Preformed Line Products Q4 net sales +15% YoY to $167.1M; EPS $2.13 (+65%)

PREFORMED LINE PRODUCTS CO

Q4 net sales $167.1M (+15% vs Q4 2023, +14% sequential); diluted EPS $2.13 (vs $1.29).
Full-year net sales $593.7M (-11% YoY) due to U.S. energy/comm destocking; net income $37.1M ($7.50 EPS).
Debt reduced by $33.7M in 2024 on strong cash generation and lower capex.
International subsidiaries drove Q4 growth; U.S. weak on BEAD delay and customer destocking.
Executive Chairman sees destocking nearing end; focus on new products, automation, and acquisitions.

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