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Dec 31, 2019
Preformed Line Products Q4 2019 Earnings Report
Preformed Line Products reported an increase in net sales and net income for the fourth quarter of 2019, with record domestic sales and double-digit sales growth at international locations.
Key Takeaways
Preformed Line Products Company reported net sales of $113.6 million and net income of $5.6 million, or $1.09 per diluted share, for the fourth quarter of 2019. The company experienced an 8% increase in net sales compared to the fourth quarter of 2018.
Net sales increased by 8% in Q4 2019 compared to Q4 2018.
Net income for Q4 2019 was $5.6 million, or $1.09 per diluted share.
Record domestic sales were achieved for the second consecutive year.
Double-digit sales growth was experienced in local currencies at international locations.