PLPC PREFORMED LINE PRODUCTS CO

Overview and Growth

In fiscal 2025, PREFORMED LINE PRODUCTS CO recorded $669.34M of revenue, net income of $35.28M, and an operating cash inflow of $73.47M. Revenue of $669.34M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $593.71M in fiscal 2024, revenue recorded a 12.7% year-over-year increase. Diluted earnings per share were $7.14, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS decreased by 4.8% from $7.50 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. The revenue-to-assets relationship was 1.02x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $208.54M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 31.2% of revenue, showing how much of the top line remained after direct costs. Operating income was $55.13M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 8.2%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $35.28M for the fiscal year. Measured against reported revenue, net income produced a 5.3% margin after operating costs and the remaining recognized items. The earnings statement records $45.62M of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 6.8%, adding a pre-tax profitability layer between revenue and net income. The company recognized $10.31M of income tax for the period, completing the transition from pretax income to net income. Relative to pretax income, the tax provision measured 22.6%, quantifying the portion of pre-tax earnings paid in income tax.

Liquidity and Capital Structure

The company held $653.62M of assets against $178.07M of liabilities and $475.55M of equity, revealing how the asset base was financed. The near-term balance sheet paired $363.46M of current assets with $114.71M of current liabilities at the reporting date. The current ratio was 3.17x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $83.39M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 72.7%, excluding receivables and other current assets. Borrowings totaled $38.25M, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 0.08x, showing how much debt the company carried for each unit of book equity. Debt represented 5.9% of total assets, placing borrowing in the context of the company’s full resource base. Liabilities represented 27.2% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 12.8% of total assets, showing the liquid cash component within the company’s broader resource base.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $73.47M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 2.08x, showing the relationship between accrual earnings and operating cash. Capital expenditures used $40.13M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 54.6% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $33.34M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 5.0% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 5.1%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.