Key Highlights

  • Preformed Line Products' $0.21 quarterly dividend goes ex-dividend October 1, 2026 and is payable October 20 to shareholders of record.
  • Second-quarter net sales were $212.7 million versus $169.6 million, a 25% increase, with PLP-USA net sales up 29%.
  • Net income was $21.5 million, or $4.49 per diluted share, compared with $12.7 million, or $2.56.
  • Six-month net income was $32.0 million, or $6.62 per diluted share, compared with $24.2 million, or $4.89.

Overview

Preformed Line Products Company's (NASDAQ:PLPC) $0.21 quarterly dividend, declared September 14, 2026, yields 0.20%. Second-quarter diluted EPS was a record $4.49 and six-month diluted EPS was $6.62, compared with $2.56 and $4.89 a year earlier, according to the company. The dividend is payable October 20 to shareholders of record October 1.

Dividend Program and Shareholder Returns

Preformed Line Products' board declared a quarterly dividend of $0.21 per common share on September 14, 2026, payable October 20 to shareholders of record on October 1.

The latest filing identifies no special or supplemental common dividend. Dividend declarations remain subject to board approval and the company's financial condition.

About the Company

Preformed Line Products is an Ohio-based supplier of hardware and related systems for the energy, telecommunications, cable and data industries. Its segments include PLP-USA and international segments across the Americas, Asia-Pacific, and Europe, Middle East and Africa. Results depend on energy and communications demand, foreign currency translation and tariffs.

Financial Performance Behind the Payout

Preformed Line Products reported record second-quarter net sales of $212.7 million, compared with $169.6 million, a 25% increase. Foreign currency translation increased second-quarter net sales by $6.0 million and net income by $0.5 million.

Net income was $21.5 million, or $4.49 per diluted share, compared with $12.7 million, or $2.56. For the six months ended June 30, 2026, net sales were $388,959 thousand versus $318,142 thousand, and net income was $32.0 million, or $6.62 per diluted share, compared with $24.2 million, or $4.89.

The company stated that tariff headwinds continued to affect net income in the quarter.

Segment Growth and the Delta Star Acquisition

All segments reported year-over-year net sales increases on higher energy and communications volumes, led by PLP-USA with 29% net sales growth. In the second quarter, the company welcomed Delta Star Conetores Eletricos Ltda, located in Salto, Brazil, which it acquired in May 2026 and which contributed to the Americas segment.

Executive Chairman Rob Ruhlman described the quarter as a record for both the second quarter and the first half, crediting the company's global team.

Outlook

Preformed Line Products reports energy and communications sales, tariff effects and foreign currency translation in its results. PLP-USA net sales grew 29% in the second quarter, and the Delta Star acquisition in Brazil contributed to growth in the Americas segment.