Preformed Line Products Q2 revenue jumps 25% to record high on energy demand

Preformed Line Products

29/07/2026 21:47

Overview
US energy and communications hardware maker's Q2 revenue rose 25% yr/yr to record high
Diluted EPS for Q2 jumped 75% yr/yr to $4.49, also a record
Growth driven by robust energy market demand, improved margins, and recent Delta Star acquisition

Outlook
Company did not provide specific financial guidance for the current quarter or full year

Result Drivers
ENERGY MARKET DEMAND - Co said strong demand in energy markets, especially in the U.S., drove sales growth
DELTA STAR ACQUISITION - Americas segment benefited from acquisition of Delta Star in Brazil in May 2026
MARGIN IMPROVEMENT - Gross margin rose due to pricing strategies, supply chain discipline, and operational efficiency

Company press release: ID:nPn1kJBRBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$212.68 mln
$193 mln (1 Analyst)
Q2 EPS
 
$4.49
 
Q2 Net Income
 
$21.51 mln
 
Q2 Gross Profit
 
$73.01 mln
 
Q2 Operating income
 
$27.90 mln
 
Q2 Pretax Profit
 
$28.45 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Preformed Line Products Co is $372.00, about 25.2% above its July 28 closing price of $297.11
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 26 three months ago

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July 28 - Crane Company Q2 sales rise 26%, beat estimates; outlook raised

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)