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Preformed Line Products Company designs and manufactures products and systems employed in the construction and maintenance of overhead, ground-mounted, and underground networks in the United States, the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers energy products for supporting, protecting, terminating, and splicing transmission, and distribution lines, as well as bolted, welded, and compressed connectors for substations; optical ground wire and all dielectric self-supporting fiber optic cables; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices like spacer dampers. It also provides communications products, such as rugged outside plant closures to protect and support wireline and wireless networks; demarcation related products, including wall boxes, pre-terminated cabinets, wall plates, and passive components; and formed wire products, utility pole line hardware, motion control products, and cable storage devices. In addition, the company offers special industries products comprising hardware assemblies, pole line hardware, plastic products, cable dynamics/vibration solutions, interior/exterior connectors, tools, and urethane solutions; drone inspection services for transmission and distribution power lines, substations, generation facilities, and communications assets; mounting solutions for photovoltaic solar, commercial, industrial, utility, and residential applications; and EV charging station foundations. It serves public and private energy utilities, and communication companies; cable operators, contractors, and subcontractors; and distributors and value-added resellers through a direct sales force and manufacturing representatives. Preformed Line Products Company was incorporated in 1947 and is headquartered in Mayfield Village, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $669M | $70M | $35M | $33M | 7.4% | 12.7% | -4.9% |
| 2024 | $594M | $74M | $37M | $53M | 8.8% | -11.3% | -41.4% |
| 2023 | $670M | $105M | $63M | $72M | 15.2% | 5.1% | 16.4% |
| 2022 | $637M | $93M | $54M | $-14M | 15.2% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 637.02 | 669.68 | 593.71 | 669.34 |
| Operating Revenue | - | 637.02 | 669.68 | 593.71 | 669.34 |
| Cost Of Revenue | - | 421.84 | 434.83 | 403.90 | 460.80 |
| Gross Profit | - | 215.18 | 234.85 | 189.81 | 208.54 |
| Operating Expense | - | 139.29 | 150.69 | 139.05 | 153.40 |
| Research And Development | - | 19.66 | 22.48 | 21.92 | 23.69 |
| Selling General And Administration | - | 116.03 | 125.72 | 116.20 | 127.19 |
| Total Expenses | - | 561.13 | 585.52 | 542.96 | 614.20 |
| Operating Income | - | 75.89 | 84.15 | 50.76 | 55.14 |
| Total Operating Income As Reported | - | 69.36 | 84.15 | 50.76 | 55.14 |
| EBITDA | - | 93.35 | 105.16 | 73.82 | 69.95 |
| Normalized EBITDA | - | 99.88 | 105.16 | 73.82 | 69.95 |
| EBIT | - | 76.92 | 86.25 | 52.99 | 46.92 |
| Interest Income | - | 0.63 | 1.81 | 2.57 | 2.32 |
| Interest Expense | - | 3.21 | 3.90 | 2.22 | 1.30 |
| Net Interest Income | - | -2.58 | -2.09 | 0.35 | 1.01 |
| Other Non Operating Income Expenses | - | 6.93 | 0.28 | -0.34 | -10.53 |
| Other Income Expense | - | 0.40 | 0.28 | -0.34 | -10.53 |
| Interest Income Non Operating | - | 0.63 | 1.81 | 2.57 | 2.32 |
| Interest Expense Non Operating | - | 3.21 | 3.90 | 2.22 | 1.30 |
| Net Non Operating Interest Income Expense | - | -2.58 | -2.09 | 0.35 | 1.01 |
| Pretax Income | - | 73.70 | 82.34 | 50.77 | 45.62 |
| Tax Provision | - | 19.30 | 19.01 | 13.66 | 10.31 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.71 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 54.40 | 63.34 | 37.11 | 35.31 |
| Net Income From Continuing And Discontinued Operation | - | 54.40 | 63.33 | 37.09 | 35.28 |
| Net Income From Continuing Operation Net Minority Interest | - | 54.40 | 63.33 | 37.09 | 35.28 |
| Net Income | - | 54.40 | 63.33 | 37.09 | 35.28 |
| Net Income Common Stockholders | - | 54.40 | 63.33 | 37.09 | 35.28 |
| Net Income Including Noncontrolling Interests | - | 54.40 | 63.34 | 37.11 | 35.31 |
| Normalized Income | - | 59.21 | 63.33 | 37.09 | 35.28 |
| Diluted NI Availto Com Stockholders | - | 54.40 | 63.33 | 37.09 | 35.28 |
| Basic Average Shares | - | 4.93 | 4.92 | 4.91 | 4.92 |
| Diluted Average Shares | - | 5 | 5 | 4.95 | 4.94 |
| Reconciled Depreciation | - | 16.43 | 18.91 | 20.83 | 23.03 |
| Reconciled Cost Of Revenue | - | 421.84 | 434.83 | 403.90 | 460.80 |
| Total Unusual Items | 0 | -6.53 | 0 | 0 | - |
| Total Unusual Items Excluding Goodwill | 0 | -6.53 | 0 | 0 | - |
| Minority Interests | - | 0 | 0 | -0.02 | -0.02 |
| Special Income Charges | 0 | -6.53 | 0 | 0 | - |
| Impairment Of Capital Assets | 0 | 6.53 | 0 | 0 | - |
| General And Administrative Expense | - | 70.32 | 74.64 | 67.48 | 75.18 |
| Other Gand A | - | 70.32 | 74.64 | 67.48 | 75.18 |
| Other Operating Expenses | - | 3.60 | 2.49 | 0.93 | 2.53 |
| Selling And Marketing Expense | - | 45.71 | 51.08 | 48.72 | 52.01 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Preformed Line Products Companythis co. | PLPC | $1.8B | 52.13↑ premium | 3.87 | 7.4% | 25.78 |
| Costamare Inc. | CMRE | $1.9B | 5.16 | 0.90 | 17.5% | 4.67 |
| Enovix Corporation | ENVX | $1.8B | - | 6.72 | -57.8% | - |
| JetBlue Airways Corporation | JBLU | $1.8B | -2.99 | 0.85 | -28.4% | 18.80 |
| CBIZ, Inc. | CBZ | $1.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 15.50 |
| 1.02 |
| 6.6% |
| 9.83 |
| Proto Labs, Inc. | PRLB | $1.8B | 83.79 | 2.64 | 3.2% | 27.86 |
| Enerpac Tool Group Corp. | EPAC | $1.8B | 18.89 | 4.04 | 21.4% | 12.23 |
| Vestis Corporation | VSTS | $1.7B | -43.48 | 2.02 | -4.6% | 16.43 |
| Huron Consulting Group Inc. | HURN | $1.7B | 16.54 | 3.29 | 19.9% | 10.27 |
| Peer Median | - | 15.50 | 2.33 | 4.9% | 12.23 | |