Preformed Line Products Beats on the Top Line
Preformed Line Products (NAS: PLPC) reported earnings on March 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Preformed Line Products missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins increased across the board.
Preformed Line Products reported revenue of $106.1 million. The one analyst polled by S&P Capital IQ anticipated revenue of $109.0 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $93.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.67. The one earnings estimate compiled by S&P Capital IQ predicted $1.45 per share. GAAP EPS of $1.67 for Q4 were 48% higher than the prior-year quarter's $1.13 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.2%, 30 basis points better than the prior-year quarter. Operating margin was 11.3%, 200 basis points better than the prior-year quarter. Net margin was 8.4%, 200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $110.6 million. On the bottom line, the average EPS estimate is $1.45.
Next year's average estimate for revenue is $449.7 million. The average EPS estimate is $5.89.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 287 members out of 292 rating the stock outperform, and five members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Preformed Line Products a green thumbs-up, and one gives it a red thumbs-down.
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At the time this article was published 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. 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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