Profile
Sector:
IndustrialsIndustry:
Electrical Equipment & PartsCountry:
United StatesIPO:
28 April 1999Website:
http://www.preformed.comNext earnings report:
02 August 2024Last dividends:
01 April 2024Next dividends:
01 July 2024Price
after hours | Fri, 21 Jun 2024 20:10:48 GMTAnalysts recommendations
Institutional Ownership
PLPC Latest News
CLEVELAND , June 19, 2024 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on June 19, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable July 19, 2024, to shareholders of record at the close of business on July 1, 2024. ABOUT PLP PLP protects the world's most critical connections by creating stronger and more reliable networks.
Preformed Line Products is a growth company with a strong track record of unveiling new products and making acquisitions. PLP operates in the energy, communication, and special industries sectors, and should benefit from the Infrastructure Act and lower inflation. The company's financial performance is strong, with impressive growth rates, good margins, and an undervalued stock price, making it a recommended Buy.
Preformed Line Products has benefitted from both domestic and international demand tailwinds over the past few years. It's clear that U.S. tailwinds will continue for a long time, as the current administration is committing to fund many new infrastructure projects that will take years to complete. However, international demand should be a bit more volatile due to oil and commodity price cyclicality.
Preformed Line Products Company has seen its share price appreciate by 185% over the past year, with strong EPS growth and a low forward P/E ratio. PLPC specializes in providing goods for the industrial market, particularly in power conductors and fiber communication cables, which aligns with the growing infrastructure investments in the US. The company's acquisitions, such as Pilot Plastics, are expected to contribute to its revenue and earnings growth, especially in the expanding fiber network market.
Preformed Line Products Company has had a great run in recent months, with shares driven higher by robust financial improvements. This trend looks set to continue for the foreseeable future, though the stock isn't as cheap as it was.
What type of business is Preformed Line Products?
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.
What sector is Preformed Line Products in?
Preformed Line Products is in the Industrials sector
What industry is Preformed Line Products in?
Preformed Line Products is in the Electrical Equipment & Parts industry
What country is Preformed Line Products from?
Preformed Line Products is headquartered in United States
When did Preformed Line Products go public?
Preformed Line Products initial public offering (IPO) was on 28 April 1999
What is Preformed Line Products website?
https://www.preformed.com
Is Preformed Line Products in the S&P 500?
No, Preformed Line Products is not included in the S&P 500 index
Is Preformed Line Products in the NASDAQ 100?
No, Preformed Line Products is not included in the NASDAQ 100 index
Is Preformed Line Products in the Dow Jones?
No, Preformed Line Products is not included in the Dow Jones index
When does Preformed Line Products report earnings?
The next expected earnings date for Preformed Line Products is 02 August 2024