Diluted EPS rose to a record $4.49 as strong PLP-USA energy demand, communications improvement and contributions from all international segments lifted results despite higher selling costs and tariff headwinds.
Preformed Line Products Company reported record second-quarter 2026 results, with net sales rising 25% year over year to $212.7 million and diluted earnings per share climbing 75% to $4.49. The company said growth was driven primarily by PLP-USA, where sales increased 32% from Q2 2025 on robust energy-market demand, while communications markets also improved and every international segment posted higher sales. Gross profit margin reached 34.3%, up 160 basis points from a year earlier and 300 basis points from Q1 2026. Net income for the quarter ended June 30, 2026, increased to $21.5 million from $12.7 million, helped by higher volumes, favorable product mix, fixed-cost leverage and price increases enacted in 2025, partly offset by higher selling costs, personnel investment and tariff headwinds. Foreign currency translation added $6.0 million to second-quarter sales and $0.5 million to net income. For the first six months of 2026, net sales rose 22% to $389.0 million and net income increased to $32.0 million, or $6.62 per diluted share. Executive Chairman Rob Ruhlman said the May 2026 acquisition of Delta Star Conetores Electricos Ltda in Salto, Brazil, is intended to support U.S. substation growth and expand the company’s South American portfolio.