Form 8-K

8-K — PREFORMED LINE PRODUCTS CO

Accession: 0000080035-26-000015

Filed: 2026-04-29

Period: 2026-04-29

CIK: 0000080035

SIC: 1623 (WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — plpc-20260429.htm (Primary)

EX-99.1 (plpc-10qxexx991x2026q1.htm)

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8-K

8-K (Primary)

Filename: plpc-20260429.htm · Sequence: 1

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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): April 29, 2026

_________________________________________________________

Preformed Line Products Company

(Exact name of Registrant as Specified in Its Charter)

_________________________________________________________

Ohio 0-31164 34-0676895

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

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:

Title of each class

Trading

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. ☐

Item 2.02 Results of Operations and Financial Condition.

On April 29, 2026, Preformed Line Products Company issued a press release announcing earnings for the quarter ended March 31, 2026. 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 April 29, 2026, 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

Exhibit No. Description

99.1

Press release dated April, 29, 2026, announcing earnings for the first quarter 2026 financial results

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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:

April 29, 2026

By: /s/ Andrew S. Klaus

Andrew S. Klaus, CFO

EX-99.1

Filename: plpc-10qxexx991x2026q1.htm · Sequence: 2

Document

Exhibit 99.1

PREFORMED LINE PRODUCTS ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS

CLEVELAND, OHIO – April 29, 2026 - Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its first quarter of 2026.

Q1 2026 highlights:

•Quarterly net sales of $176.3 million, an increase of 19% from Q1 2025.

•USA sales growth of 26% from Q1 2025, driven by robust demand in energy and communications markets.

•Gross profit margin of 31.3%, up 150 basis points from Q4 2025.

•Diluted EPS of $2.14 per share, up 24% from Q4 2025.

Net sales in the first quarter of 2026 were $176.3 million compared to $148.5 million in the first quarter of 2025, a 19% increase. All segments recorded sales growth compared to the first quarter of 2025, with the PLP-USA business growing by 26%, primarily due to higher demand for energy and communications products. Foreign currency translation had a favorable impact of $7.2 million on the first quarter of 2026 net sales.

Net income for the quarter ended March 31, 2026, was $10.5 million, or $2.14 per diluted share, compared to $11.5 million, or $2.33 per diluted share, for the comparable period in 2025. While gross profit was up approximately $6.5 million from Q1 2025, period expenses were impacted by increased personnel costs supporting strategic market growth in core product offerings in both energy and communications, primarily for sales, sales support and engineering resources. Net income for the first quarter of 2026 was affected by an income tax charge of $1.3 million related to PLP's French subsidiary. Foreign currency translation had a favorable impact of $0.1 million on the first quarter of 2026 net income. Compared against Q4 2025, which contained many of the same tariff headwinds that impacted Q1 2025, gross profit margins, net income, and diluted EPS all increased.

"As we reflect on the first quarter of 2026, I am proud of the Company’s continued resilience in a challenging and dynamic global environment," said Rob Ruhlman, Executive Chairman. "Our team achieved exceptional sales growth this quarter, propelled by outstanding results from our U.S. manufacturing operations and our ability to meet rising demand. We faced margin pressure from higher manufacturing and ongoing tariff-related costs, as well as volatility in commodity prices. However, our impressive 150 basis point increase in gross profit percentage from Q4 2025 shows that we are actively managing these challenges through supply chain optimization, pricing strategies, and investment in efficiency and innovation. Our healthy balance sheet and strong liquidity provide flexibility to pursue strategic acquisitions, while also investing in facility modernization and returning capital to our valued shareholders. While the ongoing tariff and geopolitical uncertainties present challenges, I believe our team is well prepared to adapt. Our 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 first quarter results will also be available on PLP’s website at www.plp.com/investor-relations.

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, international hostilities, political instability, exchange rates, natural disasters and health epidemics, the strength of demand and availability of funding for the Company’s products (including in light of price increases) 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 and customer demand, 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 2025 Annual Report on Form 10-K filed with the SEC on March 5, 2026 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

PREFORMED LINE PRODUCTS COMPANY (PLPC)

CONSOLIDATED BALANCE SHEET

March 31, 2026 December 31, 2025

(Thousands of dollars, except share and per share data) (Unaudited)

ASSETS

Cash, cash equivalents and restricted cash $ 69,452 $ 83,389

Accounts receivable, net 130,840 113,175

Inventories, net 151,810 148,730

Prepaid expenses 12,998 12,961

Other current assets 6,287 5,206

TOTAL CURRENT ASSETS 371,387 363,461

Property, plant and equipment, net 225,279 222,781

Goodwill 30,351 30,684

Other intangible assets, net 9,837 10,140

Deferred income taxes 6,794 7,481

Other assets 18,181 19,074

TOTAL ASSETS $ 661,829 $ 653,621

LIABILITIES AND SHAREHOLDERS' EQUITY

Trade accounts payable $ 56,766 $ 49,520

Notes payable to banks 1,318 1,213

Current portion of long-term debt 5,891 5,392

Accrued compensation and other benefits 24,084 29,207

Accrued expenses and other liabilities 35,532 29,378

TOTAL CURRENT LIABILITIES 123,591 114,710

Long-term debt, less current portion 34,737 32,860

Other noncurrent liabilities and deferred income taxes 29,919 30,500

SHAREHOLDERS' EQUITY

Common shares $2 par value per share, 15,000,000 shares authorized, 4,888,012 and 4,907,787 issued and outstanding, at March 31, 2026 and December 31, 2025

13,890 13,860

Common shares issued to rabbi trust, 222,506 and 222,506 shares at March 31, 2026 and December 31, 2025, respectively

(9,586) (9,586)

Deferred compensation liability 9,586 9,586

Paid-in capital 66,047 67,217

Retained earnings 593,869 584,360

Treasury shares, at cost, 2,056,379 and 2,021,940 shares at March 31, 2026 and December 31, 2025, respectively

(145,492) (136,554)

Accumulated other comprehensive loss (54,790) (53,365)

TOTAL PLPC SHAREHOLDERS' EQUITY 473,524 475,518

Noncontrolling interest 58 33

TOTAL SHAREHOLDERS' EQUITY 473,582 475,551

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 661,829 $ 653,621

PREFORMED LINE PRODUCTS COMPANY

STATEMENTS OF CONSOLIDATED INCOME

Three Months Ended March 31,

2026 2025

(Thousands, except per share data) (Unaudited)

Net sales $ 176,278 $ 148,541

Cost of products sold 121,058 99,870

GROSS PROFIT 55,220 48,671

Costs and expenses

Selling 13,769 12,181

General and administrative 21,053 17,626

Research and engineering 6,736 5,479

Other operating (income) expense, net (54) 255

41,504 35,541

OPERATING INCOME 13,716 13,130

Other income (expense)

Interest income 777 510

Interest expense (232) (376)

Other income, net 69 407

614 541

INCOME BEFORE INCOME TAXES 14,330 13,671

Income tax expense 3,781 2,118

NET INCOME $ 10,549 $ 11,553

Net loss (income) attributable to noncontrolling interests

(25) (36)

NET INCOME ATTRIBUTABLE TO PLPC SHAREHOLDERS $ 10,524 $ 11,517

AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING:

Basic 4,906 4,928

Diluted 4,927 4,950

EARNINGS PER SHARE OF COMMON STOCK ATTRIBUTABLE TO PLPC SHAREHOLDERS:

Basic $ 2.15 $ 2.34

Diluted $ 2.14 $ 2.33

Cash dividends declared per share $ 0.21 $ 0.20

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