STOCK TITAN

Preformed Line Products Co. - PLPC STOCK NEWS

Welcome to our dedicated news page for Preformed Line Products Co. (Ticker: PLPC), a resource for investors and traders seeking the latest updates and insights on Preformed Line Products Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Preformed Line Products Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Preformed Line Products Co.'s position in the market.

Rhea-AI Summary
PLP introduces Aeolus, a groundbreaking platform for wind-induced conductor motion analysis, empowering engineers and utilities with real-time insights into overhead line behavior.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
Tags
none
-
Rhea-AI Summary
Preformed Line Products (PLPC) announced a regular quarterly dividend of $0.20 per share for its common shares, payable on April 19, 2024, to shareholders of record as of April 2, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
Tags
dividends
-
Rhea-AI Summary
Preformed Line Products Company (PLPC) reported record annual net sales for the fifth consecutive year in 2023, with a 5% increase from 2022. The company achieved a net income of $63.3 million and a diluted EPS of $12.68, marking a 17% increase from the previous year. However, net sales in the fourth quarter of 2023 decreased by 14% compared to the same period in 2022, primarily due to reduced communication product sales. Despite challenges in the market, the company remains optimistic about its international operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.65%
Tags
Rhea-AI Summary
PLP and FulcrumAir have partnered to launch the Mini LineFly, an advanced automated robotic system for installing bird diverters on power lines. The system aims to improve safety for lineworkers and wildlife while increasing project efficiency. The first implementation took place during the High Banks Wind Project in Kansas, installing 15,000 bird diverters along a 75-mile transmission line. The Mini LineFly and CSR-18 Robot are operational globally, addressing staffing shortages and safety concerns for electric utilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.81%
Tags
none
-
Rhea-AI Summary
Preformed Line Products (PLPC) Declares Regular Quarterly Dividend of $0.20 per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
dividends
-
Rhea-AI Summary
Preformed Line Products Company (PLPC) has appointed Dennis F. McKenna as Chief Executive Officer, effective January 1, 2024. McKenna, a long-standing employee of PLP, will take over from Robert G. Ruhlman, who will become Executive Chairman. The company has experienced consistent growth and will focus on expanding global sales, engineering, and manufacturing capabilities. J. Ryan Ruhlman was named President earlier this year to drive business development objectives, marketing strategies, and people-centric goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
management
Rhea-AI Summary
Preformed Line Products Company (NASDAQ: PLPC) reported financial results for Q3 2023. Net sales declined by 3% to $160.4 million, while diluted EPS improved by 28% to $3.03. Net cash provided by operating activities increased by $79.2 million. The decrease in net sales was primarily due to weakness in the communications market. Net income for the quarter was $15.1 million, compared to $11.9 million in the same period last year. Gross profit as a percentage of net sales decreased by 150 basis points. Net sales for the first nine months of 2023 increased by 12% to $524.1 million, with net income of $57.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.38%
Tags
-
Rhea-AI Summary
Preformed Line Products declares regular quarterly dividend of $.20 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
Tags
dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.08%
Tags
Preformed Line Products Co.

Nasdaq:PLPC

PLPC Rankings

PLPC Stock Data

609.88M
2.89M
51.11%
42.97%
0.77%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
US
Cleveland

About PLPC

preformed line products (plp) is a worldwide designer, manufacturer and supplier of high quality cable anchoring and control hardware and systems, fiber optic and copper splice closures, and high-speed cross-connect devices. our core markets are divided into four distinct categories: communications, energy, special industries and solar. our customer base includes telecommunications network operators, cable television and broadband service providers, power utilities, corporations and enterprise networks, government agencies and educational institutions. we also serve several specialized areas under our special industries and solar market categories. with groundbreaking and innovative solutions like our line of coyote® fiber optic products, and our thermolign® family of power transmission products, plp has consistently pioneered modern advances in communications and power utility networks since 1947. we deliver added value to our customers through our expertise and our unparalleled custo