Preformed Line Products (PLPC) Reports Q2 EPS of $0.68

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Go back to Preformed Line Products (PLPC) Reports Q2 EPS of $0.68

Preformed Line Products Announces Second Quarter and First Half 2015 Results

August 6, 2015 9:03 AM EDT

MAYFIELD VILLAGE, Ohio, Aug. 6, 2015 /PRNewswire/ -- Preformed Line Products Company (Nasdaq:  PLPC) today reported financial results for its second quarter and first six months of 2015.

Net income for the quarter ended June 30, 2015 was $3,680,000, or $.68 per diluted share, compared to $5,080,000 or $.94 per diluted share, for the comparable period in 2014.

Net sales in the second quarter of 2015 were $87,869,000, compared to $99,981,000 in the second quarter of 2014.

Currency exchange rates had a negative impact on sales of $8,320,000 for the second quarter of 2015, but the effect on net income was negligible.

Net income for the six months ended June... More