NASDAQ$PLPC
Preformed Line Products Company · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Preformed Line Products reported a decrease in net sales and net income for Q1 2024 due to a slowdown in the communications end market.
Preformed Line Products' first quarter 2024 net sales decreased by 22% to $140.9 million compared to $181.8 million in the first quarter of 2023. Net income for the quarter was $9.6 million, or $1.94 per diluted share, compared to $21.4 million, or $4.28 per diluted share, for the comparable period in 2023.
- Net sales decreased by 22% due to a slowdown in the communications end market.
- Net income decreased to $9.6 million, or $1.94 per diluted share.
- Gross profit as a percentage of net sales was 31.3%.
- Cost reduction activities instituted in mid-2023 led to reduced spending.
Headline financials
Revenue & EPS history
Preformed Line Products · Revenue · Quarterly
$141M
Forward guidance
The company anticipates favorable market conditions to return and is focused on providing high-quality products and timely service.
Tailwinds
- Continued investment in new product development
- Streamlining manufacturing operations
- Expanding customer service portfolio
- Strong liquidity
- Focus on providing high-quality products and timely service
Headwinds
- Softness in communications end market demand
- Higher borrowing rates
- Delayed BEAD stimulus funding
- Elevated inventory levels
- Overbuying that occurred in 2022 and early 2023
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.1%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+5.3%
Avg return
30 days after
42%
27 / 65 earnings
Positive
+21.1%
Q4 2022
Best reaction
-21.3%
Q3 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.5% | +6.3% | +9.4% | |
| Q4 2025 | -2.4% | +3.7% | +18.5% | |
| Q3 2025 | -6.9% | -10.2% | -12.6% | |
| Q1 2025 | +1.4% | +2.2% | +11.2% | |
| Q4 2024 | -1.5% | +23.4% | +13.4% | |
| Q3 2024 | -3.3% | -1.9% | +6.9% | |
| Q2 2024 | -5.0% | -10.2% | -10.4% | |
| Q1 2024 | +4.1% | +3.6% | +11.0% | |
| Q4 2023 | -3.9% | -3.8% | -5.3% | |
| Q3 2023 | -18.5% | -14.2% | -5.1% | |
| Q2 2023 | -8.8% | -8.2% | -5.6% | |
| Q1 2023 | +15.9% | +10.1% | +17.6% | |
| Q4 2022 | +21.1% | +32.5% | +43.6% | |
| Q3 2022 | +4.1% | +3.9% | +16.5% | |
| Q2 2022 | +16.1% | +12.9% | +26.3% | |
| Q1 2022 | -5.1% | -2.6% | -1.5% | |
| Q4 2021 | +5.2% | +10.7% | +15.2% | |
| Q3 2021 | +2.5% | -0.3% | -3.8% | |
| Q2 2021 | -0.5% | +0.9% | +2.4% | |
| Q1 2021 | -0.9% | +2.8% | +11.5% | |
| Q4 2020 | -13.4% | -7.6% | -9.7% | |
| Q3 2020 | +10.7% | +8.6% | +22.0% | |
| Q2 2020 | +15.8% | +11.4% | +3.7% | |
| Q1 2020 | +0.2% | -10.2% | -0.1% | |
| Q4 2019 | -3.9% | -7.5% | -9.1% | |
| Q3 2019 | +17.7% | +18.0% | +31.7% | |
| Q2 2019 | -6.6% | -12.3% | -10.7% | |
| Q1 2019 | -6.3% | -7.0% | -13.6% | |
| Q4 2018 | -1.6% | -1.0% | +0.8% | |
| Q3 2018 | -6.2% | -14.7% | -19.3% | |
| Q2 2018 | -6.9% | -6.4% | -6.2% | |
| Q1 2018 | -0.2% | -0.5% | +12.8% | |
| Q4 2017 | +6.9% | +3.0% | -4.1% | |
| Q3 2017 | -0.3% | -2.2% | +14.1% | |
| Q2 2017 | +8.0% | +11.4% | +6.5% | |
| Q1 2017 | -9.0% | -11.3% | -7.2% | |
| Q4 2016 | -0.3% | +3.2% | +13.8% | |
| Q3 2016 | +3.0% | +6.9% | +32.6% | |
| Q2 2016 | -7.1% | -12.2% | -11.7% | |
| Q1 2016 | -0.4% | — | — | |
| Q4 2015 | +12.6% | — | — | |
| Q3 2015 | -9.0% | — | — | |
| Q2 2015 | +1.6% | — | — | |
| Q1 2015 | -2.7% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | -5.8% | — | — | |
| Q2 2014 | +3.9% | — | — | |
| Q1 2014 | +0.3% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | -21.3% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | -7.2% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | +0.8% | — | — | |
| Q2 2012 | -2.5% | — | — | |
| Q1 2011 | +2.9% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2009 | +4.8% | — | — | |
| Q4 2011 | +4.8% | — | — | |
| Q3 2011 | -3.3% | — | — | |
| Q3 2010 | -3.3% | — | — | |
| Q4 2010 | +2.5% | — | — | |
| Q2 2010 | +2.5% | — | — | |
| Q2 2011 | +2.5% | — | — | |
| Q1 2010 | -0.6% | — | — |
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