PLPC Preformed Line Products Co.
Preformed Line Products Co. engages in the design, manufacture, and supply of 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 G. Ruhlman
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
MasTec • Dycom Industries • Aegion • Primoris Services • MYR • Goldfield • Energy Services of America ...
SEC CIK
Corporate docs
IRS number
340676895
PLPC stock data
()
Calendar
1 Nov 19
25 Jan 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | 119.22M | 114.84M | 97.15M | 105.41M | |
| Net income | 7.95M | 7.9M | 1.82M | 5.26M | |
| Diluted EPS | 1.55 | 1.56 | 0.36 | 1.02 | |
| Net profit margin | 6.67% | 6.88% | 1.88% | 4.99% | |
| Operating income | 11.64M | 11.12M | 2.05M | 7.84M | |
| Net change in cash | -102K | -2.2M | -152K | 9.58M | |
| Cash on hand | 41.16M | 41.26M | 43.46M | 43.61M | |
| Cost of revenue | 79.87M | 77.04M | 69.89M | 73.39M |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 420.88M | 378.21M | 336.63M | ||
| Net income | 26.58M | 12.65M | 15.26M | 6.68M | |
| Diluted EPS | 5.21 | 2.47 | 2.95 | 1.24 | |
| Net profit margin | 6.32% | 3.35% | 4.53% | ||
| Operating income | 32.93M | 26.11M | 21.48M | 12.35M | |
| Net change in cash | -749K | 13.62M | 344K | 750K | |
| Cash on hand | 43.61M | 44.36M | 30.74M | 30.39M | |
| Cost of revenue | 288.65M | 259.58M | 227.22M | 251.21M |
Financial data from company earnings reports
Institutional ownership Q3 2019
13F holders |
Current |
|---|---|
| Total holders | 69 |
| Opened positions | 6 |
| Closed positions | 4 |
| Increased positions | 20 |
| Reduced positions | 25 |
13F shares |
Current |
|---|---|
| Total value | 160.77M |
| Total shares | 2.44M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | NaN |
Largest owners |
Shares | Value |
|---|---|---|
| Royce & Associates | 462.12K | $25.23M |
| Keybank National Association | 401.45K | $21.92M |
| Dimensional Fund Advisors | 354.47K | $19.35M |
| BLK BlackRock | 187.83K | $10.25M |
| HighTower Advisors | 158.77K | $8.67M |
| Vanguard | 139.22K | $7.6M |
| Dalton Greiner Hartman Maher & Co | 79.52K | $4.34M |
| Renaissance Technologies | 75.4K | $4.12M |
| LSV Asset Management | 70.9K | $3.87M |
| Geode Capital Management | 56.45K | $3.08M |
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 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 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.
- Price increases or decreased availability of raw materials could result in lower earnings.
- 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 may be adversely impacted by laws, regulation, and litigation.
- Tax matters, including changes in tax rates, disagreements with taxing authorities and imposition of new taxes could impact the Company’s results of operations and financial condition.
- The Company employs information technology systems to support its business, and any material breach, interruption or failure may adversely impact the Company’s business.
Management Discussion
- Net sales. Net sales were $119.2 million for the three months ended September 30, 2019, an increase of $10.8 million, or 10%, from the three months ended September 30, 2018. Excluding the unfavorable effect of currency translation, net sales for the three months ended September 30, 2019 increased $14.1 million compared to the same period in 2018, or 13%, as summarized in the following table:
- Gross profit. Gross profit was $39.3 million and $33.5 million for the three-month periods ended September 30, 2019 and 2018, respectively. Excluding the unfavorable effect of currency translation, gross profit increased $6.9 million, or 21%, as summarized in the following table:
- Costs and expenses. Costs and expenses of $27.7 million for the three months ended September 30, 2019 increased $2.2 million, or 9%. Excluding the favorable effect of currency translation, costs and expenses increased $3.3 million, or 13%, as summarized in the following table:
Content analysis
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New words:
assumed, create, earnout, parent, preliminarily, single, uncertain, virtually, Zealand
Financial reports
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
10-Q
2018 Q2
Quarterly report
3 Aug 18
10-Q
2018 Q1
Quarterly report
4 May 18
10-K
2017 FY
Annual report
9 Mar 18
10-Q
2017 Q3
Quarterly report
3 Nov 17
10-Q
2017 Q2
Quarterly report
4 Aug 17
Current reports
8-K
Preformed Line Products Announces Third Quarter And First Nine Months Of 2019 Results
1 Nov 19
8-K
Preformed Line Products Announces Second Quarter And First Half 2019 Results
2 Aug 19
8-K
Submission of Matters to a Vote of Security Holders
7 May 19
8-K
Results of Operations and Financial Condition
3 May 19
8-K
Preformed Line Products Announces Financial Results For The Fourth Quarter And Full Year 2018
8 Mar 19
8-K
Departure of Directors or Certain Officers
7 Jan 19
8-K
Departure of Directors or Certain Officers
19 Nov 18
8-K
Preformed Line Products Announces Third Quarter And First Nine Months Of 2018 Results
8 Nov 18
8-K
Preformed Line Products Announces Second Quarter And First Half 2018 Results
3 Aug 18
8-K
Submission of Matters to a Vote of Security Holders
8 May 18
Registration and prospectus
S-8
Registration of securities for employees
4 Nov 16
S-8
Registration of securities for employees
6 May 11
S-8
Registration of securities for employees
29 Aug 08
S-8
Registration of securities for employees
19 Nov 01
S-8
Registration of securities for employees
19 Nov 01
10-12G
Registration of securities
30 Apr 01
Proxies
DEF 14A
Definitive proxy
29 Mar 19
DEF 14A
Definitive proxy
16 Mar 18
DEF 14A
Definitive proxy
17 Mar 17
DEF 14A
Definitive proxy
17 Mar 16
PRE 14A
Preliminary proxy
7 Mar 16
DEF 14A
Definitive proxy
12 Mar 15
DEF 14A
Definitive proxy
14 Mar 14
DEF 14A
Definitive proxy
15 Mar 13
DEF 14A
Definitive proxy
14 Mar 12
DEF 14A
Definitive proxy
11 Mar 11
Other
SD
Conflict minerals disclosure
20 May 19
SD
Conflict minerals disclosure
25 May 18
SD
Conflict minerals disclosure
2 Jun 17
SD
Conflict minerals disclosure
26 May 16
SD
Conflict minerals disclosure
1 Jun 15
SD
Conflict minerals disclosure
2 Jun 14
UPLOAD
Letter from SEC
14 Aug 13
CORRESP
Correspondence with SEC
13 Aug 13
UPLOAD
Letter from SEC
24 Jul 13
UPLOAD
Letter from SEC
4 Dec 08
Ownership
SC 13G/A
Preformed Line Products Co
23 Jan 20
SC 13G/A
Preformed Line Products Co
10 Jan 20
SC 13G/A
Preformed Line Products Co
8 Feb 19
SC 13G/A
Preformed Line Products Co
1 Feb 19
SC 13G/A
Preformed Line Products Co
23 Jan 19
SC 13G/A
Preformed Line Products Co
16 Jan 19
SC 13G/A
Preformed Line Products Co
9 Feb 18
SC 13G/A
Preformed Line Products Co
2 Feb 18
SC 13G/A
Preformed Line Products Co
24 Jan 18
SC 13G/A
Preformed Line Products Co
23 Jan 18
Patents
APP
Utility
Insulating Structure
23 Jan 20
A structure for supporting a wire includes a first portion including a body portion, and an alignment portion.
APP
Utility
Composite Core Conductor Compression Connectors and Methods for Using Same
19 Dec 19
An electrical connector includes a compression device defining an aperture and is configured to receive a first portion of a base row of wires and a first portion of a core of an electrical conductor within the aperture.
APP
Utility
Vibration Damper
12 Dec 19
A vibration damper for reducing a vibration in a cable is provided.
APP
Utility
Helical Jumper Connector
7 Nov 19
A helical jumper connector includes a helical support member configured to support a wire.
GRANT
Utility
Solar panel clamp
22 Oct 19
A clamping apparatus secures a photovoltaic module to a rail.