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Jun 30, 2020
Preformed Line Products Q2 2020 Earnings Report
Reported an increase in net sales and net income compared to the same quarter last year.
Key Takeaways
Preformed Line Products Company reported an increase in net sales by 2% and net income for the quarter ended June 30, 2020 was $10.5 million, or $2.11 per diluted share, compared to $7.9 million, or $1.56 per diluted share, for the comparable period in 2019.
Net sales increased by 2% compared to the second quarter of 2019.
Net income was $10.5 million, or $2.11 per diluted share.
Growth in PLP USA contributed to the year-over-year increase in net sales.
Currency translation rates unfavorably impacted net sales by $7.1 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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