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PLPC Preformed Line Products Co News Story

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Preformed Line Products' Q3 sales up on strong performance in energy market

Overview

Preformed Line Products Q3 net sales rise 21% yr/yr, driven by energy and communication markets

Adjusted EPS for Q3 rises 36% yr/yr, excluding pension termination charge

Company completes U.S. Pension Plan termination, incurring $11.7 mln non-cash charge

Outlook

Company expects selling price increases to eventually offset tariff-related cost impacts

Company sees uncertainty in customer demand due to tariffs

Result Drivers

ENERGY AND COMMUNICATION SALES - Strong performance in energy and communication markets drove Q3 sales increase

INTERNATIONAL SEGMENTS - International sales boosted by higher energy product sales and JAP Telecom acquisition

TARIFF IMPACT - Tariffs and LIFO costs affected net income, offset by higher sales margins and lower interest expense

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$178.08 mln
Q3 EPS$0.53
Q3 Net Income$2.61 mln
Q3 Gross Profit$52.84 mln
Q3 Operating income$13.13 mln
Q3 Pretax Profit$2.35 mln
Analyst Coverage The one available analyst rating on the shares is "buy" 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 $200.00, about 14.4% below its October 28 closing price of $228.79 Press Release: ID:nPn5tvzwna For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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