Preformed Line Products (NASDAQ: PLPC) delivers record Q2 2026 sales and EPS
Rhea-AI Filing Summary
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.
Positive
- Record Q2 2026 performance with net sales of $212.7 million, up 25% year over year and 21% sequentially, and record diluted EPS of $4.49, up 75% from Q2 2025.
- Margin expansion as gross profit margin reached 34.3%, improving 160 basis points versus Q2 2025 and 300 basis points versus Q1 2026, indicating stronger profitability on higher volumes.
- Strong first-half 2026 growth with net sales of $389.0 million, up 22% from 2025, and diluted EPS of $6.62 compared with $4.89, supported by broad-based segment contributions and pricing benefits.
Negative
- None.
Filing Explained
At June 30, 2026, the balance sheet showed 4,880,701 common shares issued and outstanding and $76,212 thousand in cash, cash equivalents and restricted cash.
This Form 8-K reports the completed quarter ended
Form 8-K is used for specified material events, and this filing places the company’s reported cash, liabilities, debt and equity at the following June 30 levels:
The balance sheet reports 4,880,701 common shares issued and outstanding and 2,065,490 treasury shares at
8-K Event Classification
3 items: 2.02, 7.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q2 2026 net sales: $212.7 million
Q2 2026 diluted EPS: $4.49 per share
Q2 2026 gross profit margin: 34.3%
+4 more
7 metrics
Q2 2026 net sales
$212.7 million
Record quarterly net sales, 25% above Q2 2025 and 21% above Q1 2026
Q2 2026 diluted EPS
$4.49 per share
Record diluted EPS, up 75% from $2.56 in Q2 2025 and more than double Q1 2026
Q2 2026 gross profit margin
34.3%
Gross profit margin increased 160 basis points from Q2 2025 and 300 basis points from Q1 2026
Six months 2026 net sales
$389.0 million
Net sales for the first six months of 2026 increased from $318.1 million in 2025, a 22% rise
Six months 2026 diluted EPS
$6.62 per share
Diluted EPS for the first six months of 2026 compared with $4.89 per share in 2025
Cash and cash equivalents June 30, 2026
$76,212 thousand
Cash, cash equivalents and restricted cash at June 30, 2026 on the consolidated balance sheet
Total assets June 30, 2026
$697,489 thousand
Total assets as of June 30, 2026 versus $653,621 thousand at December 31, 2025
Key Terms
gross profit margin, fixed cost leverage, foreign currency translation, forward-looking statements, +1 more
5 terms
gross profit margin financial
"Gross profit margin of 34.3%, up 160 basis points from Q2 2025"
Gross profit margin shows how much money a company keeps from sales after paying for the goods or services it sold. It’s like checking how much profit is left over from each dollar earned before covering other costs. A higher margin indicates the company makes more money from its sales, which helps assess its profitability and efficiency.
fixed cost leverage financial
"driven by higher sales volumes, favorable product mix, fixed cost leverage and the benefit"
foreign currency translation financial
"Foreign currency translation increased second-quarter 2026 net sales by $6.0 million"
Foreign currency translation is the process of converting financial statements prepared in one currency into another currency so they can be combined or compared. Investors care because exchange rate swings can change reported revenue, profit and asset values even when a company’s underlying business hasn’t changed — like converting vacation spending back to your home money and seeing the total rise or fall depending on the day’s exchange rate.
forward-looking statements regulatory
"This news release contains “forward-looking statements” within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
noncontrolling interest financial
"Noncontrolling interest | 58 | | | 33"
The portion of a business owned by investors other than the controlling owner when one company has control of another; it represents outside shareholders’ share of the subsidiary’s assets and profits. For investors, it matters because those outside claims reduce the amount of profit and net assets attributable to the parent owner — similar to saying part of a pizza belongs to someone else — and thus affects earnings, book value and valuation.
Earnings Snapshot
Q2 2026 net sales: $212.7 million
Quarter and six months ended June 30, 2026
Q2 2026 net sales
$212.7 million
25% above $169.6 million in Q2 2025 and 21% above Q1 2026
Q2 2026 diluted EPS
$4.49
Up 75% from $2.56 in Q2 2025 and more than double Q1 2026
Six months 2026 net sales
$389.0 million
Increased 22% from $318.1 million in the first six months of 2025
Six months 2026 diluted EPS
$6.62
Compared with $4.89 in the first six months of 2025
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were Preformed Line Products' (PLPC) Q2 2026 net sales and growth?
Preformed Line Products generated Q2 2026 net sales of $212.7 million, a 25% increase over Q2 2025 and 21% above Q1 2026. USA sales grew 32% year over year and 12% sequentially, with all international segments also posting higher sales versus the prior year.
How did PLPC perform in the first six months of 2026 versus 2025?
For the first six months of 2026, PLPC reported net sales of $389.0 million, up 22% from $318.1 million in 2025. Net income attributable to shareholders was $32.0 million, or $6.62 diluted EPS, compared with $24.2 million, or $4.89 diluted EPS, a year earlier.
What drove PLPC's earnings growth in Q2 2026?
Q2 2026 earnings growth was driven by higher sales volumes, favorable product mix, fixed cost leverage and prior price increases. These positives were partially offset by higher selling costs, increased personnel investments to support strategic growth, and ongoing tariff headwinds affecting profitability.
How did foreign currency affect Preformed Line Products' 2026 results?
Foreign currency movements had a favorable impact on 2026 results. Translation effects increased Q2 2026 net sales by $6.0 million and boosted Q2 net income by $0.5 million. For the first six months of 2026, foreign currency translation added $13.2 million to net sales and $0.7 million to net income.
What was Preformed Line Products' gross profit margin in Q2 2026?
Preformed Line Products achieved a gross profit margin of 34.3% in Q2 2026. This margin was 160 basis points higher than in Q2 2025 and 300 basis points higher than in Q1 2026, reflecting effective pricing, supply chain discipline and operational efficiency improvements.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________________________________
FORM 8-K
_________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 29, 2026
_________________________________________________________
(Exact name of Registrant as Specified in Its Charter)
_________________________________________________________
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||
Registrant’s Telephone Number, Including Area Code: 440 461-5200
(Former Name or Former Address, if Changed Since Last Report)
_________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On July 29, 2026, Preformed Line Products Company issued a press release announcing earnings for the quarter ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except, as shall be expressly set forth by specific reference in such a filing.
Item 7.01 Regulation FD Disclosure
On July 29, 2026, the Company posted an investor presentation to its website at plp.com/investor-relations.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except, as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | Press release dated July 29, 2026, announcing earnings for the second quarter 2026 financial results | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PREFORMED LINE PRODUCTS COMPANY | |||||||||||
| Date: | July 29, 2026 | By: | /s/ Andrew S. Klaus | ||||||||
| Andrew S. Klaus, CFO | |||||||||||
 | Exhibit 99.1  | ||||
PREFORMED LINE PRODUCTS ANNOUNCES RECORD SECOND QUARTER 2026 FINANCIAL RESULTS
CLEVELAND, OHIO – July 29, 2026 - Preformed Line Products Company (NASDAQ: PLPC) today reported record financial results for its second quarter of 2026.
Q2 2026 highlights:
•Record quarterly net sales of $212.7 million, an increase of 25% from Q2 2025 and 21% from Q1 2026.
•Record quarterly USA sales, with growth of 32% from Q2 2025 and 12% from Q1 2026, driven by robust demand in energy markets, with communications markets also providing increases.
•Gross profit margin of 34.3%, up 160 basis points from Q2 2025 and 300 basis points from Q1 2026.
•Record quarterly diluted EPS of $4.49 per share, up 75% from Q2 2025 and more than doubling from Q1 2026.
Net sales in the second quarter of 2026 were $212.7 million compared to $169.6 million in the second quarter of 2025, a 25% increase. PLP-USA continued its strong 2026 performance driven primarily by growth in energy sales. All International segments also contributed, with each segment increasing sales from Q2 2025. The Americas segment also benefited from the acquisition of Delta Star Conetores Electricos Ltda ("Delta Star") in May 2026. Foreign currency translation increased second-quarter 2026 net sales by $6.0 million.
Net income for the quarter ended June 30, 2026, was $21.5 million, or $4.49 per diluted share, compared to $12.7 million, or $2.56 per diluted share, for the comparable period in 2025. The increase in net income was primarily driven by higher sales volumes, favorable product mix, fixed cost leverage and the benefit of price increases enacted in 2025. This increase was partially offset by increases in selling costs and investments in personnel supporting strategic market growth in our core product offerings, primarily for sales, sales support and engineering resources. Tariff headwinds also continued to impact net income. Foreign currency translation had a favorable impact of $0.5 million on the second quarter of 2026 net income.
Net sales increased 22% to $389.0 million for the first six months of 2026 compared to $318.1 million for the first six months of 2025. All segments realized a year-over-year increase in net sales due to higher volumes of energy and communications sales, driven most significantly by PLP-USA with a 29% net sales growth. Foreign currency translation rates increased net sales by $13.2 million for the six months ended June 30, 2026.
Net income for the six months ended June 30, 2026, was $32.0 million, or $6.62 per diluted share, compared to $24.2 million, or $4.89 per diluted share, for the comparable period in 2025. The increase in net income was due to higher sales volumes and the benefit of price increases enacted in 2025, partially offset by higher personnel and selling costs, tariff expenses and a higher effective tax rate for the six-month period. Foreign currency translation had a favorable impact of $0.7 million on six-month 2026 net income.
"What a quarter! I am so proud of our global team's execution, which delivered record second-quarter and first-half results," said Rob Ruhlman, Executive Chairman. "Our quarterly net sales and EPS, the highest in the Company's history, reflect the strength of demand in our core energy and communications markets and the resilience of our global operations. Our steadfast commitment to domestic manufacturing continues to provide a strategic advantage, with PLP-USA delivering exceptional 32% sales growth in the quarter. Our international segments continued to provide strong contributions, with each segment providing sales increases. In a very challenging operating environment, I am most encouraged by our 300-basis-point improvement in gross profit margin in Q2 2026 compared to Q1 2026, reflecting the effectiveness of our pricing strategies, supply chain discipline, and ongoing investment in operational efficiency. Our balance
sheet remains a source of strength, providing flexibility to pursue strategic growth opportunities while continuing to invest in our people and facilities. In the second quarter, we welcomed Delta Star, located in Salto, Brazil, to the PLP family. Delta Star provides significant operational support to accelerate growth in our U.S. substation business while also expanding our substation portfolio in the South American region."
"While we celebrate a record second quarter, we remain vigilant in monitoring the evolving tariff and geopolitical landscape, and I believe our significant U.S. manufacturing footprint, diversified global operations, and financially sound position make us well-equipped to navigate these challenges and continue investing in our business. Our focus is unchanged: provide our customers with the high-quality products and superior customer service they have come to expect from PLP.”
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, international hostilities, political instability, exchange rates, natural disasters and health epidemics, the strength of demand and availability of funding for the Company’s products (including in light of price increases) 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 and customer demand, 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 2025 Annual Report on Form 10-K filed with the SEC on March 5, 2026 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.
MEDIA RELATIONS | INVESTOR RELATIONS | |||||||
| JOSH NELSON | ANDREW S. KLAUS | |||||||
MANAGER, MARKETING COMMUNICATIONS | CHIEF FINANCIAL OFFICER | |||||||
+1 440 473 9120 | +1 440 473 9246 | |||||||
JOSH.NELSON@PLP.COM | ANDY.KLAUS@PLP.COM | |||||||
PREFORMED LINE PRODUCTS COMPANY (PLPC)
CONSOLIDATED BALANCE SHEET
| June 30, 2026 | December 31, 2025 | ||||||||||
| (Thousands of dollars, except share and per share data) | (Unaudited) | ||||||||||
| ASSETS | |||||||||||
| Cash, cash equivalents and restricted cash | $ | 76,212 | $ | 83,389 | |||||||
| Accounts receivable, net | 151,180 | 113,175 | |||||||||
| Inventories, net | 147,815 | 148,730 | |||||||||
| Prepaid expenses | 13,579 | 12,961 | |||||||||
| Other current assets | 7,730 | 5,206 | |||||||||
| TOTAL CURRENT ASSETS | 396,516 | 363,461 | |||||||||
| Property, plant and equipment, net | 227,558 | 222,781 | |||||||||
| Goodwill | 36,419 | 30,684 | |||||||||
| Other intangible assets, net | 9,458 | 10,140 | |||||||||
| Deferred income taxes | 7,205 | 7,481 | |||||||||
| Other assets | 20,333 | 19,074 | |||||||||
| TOTAL ASSETS | $ | 697,489 | $ | 653,621 | |||||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||
| Trade accounts payable | $ | 55,916 | $ | 49,520 | |||||||
| Notes payable to banks | 1,793 | 1,213 | |||||||||
| Current portion of long-term debt | 5,065 | 5,392 | |||||||||
| Accrued compensation and other benefits | 28,619 | 29,207 | |||||||||
| Accrued expenses and other liabilities | 41,141 | 29,378 | |||||||||
| TOTAL CURRENT LIABILITIES | 132,534 | 114,710 | |||||||||
| Long-term debt, less current portion | 35,919 | 32,860 | |||||||||
| Other noncurrent liabilities and deferred income taxes | 34,435 | 30,500 | |||||||||
| SHAREHOLDERS' EQUITY | |||||||||||
Common shares $2 par value per share, 15,000,000 shares authorized, 4,880,701 and 4,907,787 issued and outstanding, at June 30, 2026 and December 31, 2025 | 13,893 | 13,860 | |||||||||
Common shares issued to rabbi trust, 222,506 and 222,506 shares at June 30, 2026 and December 31, 2025, respectively | (9,586) | (9,586) | |||||||||
| Deferred compensation liability | 9,586 | 9,586 | |||||||||
| Paid-in capital | 68,604 | 67,217 | |||||||||
| Retained earnings | 614,326 | 584,360 | |||||||||
Treasury shares, at cost, 2,065,490 and 2,021,940 shares at June 30, 2026 and December 31, 2025, respectively | (148,777) | (136,554) | |||||||||
| Accumulated other comprehensive loss | (53,503) | (53,365) | |||||||||
| TOTAL PLPC SHAREHOLDERS' EQUITY | 494,543 | 475,518 | |||||||||
| Noncontrolling interest | 58 | 33 | |||||||||
| TOTAL SHAREHOLDERS' EQUITY | 494,601 | 475,551 | |||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 697,489 | $ | 653,621 | |||||||
PREFORMED LINE PRODUCTS COMPANY
STATEMENTS OF CONSOLIDATED INCOME
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| (Thousands, except per share data) | (Unaudited) | (Unaudited) | |||||||||||||||||||||
| Net sales | $ | 212,681 | $ | 169,601 | $ | 388,959 | $ | 318,142 | |||||||||||||||
| Cost of products sold | 139,669 | 114,202 | 260,727 | 214,072 | |||||||||||||||||||
| GROSS PROFIT | 73,012 | 55,399 | 128,232 | 104,070 | |||||||||||||||||||
| Costs and expenses | |||||||||||||||||||||||
| Selling | 15,388 | 13,092 | 29,157 | 25,273 | |||||||||||||||||||
| General and administrative | 21,529 | 18,665 | 42,582 | 36,291 | |||||||||||||||||||
| Research and engineering | 7,155 | 5,695 | 13,891 | 11,174 | |||||||||||||||||||
| Other operating expense, net | 1,038 | 823 | 984 | 1,078 | |||||||||||||||||||
| 45,110 | 38,275 | 86,614 | 73,816 | ||||||||||||||||||||
| OPERATING INCOME | 27,902 | 17,124 | 41,618 | 30,254 | |||||||||||||||||||
| Other income (expense) | |||||||||||||||||||||||
| Interest income | 634 | 384 | 1,411 | 894 | |||||||||||||||||||
| Interest expense | (239) | (318) | (471) | (694) | |||||||||||||||||||
| Other income, net | 149 | 116 | 218 | 523 | |||||||||||||||||||
| 544 | 182 | 1,158 | 723 | ||||||||||||||||||||
| INCOME BEFORE INCOME TAXES | 28,446 | 17,306 | 42,776 | 30,977 | |||||||||||||||||||
| Income tax expense | 6,938 | 4,606 | 10,719 | 6,724 | |||||||||||||||||||
| NET INCOME | $ | 21,508 | $ | 12,700 | $ | 32,057 | $ | 24,253 | |||||||||||||||
Net loss (income) attributable to noncontrolling interests | — | 5 | (25) | (31) | |||||||||||||||||||
| NET INCOME ATTRIBUTABLE TO PLPC SHAREHOLDERS | $ | 21,508 | $ | 12,705 | $ | 32,032 | $ | 24,222 | |||||||||||||||
| AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING: | |||||||||||||||||||||||
| Basic | 4,774 | 4,932 | 4,815 | 4,930 | |||||||||||||||||||
| Diluted | 4,794 | 4,955 | 4,838 | 4,955 | |||||||||||||||||||
| EARNINGS PER SHARE OF COMMON STOCK ATTRIBUTABLE TO PLPC SHAREHOLDERS: | |||||||||||||||||||||||
| Basic | $ | 4.51 | $ | 2.58 | $ | 6.65 | $ | 4.91 | |||||||||||||||
| Diluted | $ | 4.49 | $ | 2.56 | $ | 6.62 | $ | 4.89 | |||||||||||||||
| Cash dividends declared per share | $ | 0.21 | $ | 0.20 | $ | 0.42 | $ | 0.40 | |||||||||||||||