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1. Company Snapshot

1.a. Company Description

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable operator, information, and other industries.The company offers formed wire products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.It also provides protective closures to protect fixed line communication networks, such as copper cable or fiber optic cable from moisture, environmental hazards, and other contaminants; and hardware assemblies, pole line hardware, resale products, underground connectors, solar hardware systems, guy markers, tree guards, fiber optic cable markers, pedestal markers, and urethane products that are used by energy, renewable energy, communications, cable, and special industries for various applications.


The company serves public and private energy utilities and communication companies, cable operators, financial institutions, governmental agencies, contractors and subcontractors, distributors, and value-added resellers in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.It markets its products through a direct sales force, as well as through manufacturing representatives.The company was incorporated in 1947 and is headquartered in Mayfield, Ohio.

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1.b. Last Insights on PLPC

Preformed Line Products Company's recent performance was driven by robust growth, with Q2 revenue surging 22.3% and Q3 net sales increasing 21% year-over-year to $178.1 million. Profitability improved, with Q2 net income rising to $12.7 million and adjusted Q3 EPS growing 36% to $2.09. A quarterly dividend of $0.20 per share was declared, showcasing the company's commitment to shareholders. The successful termination of the U.S. Pension Plan, although incurring a non-cash charge, is a strategic step. According to a recent rating upgrade, the company's valuation appears attractive relative to peers.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Is It Time To Get Into PLPC Stock Rally?

Nov -05

Source: forbes.com

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Preformed Line Products Q3 Earnings Fall, Sales Jump 21% Y/Y

Nov -04

Source: zacks.com

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PREFORMED LINE PRODUCTS ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS

Oct -29

Source: prnewswire.com

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Preformed Line Products Company: Growth Justifies A Revision (Rating Upgrade)

Sep -22

Source: seekingalpha.com

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PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

Sep -18

Source: prnewswire.com

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PLPC Q2 Earnings Grow 35% Y/Y, Stock Falls 10% on Tariff Fears

Aug -04

Source: zacks.com

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PREFORMED LINE PRODUCTS ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS

Jul -30

Source: prnewswire.com

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PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

Jun -18

Source: prnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (8.44%)

6. Segments

Energy

Expected Growth: 10.2%

Growing demand for grid modernization and renewable energy integration drives the energy and infrastructure products market. Increasing adoption of smart grids, renewable energy sources, and energy storage systems fuels growth. Preformed Line Products Company's hardware and software solutions are well-positioned to capitalize on these trends.

Communications

Expected Growth: 4.8%

Growing demand for high-speed data transmission and increasing investments in 5G infrastructure are driving the growth of the communications segment. The need for reliable and efficient connectivity solutions is fueling the demand for connectors, closures, and accessories, thereby boosting the market for Preformed Line Products Company's offerings.

Special Industries

Expected Growth: 7.4%

Growing demand for efficient energy transmission and distribution, increasing adoption of renewable energy sources, and rising investments in oil and gas infrastructure are driving the growth of Special Industries from Preformed Line Products Company.

7. Detailed Products

Conductor Accessories

Preformed Line Products Company offers a wide range of conductor accessories, including conductor clamps, conductor brackets, and conductor splices, designed to connect, support, and protect electrical conductors in various applications.

Fiber Optic Systems

The company provides a comprehensive range of fiber optic systems, including fiber optic cables, fiber optic connectors, and fiber optic splices, designed for high-speed data transmission and communication networks.

Hardware and Tools

Preformed Line Products Company offers a variety of hardware and tools, including bolts, nuts, and other fasteners, as well as specialized tools for the installation and maintenance of electrical and fiber optic systems.

Transmission and Distribution Products

The company provides a range of transmission and distribution products, including transmission towers, distribution poles, and related accessories, designed for electrical power transmission and distribution systems.

Substation Products

Preformed Line Products Company offers a range of substation products, including substation bus supports, substation connectors, and substation accessories, designed for electrical power substations.

8. Preformed Line Products Company's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Preformed Line Products Company is medium because while there are some substitutes available, they are not very close to the company's products in terms of quality and functionality.

Bargaining Power Of Customers

The bargaining power of customers for Preformed Line Products Company is low because the company has a diverse customer base and no single customer accounts for a significant portion of its revenue.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Preformed Line Products Company is medium because while the company relies on a few key suppliers, it also has some bargaining power due to its large scale of operations.

Threat Of New Entrants

The threat of new entrants for Preformed Line Products Company is low because the industry has high barriers to entry, including significant capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry for Preformed Line Products Company is high because the industry is highly competitive, with several established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 14.72%
Debt Cost 7.07%
Equity Weight 85.28%
Equity Cost 7.70%
WACC 7.61%
Leverage 17.26%

11. Quality Control: Preformed Line Products Company passed 8 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Energizer

A-Score: 5.1/10

Value: 6.6

Growth: 4.1

Quality: 5.1

Yield: 8.0

Momentum: 1.5

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
Preformed Line Products

A-Score: 5.0/10

Value: 3.6

Growth: 6.3

Quality: 6.0

Yield: 0.0

Momentum: 9.5

Volatility: 4.3

1-Year Total Return ->

View Full Report
Stock-Card
Powell Industries

A-Score: 4.9/10

Value: 1.7

Growth: 8.4

Quality: 7.6

Yield: 2.0

Momentum: 7.5

Volatility: 2.3

1-Year Total Return ->

View Full Report
Stock-Card
Ultralife

A-Score: 4.1/10

Value: 6.5

Growth: 8.0

Quality: 5.4

Yield: 0.0

Momentum: 2.0

Volatility: 2.7

1-Year Total Return ->

View Full Report
Stock-Card
Servotronics

A-Score: 4.1/10

Value: 6.2

Growth: 3.0

Quality: 5.2

Yield: 0.0

Momentum: 10.0

Volatility: 0.0

1-Year Total Return ->

View Full Report
Stock-Card
RF Industries

A-Score: 3.9/10

Value: 4.7

Growth: 3.7

Quality: 3.1

Yield: 0.0

Momentum: 10.0

Volatility: 2.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

217.27$

Current Price

217.27$

Potential

-0.00%

Expected Cash-Flows