Preformed Line Products Company ( (PLPC) ) has provided an update.
On March 13, 2025, Preformed Line Products Company announced its financial results for the fourth quarter and full year of 2024. The company reported a 15% increase in quarterly net sales compared to Q4 2023, driven primarily by international subsidiaries and increased energy market sales. Despite a challenging year with an 11% decline in full-year net sales due to U.S. market softness, PLP managed to reduce its debt by $33.7 million through strong cash generation. The company remains focused on product development, facility modernization, and growth opportunities, supported by a robust balance sheet.
More about Preformed Line Products Company
Preformed Line Products Company (PLP) operates in the energy and communications sectors, providing precision-engineered solutions that enhance the reliability and performance of critical connections. With a global presence in 20 countries, PLP is known for delivering high-quality products and exceptional service to energy and communications providers worldwide.
YTD Price Performance: -3.60%
Average Trading Volume: 22,080
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $600.2M
For detailed information about PLPC stock, go to TipRanks’ Stock Analysis page.