secwatch.observer — SEC 8-K summary
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Issuer:     PREFORMED LINE PRODUCTS CO (PLPC)
CIK:        0000080035
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950170-23-057480
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Preformed Line Products Q3 EPS $3.03, up 28% YoY; revenue down 3% to $160.4M
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- Net sales $160.4M, down 3% YoY largely due to communications market weakness.
- Diluted EPS of $3.03 vs $2.36 in Q3 2022, a 28% improvement.
- Gross margin 33.7%, down 150 bps from prior-year quarter.
- Backlog reduced 21% due to customer inventory destocking and lower order rates.
- YTD net income $57.0M ($11.39/diluted share), up 50% from $37.9M a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80035/000095017023057480/0000950170-23-057480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80035/000095017023057480/plpc-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057480

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