Preformed Line Products Q1 net sales +18% to $138.2M; EPS $2.49 (+72%)

PREFORMED LINE PRODUCTS CO

2022-Q1 EPS reported $2.49 revenue$138,223,000

Diluted EPS of $2.49 vs $1.45 in Q1 2021, including $4.4M life insurance gain and $1.0M Russia wind-down charge.
Net sales rose 18% to $138.2M despite $2.5M unfavorable currency impact.
All regions except Asia-Pacific posted sales growth; PLP USA led on communications demand.
Two acquisitions completed during the quarter; additional selling price increases implemented.
Management cites inflation headwinds but positive volume growth and strong start to 2022.

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