The strong revenue growth and margin expansion reflect sustained demand in domestic energy markets and successful price increases. With $99.3M cash and $53.9M available credit, the company has capacity for further acquisitions or capital returns. Monitor the next 10-Q for continued margin trajectory and any tariff impact updates.
Price Chart
Executive Summary
Preformed Line Products reported Q3 2026 net sales of $209.5M (+18% YoY) and diluted EPS of $3.56, compared to $0.53 in Q3 2025 which included a $1.56/share pension termination charge. Adjusted EPS rose 70% YoY. Gross margin expanded 370 bps to 33.4% and operating cash flow increased 95% to $68.1M year-to-date. The company did not provide forward guidance.
Key Financial Metrics
Key Facts
- Q3 2026 net sales $209.5M, up 18% from $178.1M in Q3 2025
- Diluted EPS $3.56 vs $0.53 in Q3 2025 (prior year included $1.56/share pension termination charge)
- Gross profit margin 33.4%, up 370 bps from Q3 2025
- Operating cash flow $68.1M for nine months ended Sep 30, 2026, up 32% YoY
- Cash and equivalents $99.3M at Sep 30, 2026 vs $83.4M at Dec 31, 2025
- PLP-USA segment delivered over $100M in net sales for second consecutive quarter
- EPS of $3.56 exceeded consensus estimate of $3.37 (surprise +5.6%)
- Revenue of $209.5M was below consensus estimate of $215.0M (miss of -2.6%)
Financial Impact
Net income $18.0M vs $2.6M in Q3 2025; operating income $24.9M vs $13.1M; operating cash flow $68.1M YTD vs $51.5M prior year
Segment Breakdown
| Segment | Growth |
|---|---|
| PLP-USA | Not reported |
| The Americas (international) | +7.0% |
| Asia-Pacific | +17.0% |
Risk Factors
- Tariff headwinds continue to impact net income as noted by management
- Revenue missed consensus by 2.6% despite strong YoY growth
- Geopolitical and macroeconomic uncertainties cited as ongoing risks
- Selling and freight costs increased, partially offsetting margin gains
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000080035-26-000034 |
| Document: plpc-20261028.htm | 0000080035-26-000034 |
| Document: 0000080035-26-000034-index-headers.html | 0000080035-26-000034 |
| Document: 0000080035-26-000034-index.html | 0000080035-26-000034 |
| Document: 0000080035-26-000034.txt | 0000080035-26-000034 |
| 8-K Data (Synthetic) | 0000080035-26-000034 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 today | 8-K | $291.15 | awaiting T+60 | awaiting T+60 | $291.15 (−0.00%) |
Oct 28, 2026 2d ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 28, 2026 2d ago | Press Release | $320.01 | awaiting T+60 | awaiting T+60 | $291.15 (−9.02%) |
Oct 9, 2026 21d ago | SC 13G/A | $383.49 | awaiting T+60 | awaiting T+60 | $291.15 (−24.08%) |
Sep 17, 2026 6w ago | Press Release | $412.17 | awaiting T+60 | awaiting T+60 | $291.15 (−29.36%) |
Jul 29, 2026 13w ago | Press Release | $368.46 $329.37 | ▼ −10.61% | ▼ −13.07% | $291.15 (−20.98%) |
Jun 11, 2026 20w ago | Institutional Cluster | $376.47 $398.45 | ▲ +5.84% | ▲ +1.44% | $291.15 (−22.66%) |
Apr 29, 2026 26w ago | 8-K | $332.25 $311.81 | ▼ −6.15% | ▼ −9.26% | $291.15 (−12.37%) |
Mar 4, 2026 34w ago | 8-K | $248.84 $376.25 | ▲ +51.20% | ▲ +39.90% | $291.15 (+17.00%) |
US Market Status
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