# EDGAR Filing Document

**Accession Number:** 0000080035
**File Stem:** 0000080035-25-000011
**Filing Date:** 2025-7
**Character Count:** 17675
**Document Hash:** 8bf1e58126cae2adb286c01fac39fad5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000080035-25-000011.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0000080035-25-000011

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20250730

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PREFORMED LINE PRODUCTS CO
- **CENTRAL INDEX KEY:** 0000080035
- **STANDARD INDUSTRIAL CLASSIFICATION:** WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 340676895
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-31164
- **FILM NUMBER:** 251167447

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 91129
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44101
- **BUSINESS PHONE:** 440-461-5200

**MAIL ADDRESS:**
- **STREET 1:** 660 BETA DRIVE
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44143

?xml version='1.0' encoding='ASCII'? plpc-20250730

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

_________________________________________________________

**FORM 8-K**

_________________________________________________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): July 30, 2025**

_________________________________________________________

**Preformed Line Products Company**

**(Exact name of Registrant as Specified in Its Charter)**

_________________________________________________________

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| | | |
|:---|:---|:---|
| **Ohio** | **0-31164** | **34-0676895** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission File Number)** | **(IRS Employer**<br>**Identification No.)** |
| **660 Beta Drive** | | |
| **Mayfield Village, Ohio** | | **44143** |
| **(Address of Principal Executive Offices)** | | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code: 440 461-5200**

**(Former Name or Former Address, if Changed Since Last Report)**

_________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange on which registered** |
| Common | PLPC | The Nasdaq Global Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition.**

On July 30, 2025, Preformed Line Products Company issued a press release announcing earnings for the quarter ended June 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except, as shall be expressly set forth by specific reference in such a filing.

**Item 7.01 Regulation FD Disclosure**

On July 30, 2025, the Company posted an investor presentation to its website at plp.com/investor-relations.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except, as shall be expressly set forth by specific reference in such a filing.

**Item 9.01 Financial Statements and Exhibits.**

(d)Exhibits

---

| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| 99.1 | <u>[Press release dated July 30, 2025, announcing earnings for the second quarter 2025 financial results](plpc-10qxexx991x2025q2.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | PREFORMED LINE PRODUCTS COMPANY |
| Date: | July 30, 2025 | By: | /s/ Andrew S. Klaus |
|  |  |  | Andrew S. Klaus, CFO |

---

## Exhibit 99.1

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| | |
|:---|:---|
| ![ana.jpg](ana.jpg) | Exhibit 99.1<br>![ebr-20231231x20f007a.jpg](ebr-20231231x20f007a.jpg) |
| ![ana.jpg](ana.jpg) | |

---

**PREFORMED LINE PRODUCTS ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS**

**CLEVELAND, OHIO – July 30, 2025** - Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its second quarter of 2025.

Q2 2025 highlights compared to same quarter last year:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net sales growth of 22%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross margin increase of 80 bps

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income and fully diluted EPS increase of 35%

Net sales in the second quarter of 2025 were $169.6 million compared to $138.7 million in the second quarter of 2024, a 22% increase. PLP-USA continued its strong 2025 performance as both energy product and communications end market sales contributed to the increase. The international segments bolstered the sales increase with higher energy product sales as well as incremental communication sales from the recently acquired JAP Telecom. Foreign currency translation reduced second-quarter 2025 net sales by $0.5 million.

Net income for the quarter ended June 30, 2025, was $12.7 million, or $2.56 per diluted share, compared to $9.4 million, or $1.89 per diluted share, for the comparable period in 2024. The second quarter of 2025 net income was impacted by an increase in gross profit from higher sales levels and lower interest expense, partially offset by higher period expenses and the impact of recently enacted tariffs affecting goods sourced internationally by the USA segment. Gross profit as a percentage of net sales was 32.7% for the second quarter of 2025, an increase of 80 basis points versus the same quarter in 2024.

Net sales increased 14% to $318.1 million for the first six months of 2025 compared to $279.6 million for the first six months of 2024. All segments realized a year-over-year increase in sales due to higher volumes of energy and communication market sales. Foreign currency translation rates reduced net sales by $4.9 million for the six months ended June 30, 2025.

Net income for the six months ended June 30, 2025 was $24.2 million, or $4.89 per diluted share, compared to $19.0 million, or $3.83 per diluted share, for the comparable period in 2024. YTD June 30, 2025 net income was impacted by an increase in gross profit resulting from the increase in sales and lower interest expense, which were partially offset by higher period expenses and increased tariff expense.

Rob Ruhlman, Executive Chairman, said, "Building on a strong Q1 2025, we posted strong sales and earnings gains for Q2 2025. I am most pleased that the sales growth is global, benefiting the USA energy and communications business as well as growth in many of the international operations. While we remain optimistic that our primary end markets will continue to grow, the impact on customer demand caused by recently enacted tariffs creates uncertainty. Our strong commitment to USA manufacturing provides a competitive advantage in the current high-tariff environment, but we will incur certain cost increases related to key commodity inputs necessary for our USA production process, primarily due to Section 232 steel and aluminum tariffs. Through strong execution, we have managed the tariff impact well. We will continue to actively mitigate the impact of higher costs caused by tariffs and other global commodity cost increases by implementing targeted selling price increases and continued focus on cost containment and supply chain strategies. I am also happy to welcome newly acquired JAP Telecom to the PLP family and I am confident in the contributions they will make to our communications product portfolio. Our current focus is unchanged: provide our customers with the high-quality products and superior customer service they have come to expect from PLP."

*A presentation on second quarter results will also be available on PLP's website at www.plp.com/investor-relations.*

![ebr-20231231x20f016a.jpg](ebr-20231231x20f016a.jpg)

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![ebr-20231231x20f008a.jpg](ebr-20231231x20f008a.jpg)

**FORWARD-LOOKING STATEMENTS**

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the Company, including those statements regarding the Company's and management's beliefs and expectations concerning the Company's future performance or anticipated financial results, among others. Except for historical information, the matters discussed in this release are forward-looking statements that involve risks and uncertainties which may cause results to differ materially from those set forth in those statements. Among other things, factors that could cause actual results to differ materially from those expressed in such forward-looking statements include the uncertainty in global business conditions and the economy due to factors such as inflation, rising interest rates, tariffs, labor disruptions, military conflict, political instability, exchange rates, natural disasters and health epidemics, the strength of demand and availability of funding for the Company's products and the mix of products sold, the relative degree of competitive and customer price pressure on the Company's products, the cost, availability and quality of raw materials required for the manufacture of products, opportunities for business growth through acquisitions and the ability to successfully integrate any acquired businesses, changes in regulations and tax rates, security breaches, litigation and claims and the Company's ability to continue to develop proprietary technology and maintain high-quality products and customer service to meet or exceed new industry performance standards and individual customer expectations, and other factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the Company's 2024 Annual Report on Form 10-K filed with the SEC on March 13, 2025 and subsequent filings with the SEC. The Annual Report on Form 10-K and the Company's other filings with the SEC can be found on the SEC's website at http://www.sec.gov. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

**ABOUT PLP**

PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

---

| | |
|:---|:---|
| **MEDIA RELATIONS** | **INVESTOR RELATIONS** |
| **JOSH NELSON** | **ANDREW S. KLAUS** |
| MANAGER, MARKETING COMMUNICATIONS | CHIEF FINANCIAL OFFICER |
| +1 440 473 9120 | +1 440 473 9246 |
| JOSH.NELSON@PLP.COM | ANDY.KLAUS@PLP.COM |

---

![ebr-20231231x20f016a.jpg](ebr-20231231x20f016a.jpg)

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![ebr-20231231x20f008a.jpg](ebr-20231231x20f008a.jpg)

**PREFORMED LINE PRODUCTS COMPANY**

**CONSOLIDATED BALANCE SHEET**

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| | | |
|:---|:---|:---|
| | **June 30, 2025** | **December 31, 2024** |
| *(Thousands of dollars, except share and per share data)* | (Unaudited) |  |
| **ASSETS** |  |  |
| Cash, cash equivalents and restricted cash | $66908 | $57244 |
| Accounts receivable, net | 123877 | 111402 |
| Inventories, net | 143369 | 129913 |
| Prepaid expenses | 12735 | 11720 |
| Other current assets | 6277 | 5514 |
| &nbsp;&nbsp;&nbsp;**TOTAL CURRENT ASSETS** | 353166 | 315793 |
| Property, plant and equipment, net | 211923 | 195086 |
| Goodwill | 29518 | 26685 |
| Other intangible assets, net | 9966 | 9656 |
| Deferred income taxes | 7204 | 6546 |
| Other assets | 19684 | 20111 |
| &nbsp;&nbsp;&nbsp;**TOTAL ASSETS** | $631461 | $573877 |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |
| Trade accounts payable | $51137 | $41951 |
| Notes payable to banks | 4414 | 7782 |
| Current portion of long-term debt | 3928 | 2430 |
| Accrued compensation and other benefits | 25574 | 25904 |
| Accrued expenses and other liabilities | 29718 | 30346 |
| &nbsp;&nbsp;&nbsp;**TOTAL CURRENT LIABILITIES** | 114771 | 108413 |
| Long-term debt, less current portion | 27878 | 18357 |
| Other noncurrent liabilities and deferred income taxes | 28036 | 24783 |
| **SHAREHOLDERS' EQUITY** |  |  |
| Common shares – $2 par value per share, 15,000,000 shares authorized, 4,924,737 and 4,913,621 issued and outstanding, at June 30, 2025 and December 31, 2024 | 13823 | 13752 |
| Common shares issued to rabbi trust, 223,168 and 222,887 shares at June 30, 2025 and December 31, 2024, respectively | (9613) | (9575) |
| Deferred compensation liability | 9613 | 9575 |
| Paid-in capital | 64019 | 65093 |
| Retained earnings | 575368 | 553179 |
| Treasury shares, at cost, 1,986,382 and 1,961,772 shares at June 30, 2025 and December 31, 2024, respectively | (130163) | (126800) |
| Accumulated other comprehensive loss | (62311) | (82909) |
| &nbsp;&nbsp;&nbsp;**TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY** | 460736 | 422315 |
| Noncontrolling interest | 40 | 9 |
| &nbsp;&nbsp;&nbsp;**TOTAL SHAREHOLDERS' EQUITY** | 460776 | 422324 |
| &nbsp;&nbsp;&nbsp;**TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | $631461 | $573877 |

---

![ebr-20231231x20f016a.jpg](ebr-20231231x20f016a.jpg)

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![ebr-20231231x20f008a.jpg](ebr-20231231x20f008a.jpg)

**PREFORMED LINE PRODUCTS COMPANY**

**STATEMENTS OF CONSOLIDATED INCOME**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| *(Thousands, except per share data)* | (Unaudited) |  | (Unaudited) |  |
| Net sales | $169601 | $138720 | $318142 | $279625 |
| Cost of products sold | 114202 | 94447 | 214072 | 191220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**GROSS PROFIT** | 55399 | 44273 | 104070 | 88405 |
| Costs and expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Selling | 13092 | 11928 | 25273 | 23828 |
| &nbsp;&nbsp;&nbsp;General and administrative | 18665 | 15250 | 36291 | 31858 |
| &nbsp;&nbsp;&nbsp;Research and engineering | 5695 | 5358 | 11174 | 10789 |
| &nbsp;&nbsp;&nbsp;Other operating expense (income), net | 823 | 445 | 1078 | (921) |
|  | 38275 | 32981 | 73816 | 65554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OPERATING INCOME** | 17124 | 11292 | 30254 | 22851 |
| Other income (expense) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | 384 | 346 | 894 | 1318 |
| &nbsp;&nbsp;&nbsp;Interest expense | (318) | (568) | (694) | (1276) |
| &nbsp;&nbsp;&nbsp;Other income, net | 116 | 91 | 523 | 126 |
|  | 182 | (131) | 723 | 168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**INCOME BEFORE INCOME TAXES** | 17306 | 11161 | 30977 | 23019 |
| Income tax expense | 4606 | 1794 | 6724 | 4049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**NET INCOME** | $12700 | $9367 | $24253 | $18970 |
| Net loss (income) attributable to noncontrolling interests | 5 | (1) | (31) | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**NET INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS** | $12705 | $9366 | $24222 | $18962 |
| **AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 4932 | 4915 | 4930 | 4915 |
| &nbsp;&nbsp;&nbsp;Diluted | 4955 | 4964 | 4955 | 4955 |
| **EARNINGS PER SHARE OF COMMON STOCK ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $2.58 | $1.91 | $4.91 | $3.86 |
| &nbsp;&nbsp;&nbsp;Diluted | $2.56 | $1.89 | $4.89 | $3.83 |
| Cash dividends declared per share | $0.20 | $0.20 | $0.40 | $0.40 |

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![ebr-20231231x20f016a.jpg](ebr-20231231x20f016a.jpg)