec 21

Financial summary

Financial statements Chart PLPC financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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
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

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

PLPC institutional ownership history Ownership history

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	Prev Q	Change
Total holders	69	66	+4.5%
Opened positions	7	5	+40.0%
Closed positions	4	6	-33.3%
Increased positions	22	17	+29.4%
Reduced positions	26	31	-16.1%

13F shares	Current	Prev Q	Change
Total value	229.94M	149.81M	+53.5%
Total shares	2.34M	2.36M	-0.7%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Keybank National Association	400.45K	$27.41M	0.0%
Dimensional Fund Advisors	355.67K	$24.34M	-1.2%
Royce & Associates	292.68K	$20.03M	-1.5%
BLK Blackrock	189.23K	$12.95M	+5.0%
HighTower Advisors	158.77K	$10.87M	0.0%
Vanguard	122.99K	$8.42M	-10.2%
Renaissance Technologies	83.4K	$5.71M	+2.1%
LSV Asset Management	70.25K	$4.81M	-1.1%
NTRS Northern Trust	68.17K	$4.67M	-3.1%
Geode Capital Management	59.81K	$4.09M	+1.5%

Largest transactions	Shares	Bought/sold	Change
Dalton Greiner Hartman Maher & Co	13.3K	-33.33K	-71.5%
Vanguard	122.99K	-13.98K	-10.2%
Walthausen & Co.	13.96K	+13.96K	NEW
BK Bank Of New York Mellon	31.98K	+11.68K	+57.6%
Millennium Management	4.48K	-11K	-71.1%
BLK Blackrock	189.23K	+9K	+5.0%
Hotchkis & Wiley Capital Management	56.32K	+6.88K	+13.9%
JPM JPMorgan Chase & Co.	9.17K	+6.27K	+216.6%
THB Asset Management	44.81K	-5.27K	-10.5%
TETAA Teton Advisors	0	-5K	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Corning • Tyco Electronics

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: accuracy, added, alter, American, Andrew, breadth, cancelled, cleaning, confidence, Cooperative, delinquent, deposit, depth, distance, distancing, duration, earlier, ease, education, embedded, empowered, equal, exacerbate, Facilitation, flexibility, freedom, gradually, hedge, hedging, impede, inline, Interactive, JMC, Joinder, LLC, London, macroeconomic, magnitude, monthly, NaN, notably, outbreak, overwhelming, pandemic, physical, referendum, refunded, repay, repayment, safety, skill, skilled, stature, statute, stimulate, strain, subsidy, talent, temperature, temporarily, unknown, Vertiv, VP, Zekelman

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

From filing 10-K 2020 FY