PREFORMED LINE PRODUCTS ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS
Preformed Line Products (NASDAQ: PLPC) reported strong Q2 2025 financial results, with net sales increasing 22% to $169.6 million compared to Q2 2024. The company achieved a net income of $12.7 million, or $2.56 per diluted share, representing a 35% increase year-over-year.
The growth was driven by strong performance in PLP-USA's energy and communications segments, along with international growth boosted by the JAP Telecom acquisition. Gross margin improved by 80 basis points to 32.7%. For the first six months of 2025, net sales grew 14% to $318.1 million, with net income reaching $24.2 million ($4.89 per diluted share).
While maintaining optimism about market growth, the company acknowledges challenges from recently enacted tariffs, particularly affecting USA-sourced goods. Management plans to mitigate tariff impacts through targeted price increases and cost containment strategies.
Preformed Line Products (NASDAQ: PLPC) ha riportato risultati finanziari solidi nel secondo trimestre 2025, con le vendite nette in aumento del 22%, raggiungendo 169,6 milioni di dollari rispetto al secondo trimestre 2024. L'azienda ha registrato un utile netto di 12,7 milioni di dollari, pari a 2,56 dollari per azione diluita, segnando un incremento del 35% su base annua.
La crescita è stata trainata dalle ottime performance nei segmenti energia e comunicazioni di PLP-USA, oltre alla crescita internazionale favorita dall'acquisizione di JAP Telecom. Il margine lordo è migliorato di 80 punti base, arrivando al 32,7%. Nei primi sei mesi del 2025, le vendite nette sono cresciute del 14%, raggiungendo 318,1 milioni di dollari, con un utile netto di 24,2 milioni di dollari (4,89 dollari per azione diluita).
Pur mantenendo un atteggiamento ottimista riguardo alla crescita del mercato, l'azienda riconosce le difficoltà derivanti dai dazi recentemente introdotti, che colpiscono in particolare i prodotti provenienti dagli USA. Il management prevede di attenuare l'impatto dei dazi attraverso aumenti di prezzo mirati e strategie di contenimento dei costi.
Preformed Line Products (NASDAQ: PLPC) reportó sólidos resultados financieros en el segundo trimestre de 2025, con un aumento del 22% en las ventas netas, alcanzando los 169,6 millones de dólares en comparación con el segundo trimestre de 2024. La compañía logró un ingreso neto de 12,7 millones de dólares, o 2,56 dólares por acción diluida, lo que representa un incremento del 35% interanual.
El crecimiento fue impulsado por un fuerte desempeño en los segmentos de energía y comunicaciones de PLP-USA, junto con el crecimiento internacional potenciado por la adquisición de JAP Telecom. El margen bruto mejoró 80 puntos básicos hasta el 32,7%. En los primeros seis meses de 2025, las ventas netas crecieron un 14% hasta 318,1 millones de dólares, con un ingreso neto de 24,2 millones de dólares (4,89 dólares por acción diluida).
Aunque mantiene un optimismo sobre el crecimiento del mercado, la empresa reconoce los desafíos derivados de los aranceles recientemente implementados, que afectan especialmente a los productos originarios de EE.UU. La dirección planea mitigar el impacto de los aranceles mediante aumentos de precio selectivos y estrategias de contención de costos.
Preformed Line Products (NASDAQ: PLPC)는 2025년 2분기 강력한 재무 실적을 보고했으며, 순매출이 22% 증가하여 1억 6,960만 달러를 기록했습니다(2024년 2분기 대비). 회사는 순이익 1,270만 달러, 희석 주당순이익 2.56달러를 달성하여 전년 대비 35% 증가했습니다.
성장은 PLP-USA의 에너지 및 통신 부문의 강력한 실적과 JAP Telecom 인수에 힘입은 국제적 성장에 의해 주도되었습니다. 총이익률은 80 베이시스 포인트 상승하여 32.7%를 기록했습니다. 2025년 상반기 순매출은 14% 증가한 3억 1,810만 달러, 순이익은 2,420만 달러(희석 주당순이익 4.89달러)에 달했습니다.
시장 성장에 대해 낙관적인 입장을 유지하면서도, 최근 도입된 관세로 인한 어려움, 특히 미국산 제품에 미치는 영향을 인정하고 있습니다. 경영진은 목표 가격 인상과 비용 절감 전략을 통해 관세 영향을 완화할 계획입니다.
Preformed Line Products (NASDAQ : PLPC) a publié de solides résultats financiers pour le deuxième trimestre 2025, avec une augmentation de 22 % des ventes nettes atteignant 169,6 millions de dollars par rapport au deuxième trimestre 2024. La société a réalisé un bénéfice net de 12,7 millions de dollars, soit 2,56 dollars par action diluée, représentant une hausse de 35 % d'une année sur l'autre.
Cette croissance a été portée par la bonne performance des segments énergie et communications de PLP-USA, ainsi que par la croissance internationale stimulée par l'acquisition de JAP Telecom. La marge brute s'est améliorée de 80 points de base pour atteindre 32,7 %. Sur les six premiers mois de 2025, les ventes nettes ont progressé de 14 % pour atteindre 318,1 millions de dollars, avec un bénéfice net de 24,2 millions de dollars (4,89 dollars par action diluée).
Tout en restant optimiste quant à la croissance du marché, la société reconnaît les défis posés par les droits de douane récemment instaurés, qui affectent particulièrement les produits d'origine américaine. La direction prévoit d'atténuer l'impact de ces droits par des hausses de prix ciblées et des stratégies de maîtrise des coûts.
Preformed Line Products (NASDAQ: PLPC) meldete starke Finanzergebnisse für das zweite Quartal 2025, mit einem Umsatzanstieg von 22% auf 169,6 Millionen US-Dollar im Vergleich zum zweiten Quartal 2024. Das Unternehmen erzielte einen Nettoertrag von 12,7 Millionen US-Dollar bzw. 2,56 US-Dollar pro verwässerter Aktie, was einer Steigerung von 35 % gegenüber dem Vorjahr entspricht.
Das Wachstum wurde durch eine starke Leistung in den Energie- und Kommunikationssegmenten von PLP-USA sowie durch internationales Wachstum, unterstützt durch die Übernahme von JAP Telecom, angetrieben. Die Bruttomarge verbesserte sich um 80 Basispunkte auf 32,7 %. Für die ersten sechs Monate des Jahres 2025 stiegen die Nettoumsätze um 14 % auf 318,1 Millionen US-Dollar, der Nettogewinn erreichte 24,2 Millionen US-Dollar (4,89 US-Dollar pro verwässerter Aktie).
Obwohl das Unternehmen optimistisch hinsichtlich des Marktwachstums bleibt, erkennt es die Herausforderungen durch kürzlich eingeführte Zölle an, die insbesondere US-amerikanische Produkte betreffen. Das Management plant, die Auswirkungen der Zölle durch gezielte Preiserhöhungen und Kostenkontrollmaßnahmen abzumildern.
- Net sales increased 22% year-over-year to $169.6 million in Q2 2025
- Net income grew 35% to $12.7 million ($2.56 per diluted share)
- Gross margin improved by 80 basis points to 32.7%
- Strategic acquisition of JAP Telecom strengthening communications portfolio
- Strong USA manufacturing presence provides competitive advantage in high-tariff environment
- Impact of recently enacted tariffs creating market uncertainty
- Increased costs from Section 232 steel and aluminum tariffs affecting USA production
- Foreign currency translation reduced Q2 2025 net sales by $0.5 million
- Higher period expenses partially offsetting profit gains
Insights
PLPC reports robust Q2 growth with 22% sales increase and 35% higher earnings, despite tariff headwinds affecting costs.
Preformed Line Products has delivered exceptional Q2 2025 results with revenue jumping
The growth was well-balanced across business segments. PLP-USA showed strong performance in both energy and communications markets, while international operations contributed through higher energy product sales and additional revenue from the newly acquired JAP Telecom. This diversified growth strategy has proven effective, with year-to-date sales up
What's particularly impressive is the company's ability to navigate significant headwinds. Recently enacted tariffs on internationally sourced materials are affecting the USA segment, especially through Section 232 steel and aluminum tariffs. Management is actively mitigating these challenges through targeted price increases, cost containment, and supply chain optimization. The company's substantial USA manufacturing base provides a competitive advantage in the current high-tariff environment, though certain cost increases on key commodity inputs remain unavoidable.
While management remains optimistic about continued growth in their primary end markets, they appropriately acknowledge the uncertainty created by tariffs on customer demand. This balanced outlook, combined with strong execution and strategic acquisitions like JAP Telecom, positions PLPC well for sustained performance despite macroeconomic challenges.
Q2 2025 highlights compared to same quarter last year:
- Net sales growth of
22% - Gross margin increase of 80 bps
- Net income and fully diluted EPS increase of
35%
Net sales in the second quarter of 2025 were
Net income for the quarter ended June 30, 2025, was
Net sales increased
Net income for the six months ended June 30, 2025 was
Rob Ruhlman, Executive Chairman, said, "Building on a strong Q1 2025, we posted strong sales and earnings gains for Q2 2025. I am most pleased that the sales growth is global, benefiting the
A presentation on second quarter results will also be available on PLP's website at www.plp.com/investor-relations.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the Company, including those statements regarding the Company's and management's beliefs and expectations concerning the Company's future performance or anticipated financial results, among others. Except for historical information, the matters discussed in this release are forward-looking statements that involve risks and uncertainties which may cause results to differ materially from those set forth in those statements. Among other things, factors that could cause actual results to differ materially from those expressed in such forward-looking statements include the uncertainty in global business conditions and the economy due to factors such as inflation, rising interest rates, tariffs, labor disruptions, military conflict, political instability, exchange rates, natural disasters and health epidemics, the strength of demand and availability of funding for the Company's products and the mix of products sold, the relative degree of competitive and customer price pressure on the Company's products, the cost, availability and quality of raw materials required for the manufacture of products, opportunities for business growth through acquisitions and the ability to successfully integrate any acquired businesses, changes in regulations and tax rates, security breaches, litigation and claims and the Company's ability to continue to develop proprietary technology and maintain high-quality products and customer service to meet or exceed new industry performance standards and individual customer expectations, and other factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the Company's 2024 Annual Report on Form 10-K filed with the SEC on March 13, 2025 and subsequent filings with the SEC. The Annual Report on Form 10-K and the Company's other filings with the SEC can be found on the SEC's website at http://www.sec.gov. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
ABOUT PLP
PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.
PREFORMED LINE PRODUCTS COMPANY CONSOLIDATED BALANCE SHEET
| |||
June 30, 2025 | December 31, 2024 | ||
(Thousands of dollars, except share and per share data) | (Unaudited) | ||
ASSETS | |||
Cash, cash equivalents and restricted cash | $ 66,908 | $ 57,244 | |
Accounts receivable, net | 123,877 | 111,402 | |
Inventories, net | 143,369 | 129,913 | |
Prepaid expenses | 12,735 | 11,720 | |
Other current assets | 6,277 | 5,514 | |
TOTAL CURRENT ASSETS | 353,166 | 315,793 | |
Property, plant and equipment, net | 211,923 | 195,086 | |
Goodwill | 29,518 | 26,685 | |
Other intangible assets, net | 9,966 | 9,656 | |
Deferred income taxes | 7,204 | 6,546 | |
Other assets | 19,684 | 20,111 | |
TOTAL ASSETS | $ 631,461 | $ 573,877 | |
LIABILITIES AND SHAREHOLDERS' EQUITY | |||
Trade accounts payable | $ 51,137 | $ 41,951 | |
Notes payable to banks | 4,414 | 7,782 | |
Current portion of long-term debt | 3,928 | 2,430 | |
Accrued compensation and other benefits | 25,574 | 25,904 | |
Accrued expenses and other liabilities | 29,718 | 30,346 | |
TOTAL CURRENT LIABILITIES | 114,771 | 108,413 | |
Long-term debt, less current portion | 27,878 | 18,357 | |
Other noncurrent liabilities and deferred income taxes | 28,036 | 24,783 | |
SHAREHOLDERS' EQUITY | |||
Common shares – | 13,823 | 13,752 | |
Common shares issued to rabbi trust, 223,168 and 222,887 shares at June 30, 2025 and December 31, 2024, respectively | (9,613) | (9,575) | |
Deferred compensation liability | 9,613 | 9,575 | |
Paid-in capital | 64,019 | 65,093 | |
Retained earnings | 575,368 | 553,179 | |
Treasury shares, at cost, 1,986,382 and 1,961,772 shares at June 30, 2025 and December 31, 2024, respectively | (130,163) | (126,800) | |
Accumulated other comprehensive loss | (62,311) | (82,909) | |
TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY | 460,736 | 422,315 | |
Noncontrolling interest | 40 | 9 | |
TOTAL SHAREHOLDERS' EQUITY | 460,776 | 422,324 | |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 631,461 | $ 573,877 | |
PREFORMED LINE PRODUCTS COMPANY STATEMENTS OF CONSOLIDATED INCOME
| |||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||
2025 | 2024 | 2025 | 2024 | ||||
(Thousands, except per share data) | (Unaudited) | (Unaudited) | |||||
Net sales | $ 169,601 | $ 138,720 | $ 318,142 | $ 279,625 | |||
Cost of products sold | 114,202 | 94,447 | 214,072 | 191,220 | |||
GROSS PROFIT | 55,399 | 44,273 | 104,070 | 88,405 | |||
Costs and expenses | |||||||
Selling | 13,092 | 11,928 | 25,273 | 23,828 | |||
General and administrative | 18,665 | 15,250 | 36,291 | 31,858 | |||
Research and engineering | 5,695 | 5,358 | 11,174 | 10,789 | |||
Other operating expense (income), net | 823 | 445 | 1,078 | (921) | |||
38,275 | 32,981 | 73,816 | 65,554 | ||||
OPERATING INCOME | 17,124 | 11,292 | 30,254 | 22,851 | |||
Other income (expense) | |||||||
Interest income | 384 | 346 | 894 | 1,318 | |||
Interest expense | (318) | (568) | (694) | (1,276) | |||
Other income, net | 116 | 91 | 523 | 126 | |||
182 | (131) | 723 | 168 | ||||
INCOME BEFORE INCOME TAXES | 17,306 | 11,161 | 30,977 | 23,019 | |||
Income tax expense | 4,606 | 1,794 | 6,724 | 4,049 | |||
NET INCOME | $ 12,700 | $ 9,367 | $ 24,253 | $ 18,970 | |||
Net loss (income) attributable to noncontrolling interests | 5 | (1) | (31) | (8) | |||
NET INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS | $ 12,705 | $ 9,366 | $ 24,222 | $ 18,962 | |||
AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING: | |||||||
Basic | 4,932 | 4,915 | 4,930 | 4,915 | |||
Diluted | 4,955 | 4,964 | 4,955 | 4,955 | |||
EARNINGS PER SHARE OF COMMON STOCK ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS: | |||||||
Basic | $ 2.58 | $ 1.91 | $ 4.91 | $ 3.86 | |||
Diluted | $ 2.56 | $ 1.89 | $ 4.89 | $ 3.83 | |||
Cash dividends declared per share | $ 0.20 | $ 0.20 | $ 0.40 | $ 0.40 | |||
View original content to download multimedia:https://www.prnewswire.com/news-releases/preformed-line-products-announces-second-quarter-2025-financial-results-302517462.html
SOURCE Preformed Line Products Company
FAQ
What were PLPC's Q2 2025 earnings per share?
How much did Preformed Line Products' revenue grow in Q2 2025?
What is the impact of tariffs on PLPC's business?
How did PLPC perform in the first half of 2025?
What was PLPC's gross margin in Q2 2025?
