earnings
confidence high
sentiment positive
materiality 0.70
Preformed Line Products Q2 net sales $163.5M (+23% YoY); EPS $2.77 (+54%) record quarter
PREFORMED LINE PRODUCTS CO
2022-Q2 EPS reported
$5.25
revenue$301,694,000
- Net sales $163.5M vs $133.0M in Q2 2021; constant-currency growth higher as FX trimmed $5.5M.
- Diluted EPS $2.77 vs $1.80; net income $13.7M vs $8.9M; both all-time quarterly records.
- YTD net sales $301.7M (+20%), net income $26.0M ($5.25 EPS) vs $16.0M ($3.25) a year ago.
- Growth driven by strong volume in energy/communications, recent acquisitions, and price increases offsetting inflation.
- All regions except Asia-Pacific posted higher sales; CEO notes additional price adjustments may be needed.