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PREFORMED LINE PRODUCTS CO (PLPC) has a notice from 10% stockholder Randall M. Ruhlman to sell 10,000 shares of common stock under Rule 144 through Charles Schwab Corp. The planned sale has an aggregate market value of $4,447,600.00 on NASDAQ.
The seller reports ownership of 4,888,701 shares outstanding for this class as referenced in the notice, and the shares derive from an inheritance. In the past three months, the same seller disposed of 9,121 shares of common stock for $3,266,686.15.
Preformed Line Products director Glen E. Corlett reported selling 2,000 common shares on 2026-08-05 in a sale described as an open-market or private transaction at $457.02 per share, from shares held indirectly via an IRA. Following this sale, he continues to hold 5,611 common shares directly and none indirectly via the IRA.
Preformed Line Products Executive Chairman and 10% owner Robert G. Ruhlman reported bona fide gifts totaling 36,000 common shares of the company. He transferred 18,000 shares each to two 2025 Generation-Skipping Trusts for family beneficiaries and continues to report various indirect holdings through trusts, his spouse, a Roth IRA, a 401(k) plan and a rabbi trust.
CROSS MAEGAN ADAMS RUHLMAN reported acquisition or exercise transactions in this Form 4 filing.
Maegan Adams Ruhlman Cross, a director of Preformed Line Products, reported receiving 18,000 common shares on June 9, 2026 as a bona fide gift. The shares are held indirectly in a generation-skipping trust she trustees. She also holds 5,972 shares directly and 509 shares indirectly via an IRA after the report.
Ruhlman Jon Ryan reported acquisition or exercise transactions in this Form 4 filing.
PREFORMED LINE PRODUCTS CO President and director Jon Ryan Ruhlman reported that a trust for his benefit received a bona fide gift of 18,000 common shares on June 9, 2026, bringing that trust’s indirect holdings to 18,000 shares. He also reports direct ownership of 2,784 common shares, additional indirect holdings through retirement and deferred compensation plans, and restricted stock units covering 1,386 and 1,380 underlying shares.
Preformed Line Products large shareholder Randall M. Ruhlman reported an internal restructuring involving 9,121 common shares at $358.15 per share. One trust disposed of the shares and another trust he administers acquired the same amount, described as an exchange of cash for stock for estate planning purposes.
Preformed Line Products Company delivered record net sales of $212.7 million for the quarter ended June 30 2026, up from $169.6 million, with operating income of $27.9 million (13.1% of net sales) and net income of $21.5 million, or diluted EPS of $4.49.
For the first six months, net sales were $389.0 million versus $318.1 million, gross margin was 33.0%, and net income attributable to shareholders was $32.0 million, or $6.62 diluted EPS. Growth was led by PLP‑USA energy products, with additional contributions from The Americas and EMEA and modest foreign‑currency tailwinds.
Cash and equivalents were $76.2 million and total debt $42.8 million, including $6.7 million drawn on a $60.0 million revolving facility, resulting in a bank‑debt‑to‑equity ratio of 8.6%. The company continued to invest through $17.0 million of capital spending and the Delta Star acquisition, while noting ongoing tariff and geopolitical pressures on materials costs.
Preformed Line Products Company reported record second-quarter 2026 results, highlighted by net sales of $212.7 million, up 25% from Q2 2025 and 21% from Q1 2026. USA sales grew 32% year over year and 12% sequentially, driven mainly by strong demand in energy markets, with communications also contributing. All international segments increased sales, and the Americas segment benefited from the May 2026 acquisition of Delta Star Conetores Electricos Ltda. Foreign currency translation added $6.0 million to Q2 net sales.
Gross profit margin reached 34.3%, 160 basis points higher than Q2 2025 and 300 basis points higher than Q1 2026. Net income attributable to shareholders was $21.5 million, or record diluted EPS of $4.49, compared with $12.7 million, or $2.56, a year earlier, primarily reflecting higher volumes, favorable product mix, fixed cost leverage and pricing actions, partly offset by higher selling and personnel costs and tariff headwinds. For the first six months of 2026, net sales rose 22% to $389.0 million and net income attributable to shareholders increased to $32.0 million, or $6.62 per diluted share, compared with $24.2 million, or $4.89, in 2025.
Preformed Line Products Company, through its subsidiary PLP Canada LTD, acquired a manufacturing facility and related land in Canada on July 21, 2026 for approximately CAD23.5 million ($16.7 million).
PLP Canada paid the entire purchase price in cash on hand. The transaction will be accounted for as an asset acquisition and is intended to expand PLP Canada's manufacturing capacity and support future growth initiatives.
Wasatch Advisors reported a significant ownership position in Preformed Line Products Co common stock. The firm beneficially owns 377,367 shares, representing 7.7% of the class. It holds sole voting power over 275,995 shares and sole dispositive power over all 377,367 shares, with no shared voting or dispositive authority disclosed.