Preformed Line Products Company (NASDAQ: PLPC) reported financial results for the third quarter of 2026, filing an -K with the SEC on October 28, 2026. The company announced quarterly net sales of $209.5 million, representing an 18% increase compared to the same period in 2025.
For the nine months ended September 30, 2026, total net sales reached $598.5 million, a 21% increase over the $496.2 million reported for the first nine months of 2025. The company noted that foreign currency translation positively impacted net sales by $3.1 million for the quarter and $16.2 million for the nine-month period.
Gross profit margin for the third quarter was 33.4%, an increase of 370 basis points from the prior year. Net income for the quarter was $18.0 million, or $3.56 per diluted share, compared to $2.6 million, or $0.53 per diluted share, in the prior year. When adjusted for the charges related to the U.S. Pension Plan termination that occurred in Q3 2025, diluted earnings per share increased by 70%.
The company highlighted strong performance across its segments. PLP-USA saw sales growth driven by transmission and distribution markets, contributing over $100 million in net sales for the second consecutive quarter. The Americas segment grew net sales by 7% on a constant-currency basis, aided by the May 2026 acquisition of Delta Star Conetores Electricos Ltda. The Asia-Pacific segment grew net sales by 17% on a constant-currency basis, driven by higher energy sales volumes.
Regarding cash flow, Preformed Line Products reported operating cash flow of $68.1 million for the first nine months of 2026, a 95% increase compared to the same period in 2025. The company ended the quarter with $99.3 million in cash and $53.9 million of available credit.
Executive Chairman Rob Ruhlman stated that the company is focused on investing in people and facilities, pursuing acquisitions, and returning capital to shareholders.
