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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
SEC CIK
IRS number
340676895

PLPC stock data

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Calendar

5 Mar 21
21 Apr 21
31 Dec 21
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.

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 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

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.  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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Positive
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Litigous
Readability
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