---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-028087"
form_type: "8-K"
ticker: "PLPC"
cik: "0000080035"
company_name: "PREFORMED LINE PRODUCTS CO"
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T02:09:23.188317+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Preformed Line Products FY 2023 net sales record $669.7M (+5%); Q4 net income drops 62% to $6.3M

## Summary
- Full-year diluted EPS $12.68 (record, +17% YoY); net income $63.3M.
- Q4 net sales $145.6M (-14% YoY) due to communication market softness and customer destocking.
- Q4 net income $6.3M ($1.29 EPS) vs $16.5M ($3.28 EPS) in Q4 2022; impacted by $2.3M foreign currency losses and $3.5M customer charges.
- Management expects BEAD program to drive communications demand in late 2024/early 2025.
- Fifth consecutive year of record annual net sales; fourth consecutive year of EPS growth.

## SEC filing metadata
- accession: 0000950170-24-028087
- form_type: 8-K
- ticker: PLPC
- cik: 0000080035
- company_name: PREFORMED LINE PRODUCTS CO
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80035/000095017024028087/0000950170-24-028087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80035/000095017024028087/plpc-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-028087
- JSON: https://secwatch.observer/filing/0000950170-24-028087.json
- Plain text: https://secwatch.observer/filing/0000950170-24-028087.txt

## Key facts
- Earnings Releases
  PREFORMED LINE PRODUCTS CO reported financial results for the fourth quarter and full year ended December 31, 2023.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Result: reported results
  source text: On March 7, 2024, Preformed Line Products Company issued a press release announcing earnings for the fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/80035/000095017024028087/0000950170-24-028087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.