Preformed Line Products: Solid Company But Overvalued [Seeking Alpha]
Preformed Line Products Company (PLPC)
US:NASDAQ Investor Relations:
preformed.com/investor-relations
Company Research
Source: Seeking Alpha
Follow Play 7min Summary Preformed Line Products Company saw a 24% decline in Q2 net sales, with GAAP profits dropping over 50% year-over-year. CEO Rob Ruhlman attributes the decline to weak demand in the Communications end market, higher borrowing costs, and delayed BEAD stimulus funding. The stock fell sharply post-earnings, bottoming near $113, with long-term support far below at $80 and a bearish MACD crossover. Poor volume trends and lower lows over the past 15 months suggest no firm bottom for PLPC shares in the near term. IvelinRadkov Intro We wrote about Preformed Line Products Company ( NASDAQ: PLPC ) in June of this year after the company's first-quarter earnings numbers when we pointed to how weakness in the Communications End-Market was adversely affecting Preformed's growth rates. Net sales (Approximately $141 million for the quarter) dropped by well over 20% in the first quarter this year, and surprisingly, Preformed's GAAP profits ($9.6 million) fel
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PLPC
News
- PREFORMED LINE PRODUCTS ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTSPR Newswire
- Preformed Line Products (NASDAQ: PLPC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- We Like These Underlying Return On Capital Trends At Preformed Line Products (NASDAQ:PLPC) [Yahoo! Finance]Yahoo! Finance
- PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDENDPR Newswire
- Preformed Line Products (NASDAQ:PLPC) shareholders have earned a 21% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
PLPC
Sec Filings
- 10/31/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/17/24 - Form SC
- PLPC's page on the SEC website