Preformed Line Products Company (PLPC) 10-Year Financial Performance & Capital Metrics

PLPC • • Industrial / General

IndustrialsElectrical EquipmentElectrical Infrastructure ProductsWire & Cable Manufacturing

AboutPreformed 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.Show more

Revenue $594M -11.3%
EBITDA $72M -30.5%
Net Income $37M -41.4%
EPS (Diluted) 7.50 -40.8%
Gross Margin 31.97% -8.8%
EBITDA Margin 12.06% -21.7%
Operating Margin 8.55% -32.0%
Net Margin 6.25% -33.9%
ROE 8.85% -45.9%
ROIC 9.1% -38.4%
Debt/Equity 0.09 -49.0%
Interest Coverage 22.85 +6.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 84 (top 16%)
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.34%

5Y5.94%

3Y4.69%

TTM15.93%

Profit (Net Income) CAGR

10Y11.17%

5Y9.74%

3Y1.26%

TTM13.12%

EPS CAGR

10Y12.12%

5Y10.37%

3Y1.42%

TTM13.36%

ROCE

10Y Avg11.15%

5Y Avg13.83%

3Y Avg15%

Latest10.6%

Peer Comparison

Wire & Cable Manufacturing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLPCPreformed Line Products Company	1.22B	248.18	33.09	-11.34%	5.62%	8%	4.34%	0.09
APWCAsia Pacific Wire & Cable Corporation Limited	35.62M	1.68	9.88	11.02%	0.75%	1.65%	56.22%	0.14

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	354.67M	336.63M	378.21M	420.88M	444.86M	466.45M	517.42M	637.02M	669.68M	593.71M
Revenue Growth %	-0.09%	-0.05%	0.12%	0.11%	0.06%	0.05%	0.11%	0.23%	0.05%	-0.11%
Cost of Goods Sold+	251.21M	227.22M	259.58M	288.65M	304.27M	312.44M	351.18M	421.84M	434.83M	403.9M
COGS % of Revenue	0.71%	0.67%	0.69%	0.69%	0.68%	0.67%	0.68%	0.66%	0.65%	0.68%
Gross Profit+	103.45M	109.41M	118.63M	132.23M	140.59M	154.01M	166.24M	215.18M	234.85M	189.81M
Gross Margin %	0.29%	0.33%	0.31%	0.31%	0.32%	0.33%	0.32%	0.34%	0.35%	0.32%
Gross Profit Growth %	-0.14%	0.06%	0.08%	0.11%	0.06%	0.1%	0.08%	0.29%	0.09%	-0.19%
Operating Expenses+	91.1M	87.94M	92.52M	99.3M	107.97M	113.81M	118.69M	145.82M	150.69M	139.05M
OpEx % of Revenue	0.26%	0.26%	0.24%	0.24%	0.24%	0.24%	0.23%	0.23%	0.23%	0.23%
Selling, General & Admin	67.47M	73.86M	77.21M	81.76M	88.42M	91.5M	95.2M	115.2M	125.73M	116.24M
SG&A % of Revenue	0.19%	0.22%	0.2%	0.19%	0.2%	0.2%	0.18%	0.18%	0.19%	0.2%
Research & Development	14.88M	14.03M	14.33M	15.11M	17.19M	17.63M	19.19M	19.66M	22.48M	21.92M
R&D % of Revenue	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.04%
Other Operating Expenses	8.75M	54K	985K	2.43M	2.37M	4.68M	4.3M	10.95M	2.48M	887K
Operating Income+	12.35M	21.48M	26.11M	32.93M	32.63M	40.21M	47.55M	69.36M	84.15M	50.76M
Operating Margin %	0.03%	0.06%	0.07%	0.08%	0.07%	0.09%	0.09%	0.11%	0.13%	0.09%
Operating Income Growth %	-0.42%	0.74%	0.22%	0.26%	-0.01%	0.23%	0.18%	0.46%	0.21%	-0.4%
EBITDA+	23.88M	33.48M	38.9M	45.38M	46.38M	54.05M	63.11M	85.79M	103.07M	71.59M
EBITDA Margin %	0.07%	0.1%	0.1%	0.11%	0.1%	0.12%	0.12%	0.13%	0.15%	0.12%
EBITDA Growth %	-0.3%	0.4%	0.16%	0.17%	0.02%	0.17%	0.17%	0.36%	0.2%	-0.31%
D&A (Non-Cash Add-back)	11.53M	12M	12.79M	12.44M	13.75M	13.84M	15.56M	16.43M	18.91M	20.83M
EBIT	12.35M	21.48M	26.11M	32.93M	32.63M	40.68M	48.14M	76.72M	84.84M	51.11M
Net Interest Income+	-174K	-553K	-631K	-804K	-1.43M	-2.14M	-1.85M	-2.58M	-2.09M	352K
Interest Income	391K	291K	430K	486K	783K	259K	169K	631K	1.81M	2.57M
Interest Expense	565K	844K	1.06M	1.29M	2.22M	2.4M	2.02M	3.21M	3.9M	2.22M
Other Income/Expense	-643K	-526K	-302K	-346K	-1.17M	364K	1.35M	4.34M	-1.81M	13K
Pretax Income+	11.71M	20.95M	25.81M	32.59M	31.46M	40.57M	48.9M	73.7M	82.34M	50.77M
Pretax Margin %	0.03%	0.06%	0.07%	0.08%	0.07%	0.09%	0.09%	0.12%	0.12%	0.09%
Income Tax+	5.03M	5.7M	13.15M	6.01M	8.12M	10.81M	13.18M	19.3M	19.01M	13.66M
Effective Tax Rate %	0.57%	0.73%	0.49%	0.82%	0.74%	0.73%	0.73%	0.74%	0.77%	0.73%
Net Income+	6.67M	15.26M	12.65M	26.58M	23.3M	29.8M	35.73M	54.4M	63.33M	37.09M
Net Margin %	0.02%	0.05%	0.03%	0.06%	0.05%	0.06%	0.07%	0.09%	0.09%	0.06%
Net Income Growth %	-0.48%	1.29%	-0.17%	1.1%	-0.12%	0.28%	0.2%	0.52%	0.16%	-0.41%
Net Income (Continuing)	6.67M	15.26M	12.65M	26.58M	23.34M	29.76M	35.72M	54.4M	63.34M	37.11M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	33K	-9K	-17K	-13K	-8K	9K
EPS (Diluted)+	1.24	2.95	2.47	5.20	4.58	5.98	7.19	10.88	12.67	7.50
EPS Growth %	-0.48%	1.38%	-0.16%	1.11%	-0.12%	0.31%	0.2%	0.51%	0.16%	-0.41%
EPS (Basic)	1.25	2.95	2.48	5.28	4.63	6.05	7.28	11.03	12.87	7.56
Diluted Shares Outstanding	5.37M	5.18M	5.13M	5.11M	5.09M	4.98M	4.97M	5M	5M	4.95M
Basic Shares Outstanding	5.35M	5.17M	5.1M	5.03M	5.03M	4.92M	4.91M	4.93M	4.92M	4.91M
Dividend Payout Ratio	0.66%	0.27%	0.32%	0.15%	0.18%	0.14%	0.12%	0.08%	0.06%	0.11%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	188.5M	189.11M	207.13M	214.26M	231.97M	256.31M	272.11M	328.17M	324.81M	315.79M
Cash & Short-Term Investments	30.39M	30.74M	44.36M	43.61M	38.93M	45.17M	36.41M	37.24M	53.61M	57.24M
Cash Only	30.39M	30.74M	44.36M	43.61M	38.93M	45.17M	36.41M	37.24M	53.61M	57.24M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	63.63M	63.41M	73.97M	73.14M	83.52M	92.69M	98.2M	125.26M	106.89M	111.4M
Days Sales Outstanding	65.48	68.76	71.39	63.43	68.52	72.53	69.28	71.77	58.26	68.49
Inventory	69.91M	74.48M	77.89M	85.26M	95.72M	97.54M	114.51M	147.46M	148.81M	129.91M
Days Inventory Outstanding	101.58	119.65	109.52	107.81	114.82	113.95	119.01	127.59	124.92	117.4
Other Current Assets	6.34M	8.44M	2.21M	2.88M	4.29M	3.26M	3.22M	4.93M	7.26M	5.51M
Total Non-Current Assets+	136.08M	151.83M	152.66M	144.53M	201.6M	204.77M	216.91M	240.31M	278.34M	258.08M
Property, Plant & Equipment	91.97M	105.1M	108.6M	102.95M	136.47M	139.1M	162.17M	185.76M	219.56M	206.79M
Fixed Asset Turnover	3.86x	3.20x	3.48x	4.09x	3.26x	3.35x	3.19x	3.43x	3.05x	2.87x
Goodwill	15.82M	15.77M	16.54M	15.62M	27.84M	29.51M	28.19M	28M	29.5M	26.68M
Intangible Assets	11.29M	10.47M	10.02M	8.46M	15.12M	14.44M	12.04M	14.08M	12.98M	9.66M
Long-Term Investments	0	0	0	300K	0	0	0	0	0	1.14M
Other Non-Current Assets	11.7M	10.27M	9.72M	10.3M	14.61M	10.86M	10.66M	7.14M	9.19M	7.26M
Total Assets+	324.57M	340.94M	359.79M	358.8M	433.57M	461.09M	489.02M	568.48M	603.15M	573.88M
Asset Turnover	1.09x	0.99x	1.05x	1.17x	1.03x	1.01x	1.06x	1.12x	1.11x	1.03x
Asset Growth %	-0.08%	0.05%	0.06%	-0%	0.21%	0.06%	0.06%	0.16%	0.06%	-0.05%
Total Current Liabilities+	51.89M	55.45M	62.83M	69.49M	81.07M	103.77M	105.53M	115.33M	111.32M	108.41M
Accounts Payable	20.38M	21.98M	25.14M	26.41M	28.28M	31.65M	42.38M	46.84M	37.79M	41.95M
Days Payables Outstanding	29.61	35.3	35.35	33.4	33.93	36.97	44.04	40.53	31.72	37.91
Short-Term Debt	523K	2.76M	2.31M	10.49M	12.05M	22.64M	19.54M	21.12M	13.45M	10.21M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	17.66M	3.15M	4.03M	2.79M	19.03M	22.99M	21.7M	24.36M	28.02M	0
Current Ratio	3.63x	3.41x	3.30x	3.08x	2.86x	2.47x	2.58x	2.85x	2.92x	2.91x
Quick Ratio	2.29x	2.07x	2.06x	1.86x	1.68x	1.53x	1.49x	1.57x	1.58x	1.71x
Cash Conversion Cycle	137.45	153.1	145.55	137.84	149.42	149.5	144.25	158.83	151.46	147.98
Total Non-Current Liabilities+	53.7M	61.94M	58.41M	39.94M	83.93M	65.24M	67.38M	94.52M	75.68M	43.14M
Long-Term Debt	31.75M	42.94M	34.6M	24.96M	53.72M	33.33M	40.05M	68.42M	48.8M	18.36M
Capital Lease Obligations	185K	123K	0	0	8.25M	8.74M	8.15M	7.02M	7.89M	6.8M
Deferred Tax Liabilities	3.45M	2.08M	2.09M	1.71M	3.12M	2.92M	2.79M	4.17M	3.54M	3.77M
Other Non-Current Liabilities	18.31M	16.8M	21.73M	13.27M	18.85M	20.25M	16.39M	14.91M	15.45M	14.19M
Total Liabilities	105.59M	117.39M	121.25M	109.43M	165M	169.02M	172.92M	209.85M	187M	151.55M
Total Debt+	32.28M	45.71M	36.91M	35.45M	76.08M	66.96M	69.73M	98.17M	71.81M	37.19M
Net Debt	1.88M	14.97M	-7.45M	-8.16M	37.15M	21.79M	33.32M	60.93M	18.21M	-20.05M
Debt / Equity	0.15x	0.20x	0.15x	0.14x	0.28x	0.23x	0.22x	0.27x	0.17x	0.09x
Debt / EBITDA	1.35x	1.37x	0.95x	0.78x	1.64x	1.24x	1.10x	1.14x	0.70x	0.52x
Net Debt / EBITDA	0.08x	0.45x	-0.19x	-0.18x	0.80x	0.40x	0.53x	0.71x	0.18x	-0.28x
Interest Coverage	21.86x	25.45x	24.61x	25.53x	14.72x	16.78x	23.50x	21.58x	21.55x	22.85x
Total Equity+	218.98M	223.54M	238.54M	249.37M	268.57M	292.07M	316.1M	358.62M	416.16M	422.32M
Equity Growth %	-0.1%	0.02%	0.07%	0.05%	0.08%	0.09%	0.08%	0.13%	0.16%	0.01%
Book Value per Share	40.81	43.17	46.47	48.83	52.79	58.60	63.60	71.74	83.28	85.37
Total Shareholders' Equity	218.98M	223.54M	238.54M	249.37M	268.54M	292.08M	316.12M	358.64M	416.16M	422.31M
Common Stock	426K	454K	759K	1.65M	1.87M	2.09M	3.08M	3.09M	3.42M	13.75M
Retained Earnings	292.31M	303.42M	311.76M	334.17M	353.29M	379.04M	410.67M	460.93M	520.15M	553.18M
Treasury Stock	-54.57M	-59.64M	-68.11M	-72.28M	-79.11M	-88.57M	-93.84M	-99.3M	-118.25M	-136.38M
Accumulated OCI	-54.15M	-57.37M	-47.44M	-59.58M	-57.35M	-54.55M	-61.72M	-69.99M	-60.31M	-82.91M
Minority Interest	0	0	0	0	33K	-9K	-17K	-13K	-8K	9K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	20.23M	25.97M	33.83M	22.98M	27.22M	41.64M	33.6M	26.15M	107.64M	67.48M
Operating CF Margin %	0.06%	0.08%	0.09%	0.05%	0.06%	0.09%	0.06%	0.04%	0.16%	0.11%
Operating CF Growth %	-0.2%	0.28%	0.3%	-0.32%	0.18%	0.53%	-0.19%	-0.22%	3.12%	-0.37%
Net Income	6.67M	15.26M	12.65M	26.58M	23.34M	29.76M	35.72M	54.4M	63.34M	37.11M
Depreciation & Amortization	11.53M	12M	12.79M	12.44M	13.75M	13.84M	15.56M	16.43M	18.91M	20.83M
Stock-Based Compensation	248K	1.37M	3.06M	4.24M	4.4M	4.09M	4.16M	4.6M	4.95M	3.41M
Deferred Taxes	-944K	2.25M	2.44M	314K	-1.27M	-3.38M	6.54M	-2.66M	-2.23M	1.08M
Other Non-Cash Items	3.89M	5.44M	2.74M	-1.7M	3.72M	4.87M	6.42M	4.9M	7.98M	2.7M
Working Capital Changes	-1.17M	-10.33M	152K	-18.9M	-16.71M	-7.54M	-34.81M	-51.51M	14.7M	2.34M
Change in Receivables	-2.96M	-2.29M	-9.21M	-4.5M	-9.78M	-10.54M	-11.58M	-28.05M	16.97M	-875K
Change in Inventory	-2.3M	-6.35M	-2.21M	-13.7M	-9.46M	80K	-24.15M	-36.98M	-4.95M	6.78M
Change in Payables	5.65M	3.28M	4.73M	3.05M	6.09M	6.95M	11.56M	6.71M	2.3M	8.6M
Cash from Investing+	-10.86M	-28.47M	-1.9M	-14.02M	-48.8M	-14.04M	-18.24M	-46.76M	-44.79M	-12.36M
Capital Expenditures	-10.75M	-24.73M	-11.23M	-9.53M	-29.47M	-24.57M	-18.38M	-40.6M	-35.33M	-14.65M
CapEx % of Revenue	0.03%	0.07%	0.03%	0.02%	0.07%	0.05%	0.04%	0.06%	0.05%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-108K	70K	9.33M	-12.29M	-2.25M	10.53M	141K	10.08M	2.63M	3.45M
Cash from Financing+	-12.66M	4.39M	-19.55M	-9.05M	17.71M	-23.16M	-23.23M	22.54M	-48.92M	-47.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.39M	-4.17M	-4.1M	-4.09M	-4.23M	-4.18M	-4.13M	-4.1M	-4.11M	-4.08M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	60K	-2K	0	0	0	0	0	0	0	-2.47M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	9.47M	1.25M	22.6M	13.45M	-2.25M	17.07M	15.21M	-14.45M	72.31M	52.83M
FCF Margin %	0.03%	0%	0.06%	0.03%	-0.01%	0.04%	0.03%	-0.02%	0.11%	0.09%
FCF Growth %	0.25%	-0.87%	17.09%	-0.4%	-1.17%	8.59%	-0.11%	-1.95%	6.01%	-0.27%
FCF per Share	1.77	0.24	4.40	2.63	-0.44	3.43	3.06	-2.89	14.47	10.68
FCF Conversion (FCF/Net Income)	3.03x	1.70x	2.67x	0.86x	1.17x	1.40x	0.94x	0.48x	1.70x	1.82x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.89%	6.89%	5.48%	10.9%	9%	10.63%	11.75%	16.12%	16.35%	8.85%
Return on Invested Capital (ROIC)	3.96%	7.01%	8.34%	10.46%	8.95%	9.73%	10.75%	13.53%	14.78%	9.1%
Gross Margin	29.17%	32.5%	31.37%	31.42%	31.6%	33.02%	32.13%	33.78%	35.07%	31.97%
Net Margin	1.88%	4.53%	3.35%	6.32%	5.24%	6.39%	6.91%	8.54%	9.46%	6.25%
Debt / Equity	0.15x	0.20x	0.15x	0.14x	0.28x	0.23x	0.22x	0.27x	0.17x	0.09x
Interest Coverage	21.86x	25.45x	24.61x	25.53x	14.72x	16.78x	23.50x	21.58x	21.55x	22.85x
FCF Conversion	3.03x	1.70x	2.67x	0.86x	1.17x	1.40x	0.94x	0.48x	1.70x	1.82x
Revenue Growth	-8.63%	-5.08%	12.35%	11.28%	5.7%	4.85%	10.93%	23.12%	5.13%	-11.34%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Plp Usa	-	-	-	-	-	-	-	-	-	276.79M
Plp Usa Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
EMEA	-	-	-	-	-	-	-	-	-	133.58M
EMEA Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	-	-	-	-	-	-	-	-	-	123.58M
Asia Pacific Growth	-	-	-	-	-	-	-	-	-	-
Americas	-	-	-	-	-	-	-	-	-	98.55M
Americas Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	99.13M	84.91M	96.89M	115.2M	119.11M	99.87M	93.16M	88.88M	102.93M	-
Asia Pacific Growth	-	-14.34%	14.10%	18.90%	3.40%	-16.15%	-6.72%	-4.60%	15.81%	-
EMEA	53.78M	-	-	-	-	-	95.92M	3.28M	102.13M	-
EMEA Growth	-	-	-	-	-	-	-	-96.58%	3013.72%	-
Americas	59.29M	60.05M	69.76M	66.87M	68.29M	74.19M	70.73M	17.91M	86.06M	-
Americas Growth	-	1.28%	16.18%	-4.15%	2.13%	8.64%	-4.66%	-74.67%	380.37%	-
UNITED STATES	-	-	-	169M	178.3M	201.3M	257.6M	366.8M	-	-
UNITED STATES Growth	-	-	-	-	5.50%	12.90%	27.97%	42.39%	-	-
E M E A	-	56.41M	63.92M	69.77M	79.16M	91.11M	-	-	-	-
E M E A Growth	-	-	13.30%	9.16%	13.45%	15.10%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Preformed Line Products Company (PLPC) has a price-to-earnings (P/E) ratio of 33.1x. This suggests investors expect higher future growth.

Growth & Financials

Preformed Line Products Company (PLPC) reported $663.3M in revenue for fiscal year 2024. This represents a 56% increase from $424.4M in 2011.

Preformed Line Products Company (PLPC) saw revenue decline by 11.3% over the past year.

Yes, Preformed Line Products Company (PLPC) is profitable, generating $37.3M in net income for fiscal year 2024 (6.2% net margin).

Dividend & Returns

Yes, Preformed Line Products Company (PLPC) pays a dividend with a yield of 0.33%. This makes it attractive for income-focused investors.

Preformed Line Products Company (PLPC) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.

Preformed Line Products Company (PLPC) generated $42.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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