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Sep 30, 2020
Preformed Line Products Q3 2020 Earnings Report
Reported record quarterly net sales, net income, and diluted earnings per share.
Key Takeaways
Preformed Line Products reported a 7% increase in net sales to $127.5 million and net income of $13.0 million, or $2.59 per diluted share, for the third quarter of 2020.
Net sales increased by 7% compared to Q3 2019.
Net income increased to $13.0 million from $8.0 million in Q3 2019.
Diluted earnings per share rose to $2.59 from $1.55 in Q3 2019.
Currency translation rates unfavorably impacted net sales by $3.7 million.
Forward Guidance
The extent to which COVID-19 will impact future operations is unknown. The company will continue to focus on the safety and well-being of employees, their families, customers and suppliers while continuing to provide high quality products and services.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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