Preformed Line Products Q3 sales up 6.2% but EPS falls to $2.15 from $2.59; costs weigh

PREFORMED LINE PRODUCTS CO

2021-Q3 EPS reported $5.40 revenue$385,971,000

Net sales $135.4M (+6.2% YoY); currency favorable $2.0M.
Net income $10.7M ($2.15 diluted EPS) vs $13.0M ($2.59) in Q3 2020.
Rising raw material/transport costs offset by price increase effective June 1, 2021; second price increase effective Oct 15, 2021.
First nine months: sales $386.0M (+11.0%), net income $26.8M ($5.40 EPS) vs $27.1M ($5.43).
CEO expects price increases to mitigate cost inflation in Q4 2021 and beyond.

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