Preformed Line Products Q2 sales up 13.1% to $133M, EPS drops to $1.80 from $2.11

PREFORMED LINE PRODUCTS CO

2021-Q2 EPS reported $3.25 revenue$250,591,000

Net sales $133.0M vs $117.6M in Q2 2020; currency added $6.2M (5.3%).
Net income $8.9M ($1.80 diluted EPS) vs $10.5M ($2.11) a year ago.
Gross profit hurt by significant raw material and transportation cost increases.
First-half 2021 net sales $250.6M (+13.7%); net income $16.0M ($3.25 EPS).
CEO cites PLP USA communications growth; plans facility investments for capacity.

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