secwatch.observer — SEC 8-K summary
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Issuer:     PREFORMED LINE PRODUCTS CO (PLPC)
CIK:        0000080035
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0001564590-22-008524
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLPC Q4 2021 net sales $131.4M (+10.9% YoY); diluted EPS $1.79 vs $0.53
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- Full-year 2021 net sales $517.4M (third consecutive record), up 10.9% YoY; net income $35.7M ($7.19 EPS) vs $29.8M ($5.98) in 2020.
- Domestic net sales rose 28% YoY; EMEA growth offset shortfalls in Americas and Asia-Pacific regions.
- Credit facility increased from $65M to $90M; maturity extended to March 2026; interest rate index switched from LIBOR to BSBY.
- Management expects COVID-19 and inflation to challenge business into 2022; further price increases may be needed.
- Fourth quarter net income benefited from higher gross profit on incremental sales and price increases offsetting raw material and transport cost inflation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80035/000156459022008524/0001564590-22-008524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80035/000156459022008524/plpc-8k_20220303.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-008524

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