NASDAQ$PLPC

Preformed Line Products Company · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Achieved record quarterly net sales for the second consecutive quarter, with a 22% increase in net income compared to Q3 2021, despite a non-cash goodwill impairment charge in the Asia-Pacific region.

Preformed Line Products reported record net sales for the second consecutive quarter, increasing 22% to $165.4 million compared to Q3 2021. Net income increased by 11% to $11.9 million, which includes a $6.5 million non-cash goodwill impairment charge for the Asia-Pacific region.

  • Net sales increased by 22% compared to Q3 2021, reaching a record $165.4 million.
  • Net income increased by 11% to $11.9 million, impacted by a $6.5 million non-cash goodwill impairment charge.
  • Excluding the impairment charge, net income would have been $18.4 million, a 72% increase from Q3 2021 and a quarterly record.
  • Diluted EPS increased by 10% to $2.36 compared to the same period in 2021.

Headline financials

Total Revenue

$165M

Previous: $135M+22.2%
EPS (adj)

$2.36

Previous: $2.15+9.8%
Gross Margin

35.2%

No prior period
Capital Expenditures

-$25.2M

Previous: -$12.6M-99.7%
Free Cash Flow

-$13.3M

Previous: -$1.9M-600.5%
Net Income

$11.9M

Previous: $10.7M+11.0%
Operating Income

$17.4M

Previous: $13.1M+32.8%
Gross Profit

$58.3M

Previous: $43.2M+35.1%
Cash & Equivalents

$30.9M

Previous: $38.3M-19.2%
Total Assets

$531M

Previous: $494M+7.5%
Stock-Based Comp

$1.5M

Previous: $1.36M+9.7%

Revenue & EPS history

Preformed Line Products · Revenue · Quarterly

$165M

Q3 2022+22.2%vs Q3 2021
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

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 Q3 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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