Preformed Line Products Beats on Both Top and Bottom Lines
Preformed Line Products (NAS: PLPC) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Preformed Line Products beat slightly on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Gross margins shrank, operating margins were steady, net margins grew.
Preformed Line Products logged revenue of $108.8 million. The one analyst polled by S&P Capital IQ anticipated revenue of $107.0 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $95.1 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 $1.50. The one earnings estimate compiled by S&P Capital IQ predicted $1.37 per share. GAAP EPS of $1.50 for Q1 were 15% higher than the prior-year quarter's $1.30 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 33.1%, 140 basis points worse than the prior-year quarter. Operating margin was 11.1%, about the same as the prior-year quarter. Net margin was 7.5%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $107.6 million. On the bottom line, the average EPS estimate is $1.44.
Next year's average estimate for revenue is $432.3 million. The average EPS estimate is $5.62.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 279 members out of 284 rating the stock outperform, and five members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Preformed Line Products a green thumbs-up, and one give 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. He is the 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 don't 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.