secwatch.observer — SEC 8-K summary
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Issuer:     PREFORMED LINE PRODUCTS CO (PLPC)
CIK:        0000080035
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001564590-22-035944
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLPC Q3 net sales $165.4M (+22% YoY); adjusted net income record $18.4M
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- Q3 net sales $165.4M (+22% YoY); diluted EPS $2.36 (+10% from $2.15).
- Net income $11.9M includes $6.5M goodwill impairment for Asia-Pacific; adjusted net income $18.4M was a quarterly record (+72%).
- Gross margin expanded to 35.2% from 31.9% on operational efficiencies and price increases.
- Nine-month net sales $467.1M (+21%); net income $37.9M ($7.60 EPS) vs $26.8M ($5.40 EPS) prior year.
- Currency translation unfavorably impacted Q3 net sales by $8.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80035/000156459022035944/0001564590-22-035944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80035/000156459022035944/plpc-8k_20221101.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-035944

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