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PREFORMED LINE PRODUCTS ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS

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CLEVELAND, April 29, 2026 /PRNewswire/ — Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its first quarter of 2026.

Q1 2026 highlights:

Quarterly net sales of $176.3 million, an increase of 19% from Q1 2025.USA sales growth of 26% from Q1 2025, driven by robust demand in energy and communications markets.Gross profit margin of 31.3%, up 150 basis points from Q4 2025.Diluted EPS of $2.14 per share, up 24% from Q4 2025.

Net sales in the first quarter of 2026 were $176.3 million compared to $148.5 million in the first quarter of 2025, a 19% increase. All segments recorded sales growth compared to the first quarter of 2025, with the PLP-USA business growing by 26%, primarily due to higher demand for energy and communications products. Foreign currency translation had a favorable impact of $7.2 million on the first quarter of 2026 net sales.

Net income for the quarter ended March 31, 2026, was $10.5 million, or $2.14 per diluted share, compared to $11.5 million, or $2.33 per diluted share, for the comparable period in 2025. While gross profit was up approximately $6.5 million from Q1 2025, period expenses were impacted by increased personnel costs supporting strategic market growth in core product offerings in both energy and communications, primarily for sales, sales support and engineering resources. Net income for the first quarter of 2026 was affected by an income tax charge of $1.3 million related to PLP’s French subsidiary. Foreign currency translation had a favorable impact of $0.1 million on the first quarter of 2026 net income. Compared against Q4 2025, which contained many of the same tariff headwinds that impacted Q1 2025, gross profit margins, net income, and diluted EPS all increased.

“As we reflect on the first quarter of 2026, I am proud of the Company’s continued resilience in a challenging and dynamic global environment,” said Rob Ruhlman, Executive Chairman. “Our team achieved exceptional sales growth this quarter, propelled by outstanding results from our U.S. manufacturing operations and our ability to meet rising demand. We faced margin pressure from higher manufacturing and ongoing tariff-related costs, as well as volatility in commodity prices. However, our impressive 150 basis point increase in gross profit percentage from Q4 2025 shows that we are actively managing these challenges through supply chain optimization, pricing strategies, and investment in efficiency and innovation. Our healthy balance sheet and strong liquidity provide flexibility to pursue strategic acquisitions, while also investing in facility modernization and returning capital to our valued shareholders. While the ongoing tariff and geopolitical uncertainties present challenges, I believe our team is well prepared to adapt. Our focus is unchanged: provide our customers with the high-quality products and superior customer service they have come to expect from PLP.”

A presentation on first quarter results will also be available on PLP’s website at www.plp.com/investor-relations

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the Company, including those statements regarding the Company’s and management’s beliefs and expectations concerning the Company’s future performance or anticipated financial results, among others. Except for historical information, the matters discussed in this release are forward-looking statements that involve risks and uncertainties which may cause results to differ materially from those set forth in those statements. Among other things, factors that could cause actual results to differ materially from those expressed in such forward-looking statements include the uncertainty in global business conditions and the economy due to factors such as inflation, rising interest rates, tariffs, labor disruptions, military conflict, international hostilities, political instability, exchange rates, natural disasters and health epidemics, the strength of demand and availability of funding for the Company’s products (including in light of price increases) and the mix of products sold, the relative degree of competitive and customer price pressure on the Company’s products, the cost, availability and quality of raw materials required for the manufacture of products and customer demand, opportunities for business growth through acquisitions and the ability to successfully integrate any acquired businesses, changes in regulations and tax rates, security breaches, litigation and claims and the Company’s ability to continue to develop proprietary technology and maintain high-quality products and customer service to meet or exceed new industry performance standards and individual customer expectations, and other factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the Company’s 2025 Annual Report on Form 10-K filed with the SEC on March 5, 2026 and subsequent filings with the SEC. The Annual Report on Form 10-K and the Company’s other filings with the SEC can be found on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

ABOUT PLP

PLP protects the world’s most critical connections by creating stronger and more reliable networks. The company’s precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

 

PREFORMED LINE PRODUCTS COMPANY (PLPC)

CONSOLIDATED BALANCE SHEET

 

March 31, 2026

December 31, 2025

(Thousands of dollars, except share and per share data)

(Unaudited)

ASSETS

Cash, cash equivalents and restricted cash

$                69,452

$                83,389

Accounts receivable, net

130,840

113,175

Inventories, net

151,810

148,730

Prepaid expenses

12,998

12,961

Other current assets

6,287

5,206

TOTAL CURRENT ASSETS

371,387

363,461

Property, plant and equipment, net

225,279

222,781

Goodwill

30,351

30,684

Other intangible assets, net

9,837

10,140

Deferred income taxes

6,794

7,481

Other assets

18,181

19,074

TOTAL ASSETS

$               661,829

$               653,621

LIABILITIES AND SHAREHOLDERS’ EQUITY

Trade accounts payable

$                56,766

$                49,520

Notes payable to banks

1,318

1,213

Current portion of long-term debt

5,891

5,392

Accrued compensation and other benefits

24,084

29,207

Accrued expenses and other liabilities

35,532

29,378

TOTAL CURRENT LIABILITIES

123,591

114,710

Long-term debt, less current portion

34,737

32,860

Other noncurrent liabilities and deferred income taxes

29,919

30,500

SHAREHOLDERS’ EQUITY

Common shares $2 par value per share, 15,000,000 shares authorized, 4,888,012 and 4,907,787 issued and outstanding, at March 31, 2026 and December 31, 2025

13,890

13,860

Common shares issued to rabbi trust, 222,506 and 222,506 shares at March 31, 2026 and December 31, 2025, respectively

(9,586)

(9,586)

Deferred compensation liability

9,586

9,586

Paid-in capital

66,047

67,217

Retained earnings

593,869

584,360

Treasury shares, at cost, 2,056,379 and 2,021,940 shares at March 31, 2026 and December 31, 2025, respectively

(145,492)

(136,554)

Accumulated other comprehensive loss

(54,790)

(53,365)

TOTAL PLPC SHAREHOLDERS’ EQUITY

473,524

475,518

Noncontrolling interest

58

33

TOTAL SHAREHOLDERS’ EQUITY

473,582

475,551

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$               661,829

$               653,621

 

PREFORMED LINE PRODUCTS COMPANY

STATEMENTS OF CONSOLIDATED INCOME

 

Three Months Ended March 31,

2026

2025

(Thousands, except per share data)

(Unaudited)

Net sales

$               176,278

$               148,541

Cost of products sold

121,058

99,870

GROSS PROFIT

55,220

48,671

Costs and expenses

Selling

13,769

12,181

General and administrative

21,053

17,626

Research and engineering

6,736

5,479

Other operating (income) expense, net

(54)

255

41,504

35,541

OPERATING INCOME

13,716

13,130

Other income (expense)

Interest income

777

510

Interest expense

(232)

(376)

Other income, net

69

407

614

541

INCOME BEFORE INCOME TAXES

14,330

13,671

Income tax expense

3,781

2,118

NET INCOME

$                10,549

$                11,553

Net loss (income) attributable to noncontrolling interests

(25)

(36)

NET INCOME ATTRIBUTABLE TO PLPC SHAREHOLDERS

$                10,524

$                11,517

AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING:

Basic

4,906

4,928

Diluted

4,927

4,950

EARNINGS PER SHARE OF COMMON STOCK ATTRIBUTABLE TO PLPC SHAREHOLDERS:

Basic

$                   2.15

$                   2.34

Diluted

$                   2.14

$                   2.33

Cash dividends declared per share

$                   0.21

$                   0.20

 

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SOURCE Preformed Line Products Company

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MINISFORUM Unveils Next-Gen Edge AI Computing Solutions Powered by AMD Ryzen AI MAX+ PRO 495 at IFA 2026

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BERLIN, Sept. 4, 2026 /PRNewswire/ — MINISFORUM, a Global Edge Computing Solution Brand & System Integrator, today unveiled two new local AI computing solutions powered by the AMD Ryzen™ AI MAX+ PRO 495 processor: the AI Mini Workstation MS-S1 MAX-P495 and the AI Agent NAS N5 MAX-P495. The new solutions mark MINISFORUM’s continued commitment to democratizing AI computing by bringing powerful local AI capabilities to a broader range of users and real-world applications. With up to 131 TOPS of AI compute performance, 192GB of memory at 8533 MT/s, and up to 160GB of graphics memory, the two solutions support larger models, more complex AI workloads, and next-generation edge AI applications.

Lineup Highlights:

1. AI Agent NAS N5 MAX-P495

AI data infrastructure, storage + compute, and persistent AI. Engineered for local data management and AI processing, the N5 MAX-P495 offers massive bandwidth and high-density compute:

AI Computing Meets Massive Local Storage
N5 MAX-P495 combines powerful AI computing with up to 200TB of local storage, enabling users to store, manage, and process large volumes of data within a single AI platform.Built for Persistent AI Workloads
From RAG knowledge bases and AI models to embeddings, databases, and AI agents such as OpenClaw and Hermes, N5 MAX-P495 keeps data and AI workloads local, enabling continuous and private AI operations.The AI Backend for Local AI Infrastructure
Designed to work alongside AI computing devices, N5 MAX-P495 serves as a centralized backend for data, models, knowledge, and long-running AI workloads—bringing storage and computing together at the edge.

2. AI Mini Workstation MS-S1 MAX-P495

High-performance AI compute, real-time AI inference, and edge AI computing solutions. Built for intensive local AI tasks, engineering, and workflows in an ultra-compact footprint:

High-Performance Local AI Computing
MS-S1 MAX-P495 delivers powerful local AI computing for demanding model inference, AI development, and computationally intensive workloads.Built for Real-Time AI Applications
Designed for low-latency AI workloads, MS-S1 MAX-P495 enables responsive local inference for AI agents, computer vision, generative AI, and other real-time applications.A Scalable AI Compute Frontend
With extensive connectivity and expansion capabilities, MS-S1 MAX-P495 serves as a powerful AI compute frontend, supporting models, applications, and connected devices across flexible edge AI environments.

The MS-S1 MAX-P495 and N5 MAX-P495 form a complete edge AI computing system—delivering high-performance AI compute at the frontend while integrating compute, massive storage, data, and AI knowledge at the backend. This integrated architecture provides a powerful foundation for real-time inference, persistent AI workloads, and scalable local AI applications.

Experience MINISFORUM at IFA 2026

IFA Berlin attendees are invited to visit MINISFORUM in Hall 6.2-104 from September 4–8 to experience the new solutions alongside a full lineup of edge AI, gaming, and storage solutions.

MS-S1 MAX-P495 store Link:

UShttps://s.minisforum.com/4ctXxJo
EUhttps://s.minisforum.com/4xAaycC
UKhttps://s.minisforum.com/4yjei2k
FRhttps://s.minisforum.com/4qP7Ihq   

About MINISFORUM

Founded in 2018, MINISFORUM is a Global Edge Computing Solution Brand & System Integrator building edge computing devices for the private AI era. Its product portfolio includes AI Agent NAS, AI Mini Workstations, AI Mini PCs and AtomMan Mini Gaming PCs, serving more than 4 million users across 100+ countries. With a supporting global distribution network adhering to its core philosophy, MINISFORUM keeps technological progress in step with life, advocates computing power equity, and extends computing power to families and business.

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TECNO Showcased New MEGABOOK Laptops and New Phones at IFA ShowStoppers 2026

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BERLIN, Sept. 4, 2026 /PRNewswire/ — TECNO, the AI-driven innovative technology brand, today launched the MEGABOOK T15 360 Series at IFA ShowStoppers 2026, marking the debut of its first laptop series with a 360° hinge and touchscreen support.

TECNO IFA ShowStoppers 2026 showcase also featured the 17-inch MEGABOOK T17 Ultra, TECNO’s first Intel Wildcat Lake-based laptop MEGABOOK K15S WCL, the Next-Gen Bezelless Concept Phone, the upcoming TECNO POVA 8 Pro 5G Tonino Lamborghini Limited Edition, and the TECNO CAMON Slim 5G.

MEGABOOK T15 360 Series: TECNO’s First 360° Hinge Touchscreen Laptop

The MEGABOOK T15 360 Series, comprising the MEGABOOK T15 360 and MEGABOOK T15 360 Pro, is designed around the increasingly fluid ways people work, study, create and enjoy content and dual demand for both tablet and laptop. The series delivers the flexibility to navigate diverse daily scenarios with a single device. It brings premium versatility and on-the-go convenience of convertible, touch enabled laptops for mobile executives, solopreneurs and business presenters.

Free from the fixed form of a conventional laptop, the MEGABOOK T15 360 Series features a screen that rotates smoothly through a full 360 degrees, allowing the device to adapt to different tasks and remain practical even in space-constrained settings. Laptop mode provides a familiar setup for focused productivity, while Tablet mode supports note taking, intuitive touch interaction and creative drawing. The device can also be positioned in Tent mode for convenient content viewing with limited surface space, or set in Stand mode for sharing ideas and presenting content.

With an all-metal body crafted using precision CNC machining, the device combines flexibility with a refined, durable design suited to use at a desk, in a meeting or on the move.

On the display front, both models come with a 15.6-inch 16:9 touchscreen with responsive 10-point multi-touch control. Optional support for an MPP 2.0 active pen adds greater precision to handwriting, annotation and other creative tasks.

Display configurations further distinguish the two models. On the MEGABOOK T15 360, a Full HD display offers a 60Hz refresh rate and 320 nits of typical brightness. Stepping up the visual experience, the MEGABOOK T15 360 Pro features a 2.5K 120Hz display with 2560 × 1440 resolution, 100% sRGB color gamut and 350 nits of typical brightness, delivering finer detail and broader color coverage.

The experience is further elevated with capable performance, flexible storage and lasting battery support. Across the series, configurations are available with up to an Intel Core Ultra 9 185H processor, providing the performance needed for multitasking and demanding productivity workloads. Both models use LPDDR5X memory running at up to 7467MHz, together with PCIe M.2 2280 SSD storage. A second M.2 SSD slot is available on selected configurations, providing additional room for storage expansion. For mobile use, a 70Wh battery is paired with a compact 65W PD GaN charger, supporting longer periods of use.

Beyond power, the series also delivers flexibility in connectivity. Support for up to Wi-Fi 6E and Bluetooth 5.4 is complemented by seven built in ports for external displays, storage and common peripherals. TECNO OneLeap extends that experience to smartphones, tablets and PCs for cross device collaboration.

Practical details further enhance everyday use, including a backlit keyboard with an independent numeric keypad and a fingerprint integrated power button for one touch login. Dual speakers with DTS:X Ultra support, a webcam and dual digital microphones provide a more complete setup for meetings, communication and entertainment.

The MEGABOOK T15 360 Series is set to arrive in Europe in Q4 2026, with the standard model priced between €899 and €999 depending on configuration, and the Pro model priced at €1,099. With competitive pricing, the MEGABOOK T15 360 Series aims to make convertible, touch enabled laptops accessible to a wider audience. For users who need a flexible form factor, intuitive interaction, capable performance and an expansive display all in a single device to cover diverse daily scenarios, the series delivers the latest technology at a price that broadens access.

Two additional MEGABOOK models extend the lineup for users with different priorities. For early career professionals and students, the MEGABOOK K15S WCL pairs the cost-effective Intel Wildcat Lake platform with a spacious 16:10 display, durable all metal design, 70Wh battery and 65W GaN fast charging, delivering reliable performance, ample screen space and sustained power for everyday work and study. This combination makes it a well-rounded choice for value conscious users. For performance focused users who also prioritize entertainment and shared home use, the versatile 17.3 inch MEGABOOK T17 Ultra offers up to an Intel Core Ultra 9 processor and LPDDR5X memory for demanding productivity, moderate gaming and creative editing. Its expansive 16:9 display delivers a more immersive viewing experience, while the 99.99Wh battery and 100W GaN PD fast charging support extended work, gaming and entertainment sessions.

Next-Gen Bezelless Concept Phone and Two New Smartphones Coming in September

TECNO Next-Gen Bezelless Concept Phone made its public debut at IFA ShowStoppers 2026. It completely removes the physical black edges of the screen by reworking the display architecture through new internal stacking, structural engineering and screen-packaging techniques. The true 0mm display border offers a cleaner, completely uninterrupted viewing experience.

Moving from future-facing concepts to upcoming products, the showcase also featured two smartphones shaped around distinct priorities: the performance-focused POVA 8 Pro 5G Tonino Lamborghini Limited Edition with iconic design language, and the ultra-slim CAMON Slim 5G with pro-level imaging and artful colorways.

The TECNO POVA 8 Pro 5G Tonino Lamborghini Limited Edition features iconic Tonino Lamborghini design language while upholding the POVA series’ signature all around performance across computing, imaging and AI. Its performance is driven by a dual chipset architecture comprising the MediaTek Dimensity 7400 Ultimate 5G platform and TECNO developed P1 Graphic Chip, supported by a 5K IceShield Vapor Chamber Cooling System. Full product details will be announced on September 4.

The TECNO CAMON Slim 5G brings CAMON’s imaging capabilities to a slim 6.39mm body. It combines artful design language, a pro level imaging system and practical AI features, all wrapped in one-of-a-kind artistic colorways. Each CAMON Slim 5G is not just a phone, but a work of art held in the hand. Full product details will be announced on September 7.

From the debut of TECNO MEGABOOK laptops to the upcoming smartphones, the lineup underscores TECNO’s push into new form factors and design innovation. It reflects the continued portfolio expansion of TECNO to deliver adaptable, intuitive experiences built for how people live, work and create.

About TECNO

As a global innovative technology brand with operations in over 70 markets, TECNO has been committed to revolutionizing the digital experience in global emerging markets, relentlessly pushing for the perfect integration of contemporary, aesthetic design with the latest technologies and AI. TECNO offers a wide range of smartphones, smart wearables, laptops and tablets, smart gaming, HiOS operating systems and smart home products. Guided by its brand essence of “Stop At Nothing”, TECNO is committed to unlocking the newest technologies and AI-powered new experiences for forward-looking individuals, inspiring them to never stop pursuing their best selves and their best futures. For more information, please visit TECNO’s official site: www.tecno-mobile.com.

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Sharing opportunities — A New Landscape of Asia-Pacific Development

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BEIJING, Sept. 3, 2026 /PRNewswire/ — A news report from China.org.cn on Asia-Pacific community:

Combining a bionic eagle-claw gripper with a drone for disaster relief — that is the project Nathapol’s team from Thailand took to the finals of the Lancang-Mekong Countries Science and Technology Innovation Competition.

They spent a year refining and testing it, again and again. Although his team did not ultimately win, when they sat down with other young people from the Lancang-Mekong countries for in-depth exchanges, Nathapol also got a close-up look at innovative projects from other countries, ranging from biomedicine and modern agriculture to information technology. These young people’s ideas, nurtured by events like this, gradually grow into opportunities that could benefit people across the region.

Changes brought by technological progress are playing out in the everyday rhythm of the production line in the smart factory in Thailand. Through cooperation between Chinese and Thai companies, the factory is equipped with full 5G coverage; procedures that once required repeated manual inspection can now be handled by AI-powered visual inspection; and high temperature or the highly repetitive operations can be completed by robotic arms remotely controlled from a mobile phone. Here, technology isn’t simply replacing people on the production line — it has reduced danger and repetitive work.

At Chancay Port in Peru, a member of APEC, such opportunities are reaching even further. A cargo ship sailing out of Chancay Port, loaded with local fresh fruit such as blueberries and avocados, can now reach Shanghai in just 23 days, about 10 days faster than before. For the farmers and exporters, a new port, a new route and shorter shipping times can translate into a larger market, bigger profits, and tangible improvements in their lives.

Inside the port, the changes are equally concrete. Automated quay cranes and yard cranes, self-driving container trucks, and digital twin technology have made Chancay Port’s operations smarter. A new generation of young Peruvians who work at the port, in turn, are learning and honing skills for the “behind the screen era.”

Similar changes are taking place in other countries in the Asia-Pacific.

In Naoero, at nine o’clock in the morning, workers harvest fresh lettuce in a container-based “vegetable factory” built with China’s assistance; an hour and 20 minutes later, a local housewife drops a bag of the produce into her shopping cart. In Naoero, where fresh vegetables have long relied on air-freighted imports, China’s soilless cultivation technology has ultimately taken shape as bags of freshly picked vegetables on kitchen tables, at more affordable prices.

From a young innovator and his project to a smart factory, a port and a shipping route, and to the application of technologies and their coexistence with people, such stories offer a glimpse into the ever-closer ties among Asia-Pacific countries.

In recent years, China has continued to widen market access, advance the development of pilot free trade zones, and further facilitate trade and investment through regional frameworks such as RCEP and the China-ASEAN Free Trade Area 3.0. Platforms such as the China International Import Expo, the China International Supply Chain Expo and the China International Consumer Products Expo have likewise opened up more opportunities for global business owners to bring their products to China and connect with potential partners.

China is hosting APEC 2026 under the theme “Building an Asia-Pacific Community to Prosper Together,” with “openness,” “innovation,” and “cooperation” identified as the priorities. Ever-extending connections forged deeper links between markets and people’s lives, enabling more development opportunities to thrive and be shared in this Asia-Pacific community.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm
Sharing opportunities — A New Landscape of Asia-Pacific Development
http://www.china.org.cn/video/2026-09/04/content_118679249.shtml

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