Preformed Line Products Company announced net sales of $148.5 million for the first quarter of 2025, marking a 5% increase compared to $140.9 million in the first quarter of 2024. Net income for the quarter rose 20% to $11.5 million, or $2.33 per diluted share, up from $9.6 million, or $1.94 per diluted share, in the comparable prior-year period. Gross profit as a percentage of net sales increased by 150 basis points to 32.8%.
Sales growth was observed across PLP-USA, driven by increased communications sales, and in most international segments, which experienced growth in energy sales. Executive Chairman Rob Ruhlman expressed satisfaction with the solid start to 2025 and the growth in both domestic communications and international operations.
Management, while optimistic about continued growth in primary end markets, expressed caution regarding the impact of newly enacted tariffs on customer demand. The company anticipates incurring cost increases related to key commodity inputs like steel and aluminum for its USA production process, and is actively working to mitigate these impacts through targeted selling price increases and cost containment strategies.
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