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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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/preformed-line-products-announces-first-quarter-2026-financial-results-302757896.html

SOURCE Preformed Line Products Company

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Holderness & Bourne Tees Up eCommerce Growth with Barrett Distribution Centers

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FRANKLIN, Mass., June 19, 2026 /PRNewswire/ — Barrett Distribution Centers, a leading third-party logistics provider specializing in eCommerce fulfillment, announced a new partnership with Holderness & Bourne, a premium lifestyle brand known for its sophisticated men’s golf apparel and commitment to quality craftsmanship.

“Having worked with Barrett previously, I knew they had the experience, flexibility and operational expertise we needed as our business continued to grow,” said Sean Eaton, director of operations at Holderness & Bourne. “Their team’s responsiveness, strategic location and ability to quickly scale a solution made them the right partner to support our inventory and fulfillment requirements. We’re excited to continue building on that relationship as our business evolves.”

Barrett’s extensive experience supporting apparel and accessory brands, combined with its ability to provide scalable warehouse space, technology solutions and managed transportation services, positioned the company to support Holderness & Bourne’s expedited onboarding and future growth initiatives.

“Barrett is thrilled to step onto the fairway with Holderness & Bourne, a fast-growing premium golf apparel brand with a recognizable name and a loyal following among golfers who know quality when they see it,” said Mark Healy, vice president of customer solutions at Barrett. “Holderness & Bourne’s commitment to quality and customer satisfaction aligns perfectly with our focus on delivering dependable, flexible and scalable fulfillment solutions. We look forward to supporting their continued growth and serving as a trusted partner for years to come.”

Holderness & Bourne is now live at Barrett’s Hillsborough, N.J., fulfillment facility, where Barrett provides inventory staging and replenishment services in support of the brand’s New York operations. Located near Holderness & Bourne’s headquarters, the facility offers the space, technology and transportation resources needed to support the brand’s continued growth.

About Holderness & Bourne

Holderness & Bourne is a premium lifestyle brand focused on men’s golf apparel. It was founded around 2015 by Alex Holderness and John Bourne and centers on classic, refined golf-inspired style with modern fit and performance. Discover sophisticated, modern golf apparel crafted with premium fabrics designed for performance and comfort on the course and off. If you’re seeking golf apparel brands that prioritize craftsmanship and timeless design, our commitment to quality and fit speaks for itself.  

About Barrett Distribution Centers

Since 1941, Barrett has provided customized third-party logistics (3PL), direct-to-consumer (DTC) eCommerce fulfillment, omnichannel distribution, managed transportation solutions and retail compliance for clients across all industries, with a focus on apparel & footwear, health & beauty, consumer packaged goods (CPG) and education. Barrett continues to be a leading 3PL provider in North America, known for superior execution, customer engagement and direct access to senior leadership decision-makers. As a member of Inc.’s fastest-growing companies list 15+ times, Barrett is big enough to do the job and still small enough to deeply care about your business. Brands interested in a new 3PL partnership may contact Barrett directly here.

Media Contact:

Faith Artieda
Marketing Content Specialist
Faith.artieda@barrettdistribution.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/holderness–bourne-tees-up-ecommerce-growth-with-barrett-distribution-centers-302805461.html

SOURCE Barrett Distribution Centers Inc.

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Trial Attorney Clint Zalas of South Bend Explains Why Cases Often Take Longer Than Expected for HelloNation

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SOUTH BEND, Ind., June 19, 2026 /PRNewswire/ — Why do personal injury cases take longer than many people expect? A HelloNation article answers this question with insights from Personal Injury Attorney Clint Zalas of Lee & Zalas, P.C. in South Bend. The article explains that while delays can feel frustrating, the personal injury case timeline often protects injured individuals by ensuring accuracy and fairness in the settlement process.

The first factor the article discusses is investigation. A strong case requires photographs, medical records, witness statements, and sometimes expert evaluations. Collecting and reviewing this accident recovery evidence takes time, but it strengthens the foundation of the claim. If attorneys or claimants rush through this stage, they risk weakening the case and limiting the eventual injury settlement.

Medical treatment delays also extend the personal injury case timeline. According to the HelloNation article, the true scope of injuries often reveals itself over weeks or months. Recovery may require physical therapy, surgery, or long-term care. Settling before treatment concludes can prevent injured parties from recovering fair compensation for future expenses. Once finalized, an injury settlement cannot be reopened to account for additional medical costs or lost wages.

Insurance company negotiations create another layer of complexity. Adjusters carefully review claims, request documentation, and sometimes demand independent medical evaluations. Each exchange between the injured party and the insurer adds time. However, as the article explains, these negotiations help ensure that the settlement reflects the full cost of accident recovery rather than a rushed or incomplete figure.

The HelloNation feature warns against quick settlements. While they may feel satisfying at first, they often fail to cover long-term needs. For example, an injury that initially appears temporary may become chronic. Lost wages may continue if the person cannot return to work. By waiting, injured individuals make sure these realities factor into their personal injury litigation or settlement discussions.

Court schedules can also extend the process. If a case enters litigation, hearings, depositions, and trial dates must align with the court’s availability. This stage can be time-consuming, but it applies pressure on insurance companies to negotiate fairly. Many cases settle before trial, yet the possibility of litigation serves as an important safeguard in achieving full compensation.

The article highlights how expectations often differ from reality. Many people assume they will receive a check within weeks of filing a claim. In truth, personal injury law prioritizes fair compensation over speed. A thorough personal injury case timeline ensures that accident recovery costs, medical treatment delays, and future expenses are considered.

The HelloNation article also explains that rushing to accept an early offer can leave individuals paying for expenses they never anticipated. Quick settlements often fail to account for ongoing therapy, future surgeries, or extended time away from work. Building a complete case with medical documentation and evidence, though time-consuming, gives claimants the strongest chance of receiving a fair settlement.

Patience plays a key role throughout the process. The article states that waiting allows the injured person, their attorney, and the insurance company to see the full impact of the accident. While the delays can feel difficult, they ultimately protect the injured party from being pressured into unfair agreements. In personal injury litigation, accuracy ensures justice, even if it requires more time.

The article concludes that while a long personal injury case timeline can surprise claimants, it serves an important purpose. By gathering strong evidence, completing medical treatment, and negotiating thoroughly with the insurance company, injured people give themselves the best chance at full and fair compensation. A slower process often delivers a more secure outcome.

The full article, titled Why Personal Injury Cases Often Take Longer Than Expected, features the expertise of Personal Injury Expert Clint Zalas of Lee & Zalas, P.C. in South Bend and appears on HelloNation.

About HelloNation

HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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Surfshark enhances its proprietary Dausos protocol to boost connectivity

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VILNIUS, Lithuania, June 19, 2026 /PRNewswire/ — Surfshark, a leading privacy protection company, has released a major upgrade to its proprietary VPN protocol, Dausos. This latest update drastically improves accessibility, connectivity rates, and network compatibility for users worldwide.

The primary focus of this update is to address the barriers on highly managed networks. Previously, users might have experienced difficulties connecting to Dausos on strict institutional firewalls — such as those found in schools, universities, and corporate environments. With this release, Surfshark has successfully implemented specialized network fixes, ensuring that Dausos has a better connectivity rate for users connecting in these environments.

“We want as many people as possible to experience the power of Dausos, which is why continuous improvement is our priority,” says Karolis Kaciulis, Leading System Engineer at Surfshark. “Responding directly to user feedback, this update fixes the connectivity issues some experienced in certain network environments.”

Surfshark Dausos: key benefits of the new protocol

Surfshark’s proprietary Dausos protocol revolutionizes the consumer VPN industry by delivering up to 30% faster speeds than current industry standards while future-proofing user privacy for the quantum era.

Unlike traditional VPNs that consolidate traffic through a single interface, Dausos is an audited architecture that automatically isolates user data into its own dedicated, private digital tunnel, eliminating packet interference and optimizing performance based on real-time network conditions.

On the security front, Dausos establishes full post-quantum security by utilizing a hybrid ML-KEM*X25519 key exchange and an advanced ML-DSA self-signed root certificate system to protect against future quantum computing threats. Furthermore, the protocol goes beyond standard security measures by integrating post-compromise security (ensuring compromised keys cannot leak future session data), port randomization to obscure connection paths, and high-speed AEGIS-256X2 cryptographic encryption for robust data integrity.

ABOUT SURFSHARK

Surfshark is a cybersecurity company offering products including an audited VPN, certified antivirus, data leak warning system, private search engine, and a tool for generating an online identity. Recognized as a leading VPN by CNET and TechRadar, Surfshark has also been featured on the FT1000: Europe’s Fastest Growing Companies ranking. Headquartered in the Netherlands, Surfshark has offices in Lithuania and Poland. For information on Surfshark’s operations and highlights, read our Annual Wrap-up. For more research projects, visit our research hub.

View original content to download multimedia:https://www.prnewswire.com/news-releases/surfshark-enhances-its-proprietary-dausos-protocol-to-boost-connectivity-302805246.html

SOURCE Surfshark B.V.

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