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PLPC Preformed Line Products

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
CEO
Robert Ruhlman
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
340676895

PLPC stock data

(
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Calendar

30 Jul 21
3 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 33.45M 33.45M 33.45M 33.45M 33.45M 33.45M
Cash burn (monthly) 410.33K 254.33K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 477.98K 296.26K n/a n/a n/a n/a
Cash remaining 32.98M 33.16M n/a n/a n/a n/a
Runway (months of cash) 80.4 130.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Jul 21 Andrew S Klaus Common shares, $2 par value Buy Aquire P No No 72.1 11 793.1 9,065
20 Jul 21 Gibbons Michael E Common shares, $2 par value Buy Aquire P No No 71.91 17 1.22K 6,535
1 Jul 21 C Sunkle David Common shares, $2 par value Other Dispose J Yes No 0 19,499 0 0
1 Jul 21 C Sunkle David Common shares, $2 par value Payment of exercise Dispose F No No 76.87 7,070 543.47K 12,429
1 Jul 21 C Sunkle David Common shares, $2 par value Other Aquire J No No 0 19,499 0 19,499
25 Jun 21 Gibbons Michael E Common shares, $2 par value Grant Aquire A Yes No 75.11 250 18.78K 11,579
25 Jun 21 Kestner R. Steven Common shares, $2 par value Grant Aquire A Yes No 75.11 150 11.27K 482

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

46.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 64 69 -7.2%
Opened positions 4 7 -42.9%
Closed positions 9 4 +125.0%
Increased positions 21 22 -4.5%
Reduced positions 24 26 -7.7%
13F shares
Current Prev Q Change
Total value 263.65M 229.94M +14.7%
Total shares 2.27M 2.34M -3.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Keybank National Association 400.45K $27.53M 0.0%
Dimensional Fund Advisors 348.71K $23.99M -2.0%
Royce & Associates 236.38K $16.25M -19.2%
BLK Blackrock 197.26K $13.56M +4.2%
HighTower Advisors 158.77K $10.92M 0.0%
Vanguard 133.35K $9.17M +8.4%
Renaissance Technologies 82K $5.64M -1.7%
LSV Asset Management 69.85K $4.8M -0.6%
Geode Capital Management 63.99K $4.4M +7.0%
Hotchkis & Wiley Capital Management 60.68K $4.17M +7.7%
Largest transactions
Shares Bought/sold Change
Royce & Associates 236.38K -56.3K -19.2%
THB Asset Management 0 -44.81K EXIT
Victory Capital Management 41.33K +41.33K NEW
Russell Investments 0 -39.51K EXIT
Euclidean Technologies Management 26.26K +26.26K NEW
Walthausen & Co. 34.36K +20.4K +146.1%
NTRS Northern Trust 47.89K -20.28K -29.7%
Vanguard 133.35K +10.36K +8.4%
Robert Robotti 10K +10K NEW
BEN Franklin Resources 32.76K +9.3K +39.6%

Financial report summary

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Competition
CorningTyco 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. Net sales were $133.0 million for the three months ended June 30, 2021, an increase of $15.4 million, or 13%, from the three months ended June 30, 2020.  Excluding the favorable effect of currency translation, net sales for the three months ended June 30, 2021 increased $9.2 million compared to the same period in 2020, or 8%, as summarized in the following table:
  • Gross profit. Gross profit was $43.0 million and $39.6 million for the three-month periods ended June 30, 2021 and 2020, respectively.  Excluding the favorable effect of currency translation, gross profit increased $1.6 million, or 4%, as summarized in the following table:
  • Costs and expenses. Costs and expenses of $30.3 million for the three months ended June 30, 2021 increased $5.5 million, or 22%.  Excluding the unfavorable effect of currency translation, costs and expenses increased $4.1 million, or 16%, as summarized in the following table:
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: applied, applying, entertainment, evaluating