secwatch.observer — SEC 8-K summary
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Issuer:     PREFORMED LINE PRODUCTS CO (PLPC)
CIK:        0000080035
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000950170-24-028087
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80035/000095017024028087/0000950170-24-028087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80035/000095017024028087/plpc-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-028087

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