NASDAQ$PLPC
Preformed Line Products Company · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Net sales increased but net income decreased due to rising costs.
Preformed Line Products reported a 13.1% increase in net sales for Q2 2021, reaching $133.0 million compared to $117.6 million in Q2 2020. However, net income decreased to $8.9 million, or $1.80 per diluted share, from $10.5 million, or $2.11 per diluted share, in the same quarter of the previous year.
- Net sales increased by 13.1% compared to Q2 2020, reaching $133.0 million.
- Currency translation rates had a favorable impact of $6.2 million on net sales.
- Net income decreased to $8.9 million, or $1.80 per diluted share, compared to $10.5 million, or $2.11 per diluted share, in Q2 2020.
- Increased raw material prices and transportation costs, along with losses on foreign currency transactions, negatively impacted net income.
Headline financials
Revenue & EPS history
Preformed Line Products · Revenue · Quarterly
$133M
Forward guidance
While raw material and transportation cost inflation have negatively affected our earnings, the announced price increase will soon begin to mitigate its impact. That said, continued cost inflation in these areas through the second half of the year may off-set these gains and require further price adjustments going forward.
Tailwinds
- Announced price increase will soon begin to mitigate impact.
- Geographic diversification continues to de-risk our business model.
- Focus on the safety and well-being of our employees.
- Continuing to provide the high-quality products and services our customers expect.
Headwinds
- Raw material and transportation cost inflation have negatively affected our earnings.
- Continued cost inflation in these areas through the second half of the year may off-set these gains.
- Require further price adjustments going forward.
- Asia-Pacific region continues to be negatively impacted by the deferral of infrastructure projects due to COVID-19.
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 Q2 2021
-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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