NASDAQ:PLPC

PREFORMED LINE PRODUCTS ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS

Retrieved on: 
Wednesday, May 1, 2024
PLPC, PLP

CLEVELAND, May 1, 2024 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its first quarter of 2024.

Key Points: 
  • CLEVELAND, May 1, 2024 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its first quarter of 2024.
  • Foreign currency translation increased first quarter 2024 net sales by $0.7 million.
  • Gross profit as a percentage of net sales was 31.3% for the first quarter of 2024.
  • Our current focus is unchanged:  provide our customers with the high-quality products and timely service they have come to expect from PLP."

PLP LAUNCHES AEOLUS®: A REVOLUTIONARY BREAKTHROUGH IN OVERHEAD POWER LINE CONDUCTOR MOTION ANALYSIS

Retrieved on: 
Tuesday, April 16, 2024
IEEE, PLP, Transformer

CLEVELAND, April 16, 2024 /PRNewswire/ -- PLP, a global leader in developing innovative infrastructure solutions for electric power systems, today announced the launch of its Aeolus line monitoring service, a revolutionary new platform for measuring and analyzing wind-induced conductor motion on overhead lines.

Key Points: 
  • CLEVELAND, April 16, 2024 /PRNewswire/ -- PLP, a global leader in developing innovative infrastructure solutions for electric power systems, today announced the launch of its Aeolus line monitoring service, a revolutionary new platform for measuring and analyzing wind-induced conductor motion on overhead lines.
  • With the launch of Aeolus, PLP aims to empower line engineers and electric utilities to delve deeper into the mechanical behavior of overhead conductors and associated transmission line hardware like never before.
  • Whether assessing newly installed damping systems or investigating line failures, engineers will now be able to gain valuable insights into the dynamic forces of real-world conductor motion in near real-time from anywhere in the world.
  • "PLP has long been a leader in analyzing the effects of wind-induced conductor motion and developing solutions that mitigate against its dynamic forces," said Ryan Ruhlman, President of PLP.

PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

Retrieved on: 
Monday, March 18, 2024
PLPC

CLEVELAND, March 18, 2024 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on March 15, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable April 19, 2024, to shareholders of record at the close of business on April 2, 2024.

Key Points: 
  • CLEVELAND, March 18, 2024 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on March 15, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable April 19, 2024, to shareholders of record at the close of business on April 2, 2024.

PREFORMED LINE PRODUCTS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS

Retrieved on: 
Thursday, March 7, 2024
Buy America Act, PLPC, Growth, Argentine peso, Government, Communication, EPS, Workforce, Cryptocurrency

CLEVELAND, March 7, 2024 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • CLEVELAND, March 7, 2024 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its fourth quarter and full year ended December 31, 2023.
  • Foreign currency translation increased fourth quarter 2023 net sales by $2.9 million.
  • The fourth quarter of 2023 net income was impacted by decreased gross profit from lower net sales, partially offset by selling price increases and a lower effective tax rate for the period.
  • Gross profit as a percentage of net sales was 33.0% for the fourth quarter of 2023.

PLP AND FULCRUMAIR UNVEIL GROUNDBREAKING ROBOTIC SOLUTION FOR INSTALLING BIRD DIVERTERS ON OVERHEAD POWER LINES

Retrieved on: 
Tuesday, January 16, 2024
Probability, Mini, Republic, Wind, Midwestern United States, Safety, PLP, Robotics, KV, Robot, Renewable energy

CLEVELAND, Jan. 16, 2024 /PRNewswire/ -- PLP and FulcrumAir have partnered to launch the world's most advanced automated robotic system for installing helically-shaped bird diverters on overhead power lines.

Key Points: 
  • CLEVELAND, Jan. 16, 2024 /PRNewswire/ -- PLP and FulcrumAir have partnered to launch the world's most advanced automated robotic system for installing helically-shaped bird diverters on overhead power lines.
  • "We are excited to collaborate with FulcrumAir to launch this newest addition to our expanding lineup of robotic installation solutions," said Ryan Ruhlman, President of PLP.
  • The Mini LineFly accurately places PLP BIRD-FLIGHT Diverters at predetermined intervals, maximizing the performance to help safeguard wildlife from accidental contact with power lines.
  • Alongside the Mini LineFly, PLP and FulcrumAir also recently introduced the CSR-18™ Robot, a state-of-the-art robotic installation system designed for PLP CUSHION-GRIP® Twin Spacers.

PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

Retrieved on: 
Thursday, December 21, 2023
PLPC

CLEVELAND, Dec. 21, 2023 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 13, 2023, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable January 19, 2024, to shareholders of record at the close of business on January 5, 2024.

Key Points: 
  • CLEVELAND, Dec. 21, 2023 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 13, 2023, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable January 19, 2024, to shareholders of record at the close of business on January 5, 2024.

PLP APPOINTS DENNIS F. MCKENNA AS CHIEF EXECUTIVE OFFICER, ROBERT G. RUHLMAN AS EXECUTIVE CHAIRMAN

Retrieved on: 
Wednesday, November 22, 2023
PLP, Engineering, PLPC, Management

Mr. McKenna assumes the role from Robert G. Ruhlman, who has served as CEO since 2000 and who will become Executive Chairman of the company.

Key Points: 
  • Mr. McKenna assumes the role from Robert G. Ruhlman, who has served as CEO since 2000 and who will become Executive Chairman of the company.
  • Dennis McKenna is a long-standing employee of PLP, joining the company's ranks in 1993 and steadily progressing through various leadership roles over his impressive thirty-year career.
  • Most recently, Dennis served as the company's Chief Operating Officer, where he oversaw PLP's global operations and business development teams.
  • "It's an honor and privilege to have the opportunity to serve as CEO of PLP," said McKenna.

PREFORMED LINE PRODUCTS ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS

Retrieved on: 
Wednesday, November 1, 2023
Weakness, Growth, Communication, PLPC, YTD, Government, Video game, Cryptocurrency

CLEVELAND, Nov. 1, 2023 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its third quarter of 2023.

Key Points: 
  • CLEVELAND, Nov. 1, 2023 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its third quarter of 2023.
  • Foreign currency translation increased third quarter 2023 net sales by $1.4 million.
  • The third quarter of 2023 net income was negatively impacted by lower gross profit due to a decrease in net sales.
  • Gross profit as a percentage of net sales was 33.7% for the third quarter of 2023, a decrease of 150 basis points versus the same quarter in 2022.

PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

Retrieved on: 
Wednesday, September 20, 2023
PLPC, Rare-earth element, Management

CLEVELAND, Sept. 20, 2023 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on September 20, 2023, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable October 20, 2023, to shareholders of record at the close of business on October 2, 2023.

Key Points: 
  • CLEVELAND, Sept. 20, 2023 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on September 20, 2023, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable October 20, 2023, to shareholders of record at the close of business on October 2, 2023.

PLP LAUNCHES NEW FIBER CONNECTIVITY SOLUTIONS THAT SUPPORT CRITICAL BROADBAND INFRASTRUCTURE NEEDS

Retrieved on: 
Tuesday, August 15, 2023
Maintenance, Lesbian and Gay Inter-University Organization, LC, OSP, STP, Telecommunications, SC, PLP Architecture, SCTE, Optical fiber, MDU, PLP, MSTS, DEN, COYOTE, Internet service provider, Cassette tape

CLEVELAND, Aug. 15, 2023 /PRNewswire/ -- PLP announced today that it is expanding its industry-leading COYOTE® Fiber Optics product line with a range of new solutions that will further support ongoing broadband infrastructure construction and maintenance projects by the world's leading service providers.

Key Points: 
  • CLEVELAND, Aug. 15, 2023 /PRNewswire/ -- PLP announced today that it is expanding its industry-leading COYOTE® Fiber Optics product line with a range of new solutions that will further support ongoing broadband infrastructure construction and maintenance projects by the world's leading service providers.
  • "As the global broadband industry continues to invest in products and infrastructure that will modernize communications networks around the world, so too has PLP," said Ryan Ruhlman, President of PLP.
  • PLP's new fiber connectivity solutions include:
    COYOTE® Pedestal: PLP is taking its decades-long experience developing precision-engineered fiber optic splicing solutions to the telecommunications pedestal market with the new COYOTE Pedestal.
  • "Two of our most significant product releases this year include our new COYOTE Pedestal and COYOTE STP Pro Series of fiber closures.