So, the Wheels Came Off Preformed Line Products's Bus

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Preformed Line Products (NAS: PLPC) reported earnings on March 14. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Preformed Line Products whiffed on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share dropped significantly.


Margins contracted across the board.

Revenue details
Preformed Line Products notched revenue of $104.2 million. The one analyst polled by S&P Capital IQ hoped for a top line of $116.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.98. The one earnings estimate compiled by S&P Capital IQ forecast $1.41 per share. GAAP EPS of $0.98 for Q4 were 41% lower than the prior-year quarter's $1.67 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 31.6%, 70 basis points worse than the prior-year quarter. Operating margin was 8.8%, 260 basis points worse than the prior-year quarter. Net margin was 5.1%, 330 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $114.5 million. On the bottom line, the average EPS estimate is $1.55.

Next year's average estimate for revenue is $469.4 million. The average EPS estimate is $6.29.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 285 members out of 290 rating the stock outperform, and five members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give Preformed Line Products a green thumbs-up, and one give it a red thumbs-down.

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The article So, the Wheels Came Off Preformed Line Products's Bus originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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