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Preformed Line Products(PLPC) - 2025 Q1 - Quarterly Results
PLPCPreformed Line Products(PLPC)2025-05-01 20:26

Financial Performance - Net sales for Q1 2025 were 148.5million,a5148.5 million, a 5% increase from 140.9 million in Q1 2024[3] - Net income for Q1 2025 was 11.5million,or11.5 million, or 2.33 per diluted share, compared to 9.6million,or9.6 million, or 1.94 per diluted share in Q1 2024, representing a 20% increase[4] - Gross profit margin increased to 32.8%, up 150 basis points from the same quarter in 2024[4] Business Operations - The USA communications business experienced significant sales growth, contributing to overall performance[5] - Foreign currency translation negatively impacted net sales by 4.4millioninQ12025[3]−Thecompanyisfacingcostincreasesduetotariffsonkeycommodities,particularlysteelandaluminum[5]−PLPisimplementingtargetedsellingpriceincreasesandcostcontainmentstrategiestomitigatetheimpactofrisingcosts[5]BalanceSheet−TotalassetsasofMarch31,2025,were4.4 million in Q1 2025[3] - The company is facing cost increases due to tariffs on key commodities, particularly steel and aluminum[5] - PLP is implementing targeted selling price increases and cost containment strategies to mitigate the impact of rising costs[5] Balance Sheet - Total assets as of March 31, 2025, were 592.5 million, an increase from 573.9millionattheendof2024[11]−Totalshareholders′equityincreasedto573.9 million at the end of 2024[11] - Total shareholders' equity increased to 435.8 million as of March 31, 2025, compared to 422.3millionattheendof2024[11]Dividends−Cashdividendsdeclaredpershareremainedsteadyat422.3 million at the end of 2024[11] Dividends - Cash dividends declared per share remained steady at 0.20 for both Q1 2025 and Q1 2024[13]