Preformed Line Products Q1 revenue up 19%, net income hit by costs and French tax charge

Preformed Line Products Co

29/04/2026 21:39

Overview

Network infrastructure maker's Q1 revenue rose 19% yr/yr, driven by energy and communications demand

Diluted EPS for Q1 was $2.14, up from Q4 but down from Q1 2025

Net income impacted by higher personnel costs and French tax charge

Outlook

Company says ongoing tariff and geopolitical uncertainties present challenges for future performance

Company remains focused on supply chain optimization and efficiency investments to manage margin pressures

Result Drivers

U.S. SALES GROWTH - Company said 26% U.S. sales growth was driven by robust demand in energy and communications markets

GROSS MARGIN IMPROVEMENT - Gross profit margin rose 150 basis points from Q4 2025, attributed to supply chain optimization, pricing strategies, and investment in efficiency and innovation

HIGHER PERSONNEL COSTS - Increased personnel costs to support market growth in energy and communications impacted period expenses

Company press release: ID:nPn8HcrSwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$176.28 mln
$178 mln (1 Analyst)
Q1 EPS
$2.14
Q1 Net Income
$10.55 mln
Q1 Gross Profit
$55.22 mln
Q1 Operating income
$13.72 mln
Q1 Pretax Profit
$14.33 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $275.00, about 22.9% below its April 28 closing price of $356.50

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)