Filing Flows › Preformed Line Products (PLPC) › Q1 2025
Preformed Line Products (PLPC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Preformed Line Products (PLPC) reported revenue of $149M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -11% from the quarter before. Operating margin was 8.8%, net earnings $11.6M (7.8% of revenue).
Preformed Line Products, Q1 2025: revenue $149M (+5% year over year), operating margin 8.8%, net earnings $11.6M, operating cash flow $5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149M | -11% | +5% |
| Gross profit | $48.7M | -13% | +10% |
| Operating profit | $13.1M | -25% | +14% |
| Net earnings | $11.6M | +11% | +20% |
| Operating cash flow | $5.7M | -77% | -2% |
What changed
Revenue was $148.5M in Q1 2025, up 5% year over year and down 11% from the previous quarter. PLP-USA was the largest line at 50% of revenue. The Americas added $3.9M year over year (up 21%), 51% of the total change. Asia-Pacific declined 4%.
Gross margin was 32.8%, up 1.4 points from a year earlier. Operating profit was $13.1M, a 8.8% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 8% margin then. Operating expenses grew 9% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+41%). Net earnings were $11.5M, up 20% year over year. The effective tax rate was 15.5%.
Operating cash flow was $5.7M (down 2% year over year), 49% of net earnings. Non-cash charges added back $5.4M of depreciation and amortization and $892K of share-based compensation. Working capital and other items used $12.2M. Capital expenditures of $11.0M exceeded it, leaving free cash flow of −$5.3M.
Questions
What was Preformed Line Products' revenue in the first quarter 2025?
Preformed Line Products (PLPC) reported revenue of $149M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -11% from the quarter before.
Was Preformed Line Products profitable in the first quarter 2025?
Operating profit was $13.1M (8.8% of revenue) and net earnings $11.6M.