Preformed Line Products (PLPC) Reports Q4 EPS of $0.46

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Go back to Preformed Line Products (PLPC) Reports Q4 EPS of $0.46

Preformed Line Products Announces Financial Results For The Fourth Quarter And Full Year 2014

March 12, 2015 8:08 AM EDT

MAYFIELD VILLAGE, Ohio, March 12, 2015 /PRNewswire/ -- Preformed Line Products Company (NASDAQ:  PLPC) today reported financial results for the fourth quarter and the full year 2014.

Net income for the quarter ended December 31, 2014 was $2,488,000, or $.46 per diluted share, compared to $3,132,000, or $.58 per diluted share, for the comparable period in 2013.  Net sales in the fourth quarter of 2014 were $96,179,000 compared to $98,543,000 in the fourth quarter of 2013.

Currency exchange rates had a negative impact on 2014 fourth quarter net sales of $3,612,000, and $9,288,000 for the year.  The impact on net income was a favorable $88,000 for the fourth quarter and... More