Preformed Line Products Reports Strong Growth and Financial Health
Preformed Line Products (NASDAQ: PLPC), an Ohio-based manufacturer founded in 1947, posted a 21% year-over-year revenue increase in Q3 2025, totaling $178.1 million. The company reported a net income of $10.3 million, or $2.09 per share, up 36% from the previous year. Its market capitalization stands at $1.05 billion, with a 68.8% stock return year-to-date.
Insider ownership is significant, with the Ruhlman family, who has run the company for generations, holding between 31% and 48% of shares. Furthermore, Preformed Line Products has robust cash flows, generating $18.9 million in operational cash and maintaining total cash and equivalents of $72.9 million against long-term debt of $31.3 million. The current dividend yield is about 0.39%.
Looking ahead, the company aims to leverage demand from AI-driven electric grid upgrades and has expanded its global footprint, notably through the acquisition of JAP Telecom in Brazil. This strategic positioning aligns with anticipated infrastructure rebuilding needs, particularly in post-war Ukraine.
