Preformed Line Stock Price, News & Analysis

Preformed Line Products (Nasdaq: PLPC) has announced its regular quarterly dividend payment. The Board of Directors declared a dividend of $0.20 per share on the company's common shares. The dividend will be paid on July 20, 2025, to shareholders who are recorded as owners of PLPC stock at the close of business on July 1, 2025. This announcement represents the company's commitment to returning value to shareholders through regular dividend distributions.

PLP and Lightera have announced a strategic compatibility program combining PLP's drop closures with Lightera's rollable ribbon fiber optic cable for FTTx networks. The collaboration enables deployment of high-density fiber cables (144-288 fibers) using compact closures in small handholes. The program pairs PLP's COYOTE® STP Pro Series (XL and L) and COYOTE® DTC closures with Lightera's DuctSaver® and AccuRoll® rollable ribbon cables. This innovative solution offers a 30% cost reduction for the distribution portion of the network compared to traditional methods, while reducing labor requirements, material costs, and installation space. The combined solution will be showcased at Fiber Connect 2025 in Nashville, June 1-4.

Preformed Line Products (NASDAQ: PLPC) announced a significant expansion of its European operations with two major facility developments. The company is constructing a new facility in Wieprz, Poland, set to open in 2026, which will replace its current Bielsko-Biała operations. The Polish facility will feature a 30% increase in production space and a 50% increase in warehouse space.

Simultaneously, PLP is relocating its Spanish operations to a larger facility in Seville, offering a 250% increase in operational space and 240% more office space. Both expansions aim to meet increasing market demand and support the company's growth in grid modernization, renewable energy, and high-speed broadband infrastructure projects across Europe.

Preformed Line Products Company (NASDAQ: PLPC) has acquired JAP Telecom, a Brazilian telecommunications infrastructure solutions provider. Founded in 2002 and based in Pedreira, Brazil, JAP Telecom specializes in fiber optic closures, connectivity devices, and infrastructure accessories for South American telecom operators and ISPs.

The acquisition strengthens PLP's communications product portfolio and enhances its service capabilities across South America. JAP Telecom's facility, located 70 miles from PLP's existing Brazilian manufacturing plant, offers opportunities for operational synergies, supply chain optimization, and increased production capacity. The strategic move aims to expand PLP's regional footprint, boost exports, and accelerate product development initiatives in South America.

Preformed Line Products (NASDAQ: PLPC) reported strong Q1 2025 financial results with notable growth across key metrics. Net sales increased 5% to $148.5 million compared to $140.9 million in Q1 2024, driven by growth in both USA communications business and international energy sales. The company achieved a net income of $11.5 million, or $2.33 per diluted share, up 20% from $9.6 million ($1.94 per share) in Q1 2024.

Gross margin improved by 150 basis points to 32.8%. However, foreign currency translation negatively impacted net sales by $4.4 million. While optimistic about growth prospects, management expressed caution regarding newly enacted tariffs affecting commodity costs, particularly steel and aluminum raw materials. The company plans to address these challenges through targeted price increases and cost containment strategies.

Preformed Line Products (Nasdaq: PLPC) has announced its regular quarterly dividend declaration. The company's Board of Directors declared a dividend of $0.20 per share on March 10, 2025. The dividend will be paid on April 21, 2025, to shareholders who are on record as of the close of business on April 1, 2025.

Preformed Line Products (NASDAQ: PLPC) reported its Q4 and full-year 2024 financial results. Q4 net sales reached $167.1 million, up 15% from Q4 2023, with diluted EPS of $2.13, a 65% increase. International subsidiaries drove growth through energy market sales.

However, full-year 2024 performance showed mixed results with net sales declining 11% to $593.7 million compared to 2023's $669.7 million. Net income for 2024 was $37.1 million ($7.50 per diluted share), down from $63.3 million ($12.68 per diluted share) in 2023.

The company achieved significant debt reduction of $33.7 million in 2024 through strong cash generation. The annual decline was primarily attributed to U.S. market slowdown, customer inventory destocking, and delayed BEAD Program stimulus funding.

Preformed Line Products (Nasdaq: PLPC) has announced its Board of Directors declared a regular quarterly dividend of $0.20 per share on the company's common shares. The dividend will be payable on January 21, 2025, to shareholders of record at the close of business on January 7, 2025. The declaration was made during the board meeting held on December 3, 2024.

PLP has launched the world's first self-service drone kit for installing bird diverters on overhead power lines. The RAPTOR CLAMP™ Drone Kit is designed to work with DJI M300/M350 drones, allowing electric utilities and contractors to install PLP RAPTOR CLAMP Diverters remotely. The kit features a quick-change carriage system for multiple diverter installations in a single flight, improving workplace safety by eliminating traditional installation methods like bucket trucks or helicopters. This innovation maximizes drone fleet investment value and enhances wildlife protection efforts. The product is now available globally through PLP's sales network.