secwatch.observer — SEC 8-K summary
======================================

Issuer:     PREFORMED LINE PRODUCTS CO (PLPC)
CIK:        0000080035
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001564590-21-052662
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80035/000156459021052662/0001564590-21-052662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80035/000156459021052662/plpc-8k_20211028.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-052662

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer