Preformed Line Products (PLPC) Swings to Q1 Loss

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Go back to Preformed Line Products (PLPC) Swings to Q1 Loss

Preformed Line Products Announces Financial Results For The Quarter Ended March 31, 2015

May 5, 2015 8:31 AM EDT

MAYFIELD VILLAGE, Ohio, May 5, 2015 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its first quarter ended March 31, 2015.

Net sales for the first quarter of 2015 were $85,790,000, down 5% compared to $89,925,000 in the first quarter of 2014. 

The Company posted a net loss for the first quarter 2015 of $256,000, or $.05 per share, compared to net income of $2,738,000, or $.50 per diluted share, in the first quarter of 2014.

Currency translation rates had a negative impact on 2015 first quarter net sales of $6,484,000 and a negligible impact on net income.  However, losses on foreign currency transactions... More