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
Metric
Beat/Miss
Actual
Consensus 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
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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.)