Preformed Line Company profile
About Preformed Line Products Company
Preformed Line Products Company is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, information (data communication), and other similar industries. The Company provides solar hardware systems, mounting hardware for a range of solar power applications, and fiber optic and copper splice closures. The Company operates through four segments: PLP-USA (including corporate), The Americas (includes operations in North and South America without PLP-USA), EMEA (Europe, Middle East & Africa) and Asia-Pacific. The PLP-USA segment consists of U.S. operations manufacturing traditional products primarily supporting domestic energy, communications, and special industries products. Its other three segments, The Americas, EMEA and Asia-Pacific, support its energy, communications, and special industries products in each respective geographical region.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Preformed Line Products Company revenues increased 11% to $517.4M. Net income increased 20% to $35.7M. Revenues reflect PLP-USA segment increase of 28% to $257.6M, EMEA segment increase of 5% to $95.9M. Net income benefited from General and administrative decrease of 2% to $55.3M (expense), Other income - net increase of 28% to $3.2M (income). Dividend per share remained flat at $0.80.
Equity composition
Common Stock $2 Par, 12/10, 15M auth., 5,270,977 issd., less 586,746 shs. in Treas. @ cost. Insiders own 50.62%. IPO 10/54, 7,000 shares @ $40 by the Company.
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