PREFORMED LINE PRODUCTS ANNOUNCES THIRD QUARTER 2026 FINANCIAL RESULTS
Key Highlights
- ➤Q3 net sales $209.5 million, up 18% year over year
- ➤Q3 gross margin 33.4%, up 370 basis points year over year
- ➤Q3 diluted EPS $3.56, up 70% excluding pension termination charges
- ➤Nine-month operating cash flow $68.1 million, up 32% year over year
- ➤PLP-USA net sales exceeded $100 million for the second straight quarter
Expert Statements
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“This was another exceptional quarter, with sales and net income nearing the records set just last quarter.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“We grew net sales 18% to $209.5 million with gross margins improving 370 basis points year over year to 33.4%, showing resilience in a challenging operating environment.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“Our steadfast commitment to domestic manufacturing continues to provide a strategic advantage, with PLP-USA delivering over $100 million of net sales for the second straight quarter.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“That performance is a direct result of the robust demand we see in domestic energy markets and the strategic investments we have made in people, manufacturing, and engineering capabilities.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“Our sustained growth is also generating strong cash flow.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“We produced $68.1 million in operating cash flow through the first nine months of the year and ended the quarter with $99.3 million in cash and $53.9 million of available credit.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“That financial strength allows us to do three things at once: invest in our people and facilities, pursue targeted acquisitions, and continue returning capital to shareholders.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“While we continue to enjoy a record year so far, the operating environment remains challenging.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“Tariffs continue to present headwinds, and the geopolitical landscape is constantly changing.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“But the investments we have made in domestic U.S. manufacturing, our diversified global footprint across 20 countries, and the breadth of our product portfolio give me confidence that we are well-positioned to navigate these pressures and sustain the momentum we have built.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“Finally, I was delighted to bring our Senior Leadership Team (and our families!) to New York in September to ring the closing bell at the Nasdaq to celebrate our 25th anniversary of being listed.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“This opportunity recognized both our great past and our bright future and I share this recognition with each of our over 4,000 PLP brothers and sisters around the globe.”
Rob Ruhlman, Executive Chairman of Preformed Line Products Company
“Our focus is unchanged: provide our customers with the high-quality products and superior customer service they have come to expect from PLP.”
PREFORMED LINE PRODUCTS ANNOUNCES THIRD QUARTER 2026 FINANCIAL RESULTS PR Newswire
CLEVELAND, Oct. 28, 2026 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its third-quarter of 2026.
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