PLPC Preformed Line Products Dashboard

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

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 • Aegion • Dycom Industries • Primoris Services • 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

Press releases

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Preformed Line Products Announces Second Quarter And First Half 2021 Financial Results

29 Jul 21

MAYFIELD VILLAGE, Ohio, July 29, 2021 /PRNewswire/ -- Preformed Line Products Company (NASDAQ:PLPC) today reported financial results for its second quarter ended June 30, 2021.

Preformed Line Products Announces Quarterly Dividend

18 Jun 21

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

Calendar

30 Jul 21

3 Aug 21

31 Dec 21

Financial summary

Financial statements Chart PLPC financial data

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

Recent insider trades

PLPC insider ownership history Insider history

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

Institutional ownership Q1 2021

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.

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%

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. 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

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

New words: announced, backlog, began, burden, closure, commodity, Delta, enhance, greater, half, outlook, personnel, postponement, resurgence, spending, variant, warehouse, working

Removed: applied, applying, entertainment, evaluating

From filing 10-Q 2021 Q2