Preformed Line Products Co

plp.com

What Do They Do?

Sells energy-network hardware, communications cable products, and solar and electric-vehicle infrastructure to utilities, communications companies, and contractors.

How Do They Make Money?

PLP-USA products are sold to customers around shipment, delivery or pickup; payment terms are generally short-term.

revenue

Segment	Share	How money arrives
PLP-USA Sold outright	47% FY2022: 58%	Sold outright
The Americas Sold outright	16% FY2022: 13%	Sold outright
EMEA Sold outright	20% FY2022: 15%	Sold outright
Asia-Pacific Sold outright	17% FY2022: 14%	Sold outright

Who Are Their Customers?

Energy utilities, communications companies and cable operators buy PLP products. PLP sells through its direct sales force and manufacturers’ representatives; key accounts buy directly, and distributors also buy and resell products.

Do Revenues Turn Into Profits?

Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 5 cents into free cash flow.

Operating income, FY2025

8% of revenue

▲ +9% vs FY2024 ($50.8M, 9%)

Net income, FY2025

5% of revenue

▼ −5% vs FY2024 ($37.1M, 6%)

Free cash flow, FY2025

5% of revenue

▼ −37% vs FY2024 ($52.8M, 9%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +25%; vs $169.6M in Q2 FY2025
Net income: ▲ +69%; vs $12.7M in Q2 FY2025

PLP-USA share of revenue vs 46.8% in Q2 FY2025

Growing. Revenue grew 29% in 4 years, from $517.4M in FY2021 to $669.3M in FY2025, about 7% a year.

Revenue over time

PLP-USA The Americas EMEA Asia-Pacific

$1B$500M$0

FY2022 FY2023 FY2024 FY2025

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