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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 75.89 | 84.15 | 50.76 | 55.13 |
| EBITDA | 93.35 | 105.16 | 73.82 | 69.95 |
| EBIT | 76.92 | 86.25 | 52.99 | 46.92 |
| Pretax Income | 73.70 | 82.34 | 50.77 | 45.62 |
| Tax Provision | 19.30 | 19.01 | 13.66 | 10.31 |
| Net Income | 54.40 | 63.33 | 37.09 | 35.28 |
| Net Income Common Stockholders | 54.40 | 63.33 | 37.09 | 35.28 |
| Total Expenses | 561.13 | 585.52 | 542.96 | 614.20 |
| Interest Expense | 3.21 | 3.90 | 2.22 | 1.30 |
| Interest Income | 0.63 | 1.81 | 2.57 | 2.32 |
| Research And Development | 19.66 | 22.48 | 21.92 | 23.69 |
| Selling General And Administration | 116.03 | 125.72 | 116.20 | 127.19 |
| Normalized EBITDA | 99.88 | 105.16 | 73.82 | 69.95 |
| Normalized Income | 59.21 | 63.33 | 37.09 | 35.28 |
| Basic EPS | 11.03 | 12.87 | 7.56 | 7.17 |
| Diluted EPS | 10.88 | 12.68 | 7.50 | 7.14 |
| Tax Effect Of Unusual Items | -1.71 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.26 | 0.23 | 0.27 | 0.23 |
| Total Unusual Items | -6.53 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | -6.53 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 54.40 | 63.33 | 37.09 | 35.28 |
| Reconciled Depreciation | 16.43 | 18.91 | 20.83 | 23.03 |
| Reconciled Cost Of Revenue | 421.84 | 434.83 | 403.90 | 460.80 |
| Net Interest Income | -2.58 | -2.09 | 0.35 | 1.01 |
| Net Income From Continuing And Discontinued Operation | 54.40 | 63.33 | 37.09 | 35.28 |
| Total Operating Income As Reported | 69.36 | 84.15 | 50.76 | 55.13 |
| Diluted Average Shares | 5 | 5 | 4.95 | 4.94 |
| Basic Average Shares | 4.93 | 4.92 | 4.91 | 4.92 |
| Diluted NI Availto Com Stockholders | 54.40 | 63.33 | 37.09 | 35.28 |
| Minority Interests | 0 | -0.01 | -0.02 | -0.02 |
| Net Income Including Noncontrolling Interests | 54.40 | 63.34 | 37.11 | 35.31 |
| Net Income Continuous Operations | 54.40 | 63.34 | 37.11 | 35.31 |
| Other Income Expense | 0.40 | 0.28 | -0.34 | -10.53 |
| Other Non Operating Income Expenses | 6.93 | 0.28 | -0.34 | -10.53 |
| Special Income Charges | -6.53 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 6.53 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -2.58 | -2.09 | 0.35 | 1.01 |
| Interest Expense Non Operating | 3.21 | 3.90 | 2.22 | 1.30 |
| Interest Income Non Operating | 0.63 | 1.81 | 2.57 | 2.32 |
| Other Operating Expenses | 3.60 | 2.49 | 0.93 | 2.53 |
| Selling And Marketing Expense | 45.71 | 51.08 | 48.72 | 52.01 |
| General And Administrative Expense | 70.32 | 74.64 | 67.48 | 75.18 |
| Other Gand A | 70.32 | 74.64 | 67.48 | 75.18 |
| Operating Revenue | 637.02 | 669.68 | 593.71 | 669.34 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Preformed Line Products Companythis co. | PLPC | $1.7B | 47.17↑ premium | 3.48 | 7.4% | 20.80 |
| Redwire Corporation | RDW | $1.7B | - | 1.55 | -19.9% | -13.72 |
| Napco Security Technologies, Inc. | NSSC | $1.7B | 37.72 | 9.71 | 25.7% | 32.13 |
| Hillman Solutions Corp. | HLMN | $1.6B | 45.50 | 1.32 | 3.3% | 9.50 |
| Power Solutions International, Inc. |
| PSIX |
| $1.5B |
| 13.55 |
| 8.64 |
| 63.8% |
| 14.40 |
| Proto Labs, Inc. | PRLB | $1.5B | 72.38 | 2.28 | 3.2% | 23.82 |
| The Greenbrier Companies, Inc. | GBX | $1.5B | 7.47 | 1.00 | 13.3% | 6.30 |
| Voyager Technologies, Inc. | VOYG | $1.5B | - | 3.95 | -24.4% | -16.76 |
| SFL Corporation Ltd. | SFL | $1.5B | - | 1.57 | -2.8% | 9.50 |
| Peer Median | - | 37.72 | 1.92 | 3.2% | 9.50 | |