Preformed Line Products Q2 net sales up 11% to $181.8M; diluted EPS $4.08 (+47% YoY)

PREFORMED LINE PRODUCTS CO

2023-Q2 EPS reported $8.35 revenue$363,637,000

Net sales of $181.8M in Q2 2023, up 11% from $163.5M in Q2 2022.
Diluted EPS of $4.08, up 47% from $2.77 in Q2 2022.
Gross profit margin improved to 36.5% from 32.3% in Q2 2022 (+420 bps).
H1 2023 net sales $363.6M (+21% YoY); net income $41.9M ($8.35 diluted EPS).
Backlog decreased 29% from beginning of 2023, improving lead times.

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 0.95

PREFORMED LINE PRODUCTS CO reported second quarter of 2023 results: revenue $181.8 million, net income $20.5 million, EPS $4.08 per diluted share.

Period: second quarter of 2023
Revenue: $181.8 million
Net income: $20.5 million
EPS: $4.08 per diluted share
Result: reported results

Exact text from the filing

achieved in Q1 2023 • Gross profit margin of 36.5%, consistent with Q1 2023 • Diluted EPS of $4.08, an increase of 47% from Q2 2022 Net sales in the second quarter of 2023 were $181.8 million compared to $163.5 million in the second quarter of 2022, an 11% increase. Foreign currency translation reduced second quarter 2023 net sales by $2.5 million. Net income for the

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Source: SEC EDGAR

accession 0000950170-23-037222

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