Preformed Line Products Q1 net sales $181.8M, EPS $4.28, both record highs

PREFORMED LINE PRODUCTS CO

2023-Q1 EPS reported $4.28 revenue$181,824,000

Net sales $181.8M, up 32% YoY; net income $21.4M, record quarterly earnings.
Diluted EPS $4.28 vs $2.49 in Q1 2022, an increase of 72%.
Gross margin 36.5%, +610 bps from prior year quarter.
All regions posted improved net sales and pre-tax earnings vs Q1 2022.
Backlog and lead times reduced; four acquisitions in last five quarters contributing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PREFORMED LINE PRODUCTS CO reported first quarter of 2023 results: revenue Net sales in the first quarter of 2023 were $181.8 million compared to $138.2 million in the first quarter of 2022, net income Net income for the quarter ended March 31, 2023 was $21.4 million, or $4.28 per diluted share, compared to $12.3 million, EPS Diluted EPS of $4.28, an increase of 72% from Q1 2022.

Period: first quarter of 2023
Revenue: Net sales in the first quarter of 2023 were $181.8 million compared to $138.2 million in the first quarter of 2022
Net income: Net income for the quarter ended March 31, 2023 was $21.4 million, or $4.28 per diluted share, compared to $12.3 million
EPS: Diluted EPS of $4.28, an increase of 72% from Q1 2022
Result: reported results

Exact text from the filing

Net sales in the first quarter of 2023 were $181.8 million compared to $138.2 million in the first quarter of 2022, a 32% increase and a new record for quarterly shipments.

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Source: SEC EDGAR

accession 0000950170-23-017203

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