Preformed Line Products (plpc) Reports Q4 EPS of $0.58

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Go back to Preformed Line Products (plpc) Reports Q4 EPS of $0.58

Preformed Line Products Announces Financial Results For The Fourth Quarter And Full Year 2015

March 4, 2016 8:48 AM EST

MAYFIELD VILLAGE, Ohio, March 4, 2016 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for the fourth quarter and the full year 2015.

Net income for the quarter ended December 31, 2015 was $3,045,000, or $.58 per diluted share, compared to $2,488,000, or $.46 per diluted share, for the comparable period in 2014.  Net sales in the fourth quarter of 2015 were $91,961,000 compared to $96,179,000 in the fourth quarter of 2014.

Currency exchange rates had an unfavorable impact on 2015 fourth quarter net sales of $10,547,000, and $36,874,000 for the year.  The unfavorable impact on net income was $670,000 for the fourth quarter, and $60,000... More