---
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"
generated_at: "2026-06-03T03:34:03.803195+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PLPC Q1 2024 net sales down 22% to $140.9M; EPS falls to $1.94 from $4.28

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051318
- JSON: https://secwatch.observer/filing/0000950170-24-051318.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051318.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter of 2024
  - Revenue: $140.9 million
  - Net income: $9.6 million, or $1.94 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/80035/000095017024051318/0000950170-24-051318-index.htm

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