PLP Q3 Sales Jump 18% to $209.5M as Gross Margin Gains 370 bps
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CLEVELAND – October 29, 2026 -- Preformed Line Products (NASDAQ: PLPC) lifted third-quarter 2026 net sales 18% to $209.5 million, from $178.1 million a year earlier, while gross margin widened 370 basis points to 33.4%.
Net income reached $18.0 million, or $3.56 per diluted share, against $2.6 million, or $0.53 per share, in Q3 2025. Adjusted for charges tied to the U.S. Pension Plan termination in Q3 2025, diluted EPS rose 70%. Currency translation added $3.1 million to quarterly sales and $0.4 million to net income.
PLP-USA drives growth on transmission and distribution demand
PLP-USA delivered more than $100 million in net sales for the second consecutive quarter, driven mainly by transmission and distribution markets. For the first nine months, PLP-USA net sales grew 28%.