Preformed Line Products Q3 revenue rises

Overview

• US network infrastructure supplier's Q3 revenue rose 18% yr/yr

• Gross profit margin for Q3 improved by 370 basis points to 33.4%

• Q3 diluted EPS rose 70% yr/yr when adjusted for pension plan charges

Outlook

• Company did not provide specific financial guidance for upcoming quarters or full year in the press release

Result Drivers

• TRANSMISSION & DISTRIBUTION GROWTH - Co said PLP-USA sales were driven by growth in transmission and distribution markets

• ACQUISITION IMPACT - Americas segment benefited from Delta Star acquisition and higher communications volumes

• ASIA-PACIFIC ENERGY DEMAND - Asia-Pacific sales rose on higher energy volumes

Company press release:

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the electrical components & equipment peer group is "buy"

• Wall Street's median 12-month price target for Preformed Line Products Co is $480.00, about 37.4% above its October 27 closing price of $349.42

• The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 39 three months ago

Reuters Recommended Reads

• Oct 28 - Amphenol Q3 sales beat estimates on IT datacom growth, acquisitions

• Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook

• Oct 28 - IDEX Q3 sales beat on increased volumes

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)