Preformed Line Products Company (NASDAQ:PLPC) reported its third-quarter 2026 financial results on October 28, 2026, disclosing net sales of $209.5 million and diluted earnings per share of $3.56.

Key Highlights

  • Net sales of $209.5 million in Q3 2026, up 18% from $178.1 million in Q3 2025, according to the filing.
  • Gross profit margin of 33.4% for the quarter, an increase of 370 basis points year over year.
  • Diluted EPS of $3.56 per share, compared to $0.53 per diluted share in Q3 2025; up 70% when adjusted for prior-year U.S. Pension Plan termination charges.
  • Nine-month net sales of $598.5 million, a 21% increase from $496.2 million for the same period of 2025.
  • Operating cash flow of $68.1 million through the first nine months of 2026, up 32% for that period versus the prior year.
  • Cash and cash equivalents of $99.3 million and $53.9 million of available credit at quarter end, as disclosed by the company.
  • May 2026 acquisition of Delta Star Conetores Electricos Ltda contributed to Americas segment growth, per the filing.

Preformed Line Products Reports Q3 2026 Sales and Earnings Growth

According to the filing, net sales in the third quarter of 2026 reached $209.5 million, compared to $178.1 million in the third quarter of 2025. The company attributed the increase primarily to strong performance by PLP-USA in the transmission and distribution markets, with PLP-USA delivering over $100 million of net sales for the second consecutive quarter. Foreign currency translation added $3.1 million to third-quarter net sales. Among international segments, the Americas grew 7% on a constant-currency basis, supported by the May 2026 acquisition of Delta Star Conetores Electricos Ltda and higher communications volumes, while Asia-Pacific rose 17% on a constant-currency basis driven by energy sales volumes.

Net income for the quarter ended September 30, 2026, was $18.0 million, or $3.56 per diluted share, the filing disclosed, compared to $2.6 million, or $0.53 per diluted share, in the same quarter of 2025. The company stated that the increase was "primarily driven by higher sales volumes, favorable product mix, fixed cost leverage and the benefit of price increases enacted in 2025 and early 2026," partially offset by higher selling and freight costs, personnel investments, and tariff headwinds. Foreign currency translation had a favorable impact of $0.4 million on Q3 2026 net income.

For the nine months ended September 30, 2026, net income was $50.1 million, or $10.18 per diluted share, versus $26.8 million, or $5.42 per diluted share, for the same period in 2025. Adjusted for U.S. Pension Plan termination charges, diluted EPS was up $3.20, or 46%, according to the filing. Total assets as of September 30, 2026, were $742.3 million, up from $653.6 million as of December 31, 2025. The company noted that its forward-looking statements are subject to risks including tariffs, exchange rates, geopolitical instability, and other factors detailed in its 2025 Annual Report on Form 10-K filed March 5, 2026.

What Was Disclosed

Preformed Line Products disclosed Q3 2026 and nine-month 2026 financial results, including net sales, net income, earnings per share, operating cash flow, balance sheet data, and segment-level commentary, alongside forward-looking statements subject to the company's cautionary language.