{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-051318","form_type":"8-K","ticker":"PLPC","cik":"0000080035","company_name":"PREFORMED LINE PRODUCTS CO","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.011276+00:00","generated_at":"2026-06-03T03:34:03.803195+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PLPC Q1 2024 net sales down 22% to $140.9M; EPS falls to $1.94 from $4.28","bullets":["Net sales $140.9M vs $181.8M YoY (-22%); net income $9.6M ($1.94 diluted EPS) vs $21.4M ($4.28).","Gross margin 31.3%; decline driven by lower sales volume, partially offset by SG&A cost cuts.","Communications end-market weakness due to higher rates, delayed BEAD stimulus, and inventory overhang.","Company maintains focus on product development, manufacturing streamlining, and customer service despite demand softness."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-051318","json":"https://secwatch.observer/filing/0000950170-24-051318.json","markdown":"https://secwatch.observer/filing/0000950170-24-051318.md","text":"https://secwatch.observer/filing/0000950170-24-051318.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80035/000095017024051318/0000950170-24-051318-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80035/000095017024051318/plpc-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:34:03.803195+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"789b320cb0b3c337ca99dfa08383f439056a6ca1","claim":"PREFORMED LINE PRODUCTS CO reported first quarter of 2024 results: revenue $140.9 million, net income $9.6 million, or $1.94 per diluted share.","evidence_excerpt":"OHIO – MAY 1, 2024 - Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its first quarter of 2024. Net sales in the first quarter of 2024 were $140.9 million compared to $181.8 million in the first quarter of 2023, a 22% decrease due primarily to a slowdown in spending within the communications end market. Foreign currency translation","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/80035/000095017024051318/0000950170-24-051318-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Revenue","value":"$140.9 million"},{"label":"Net income","value":"$9.6 million, or $1.94 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}