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Jun 30, 2022
Preformed Line Products Q2 2022 Earnings Report
Preformed Line Products reported record quarterly net sales and profit for Q2 2022.
Key Takeaways
Preformed Line Products reported a strong second quarter in 2022, marked by record net sales and profit. Net sales increased by 23% compared to the same period in 2021, reaching $163.5 million. Diluted EPS also saw a significant increase of 54%, reaching $2.77. The company's net income for the quarter was $13.7 million, benefiting from increased sales and effective leveraging of fixed costs and gross margin gains.
Record quarterly net sales and profit were achieved.
Net sales increased 23% compared to the second quarter of 2021.
Diluted EPS increased 54% from the comparable 2021 period, reaching $2.77.
Net income benefited from increased sales and leveraging of fixed costs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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