Preformed Line Products Reports 22% Sales Growth and 35% Increase in Net Income for Q2 2025

Reuters
31 Jul
Preformed Line Products Reports 22% Sales Growth and 35% Increase in Net Income for <a href="https://laohu8.com/S/QTWO">Q2</a> 2025

Preformed Line Products Company (NASDAQ: PLPC) has announced its financial results for the second quarter of 2025. The company reported a 22% increase in net sales, reaching $169.6 million compared to $138.7 million in the same quarter of 2024. This growth was driven by robust sales in both the energy product and communications end markets, with international segments also contributing through higher energy product sales and communication sales from the newly acquired JAP Telecom. Net income for the quarter rose by 35% to $12.7 million, or $2.56 per diluted share, up from $9.4 million, or $1.89 per diluted share, in the second quarter of 2024. The increase in net income was attributed to higher sales levels and lower interest expenses, despite higher period expenses and tariffs affecting goods sourced internationally by the U.S. segment. The gross profit margin for the quarter improved by 80 basis points to 32.7% compared to the previous year. For the first half of 2025, net sales increased by 14% to $318.1 million, compared to $279.6 million in the first half of 2024. Net income for the first six months was $24.2 million, or $4.89 per diluted share, compared to $19.0 million, or $3.83 per diluted share, in the same period of 2024. This increase was driven by higher sales volumes and lower interest expenses, although offset by increased period expenses and tariff costs. Foreign currency translation negatively impacted net sales by $4.9 million for the first half of the year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Preformed Line Products Company published the original content used to generate this news brief via PR Newswire (Ref. ID: CL40762) on July 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10