Preformed Line Products (PLPC) Reports Q1 EPS of $0.51

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Go back to Preformed Line Products (PLPC) Reports Q1 EPS of $0.51

Preformed Line Products Announces Financial Results For The Quarter Ended March 31, 2016

May 6, 2016 8:59 AM EDT

MAYFIELD VILLAGE, Ohio, May 6, 2016 /PRNewswire/ -- Preformed Line Products Company (NASDAQ:  PLPC) today reported financial results for its first quarter ended March 31, 2016.

Net sales for the first quarter of 2016 were $78,682,000, down 8%, compared to $85,790,000 in the first quarter of 2015. 

The Company posted net income for the first quarter of 2016 of $2,658,000, or $.51 per share, compared to a net loss of $256,000, or ($.05) per share, in the first quarter of 2015.

Currency translation rates had a negative impact on 2016 first quarter net sales of $5,972,000 and $551,000 on net... More