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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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Blueprint Capital Advisors CEO Jacob Walthour Featured on The New Jersey Business Media Podcast Discusses Access, Capital, and Opportunity for Entrepreneurs

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NEW YORK, June 19, 2026 /PRNewswire/ — Jacob Walthour, founder and CEO of Blueprint Capital Advisors and creator of the Power 100 initiative, appears as a featured guest on The New Jersey Business Media Podcast for a conversation focused on one of the most important — and often misunderstood — drivers of business growth: access.

Walthour’s work spans the intersection of business, capital markets, economic development, policy, and community impact. Through years of advising entrepreneurs, investors, institutions, and underserved communities, he has become a leading voice on how opportunity is created and why access often determines who succeeds.

In this latest podcast episode, Walthour moves beyond headlines and conventional narratives to explore a question that resonates with business owners across industries: Why do some entrepreneurs gain access to capital, relationships, and growth opportunities while others never reach the starting line?

“Most entrepreneurs think access to capital begins when they submit an application or pitch to investors,” said Walthour. “In reality, access starts much earlier, through relationships, visibility, trust, networks, and proximity to opportunity.” Facilitated exposure, he finds, can be the determining factor in whether firms expand their networks, procure new business, and position themselves for continuous growth.

The discussion provides context for the hidden dynamics that shape business outcomes while challenging common assumptions about funding and growth. Walthour shares his insights on:

Why capital flows the way it doesThe role relationships and credibility play in creating opportunityWhat entrepreneurs often misunderstand about accessHow business owners can position themselves to compete regardless of background, industry, or stage of growthThe practical steps entrepreneurs can take to build long-term access and unlock future opportunities

Drawing from experiences across investment management, business development, and economic impact initiatives, Walthour offers a candid perspective on what separates businesses that scale from those that remain overlooked. Oftentimes, the differential is not based on disparities of talent, but rather on which businesses are better versed in the architecture of power.

The episode is designed for entrepreneurs, founders, investors, and business leaders seeking a deeper understanding of how opportunity is created — and how to better position themselves for sustainable growth.

The full episode can be found here and is available on Apple Podcast, Spotify, YouTube, Instagram, TikTok, and LinkedIn.

About Blueprint Capital Advisors
Blueprint Capital Advisors is a strategic advisory and investment firm dedicated to connecting capital with opportunity across venture capital, private markets, and emerging investment platforms.

View original content to download multimedia:https://www.prnewswire.com/news-releases/blueprint-capital-advisors-ceo-jacob-walthour-featured-on-the-new-jersey-business-media-podcast-discusses-access-capital-and-opportunity-for-entrepreneurs-302805440.html

SOURCE Blueprint Capital Advisors

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In HelloNation, Hair Expert Rachel Swartz McCooey Explains Tape-Ins, Hand-Tied Rows, and Tape Rows for Hair Extensions and Fine Hair Care

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The article outlines how each extension method differs in installation, upkeep, and impact on natural hair health.

ROCHESTER, N.Y., June 19, 2026 /PRNewswire/ — What should you consider when choosing between tape-ins, hand-tied rows, and tape rows? That question is answered in a HelloNation article featuring insights from Rachel Swartz McCooey of Tru On Park in Rochester, New York.

The HelloNation article explains that selecting the right hair extensions depends on hair texture, lifestyle, and hair maintenance preferences. Tape-ins, hand-tied rows, and tape rows are all popular options, yet each method differs in installation, wear time, and daily hair care requirements. Understanding these distinctions helps protect fine hair, maintain hair volume, and support long-term hair health.

According to the article, tape-ins are especially suitable for fine hair because they are lightweight and quick to install. Pre-taped wefts are pressed into sections of natural hair, often allowing the service to be completed in under an hour. The article notes that tape-ins typically require maintenance every four to six weeks, depending on growth and placement. Because they do not rely on heavy sewing or tight braiding, they are considered a lower tension option when professionally applied.

The article also highlights that tape-ins appeal to clients seeking flexibility. They can be removed or reused with professional assistance and are often chosen for temporary or seasonal changes. This method allows clients to add hair volume or length while maintaining a manageable hair maintenance routine at home.

Hand-tied rows, sometimes called weft extensions, are sewn onto tracks created within the natural hair. The HelloNation article explains that this method takes longer to install and requires professional removal. It can provide significant length and fullness, but it is generally better suited for clients with enough density to support the added weight without stressing fine hair.

The article describes hand-tied rows as durable and secure, making them a practical choice for long-term wear. They tend to work well for individuals who frequently heat-style their hair or wear it in updos. Proper hair care is essential, including gentle brushing and avoiding heavy products near the sewn areas to reduce tangling and strain.

Tape rows combine elements of both approaches. The HelloNation article explains that strips are sewn into a row and then reinforced with tape or bonding for added stability. This technique is lighter than full hand-tied rows yet more durable than traditional tape-ins. Tape rows can be installed in multiple rows to increase hair volume while balancing comfort and longevity.

Maintenance for tape rows involves periodic repositioning by a stylist. The article notes that this option is often recommended for clients seeking a middle ground between flexibility and extended wear. It provides structure without requiring the same level of long-term commitment as full hand-tied rows.

The HelloNation article emphasizes that lifestyle plays a key role in choosing the right method. Tape-ins may suit busy schedules due to quicker appointments and simpler upkeep. Hand-tied rows may appeal to those who prefer secure extensions that handle frequent styling. Tape rows offer a balanced solution for clients who want durability along with moderate hair maintenance.

Ultimately, the article underscores that protecting natural hair should remain the priority. Professional placement, consistent salon check-ups, and careful at-home hair care reduce tension and prevent damage. By understanding how tape-ins, hand-tied rows, tape rows, hair extensions, fine hair, hair maintenance, hair volume, and hair care all connect, readers can make informed decisions that align with both style goals and hair health.

Tape-Ins, Hand-Tied Rows, or Tape Rows: Choosing the Best Extension features insights from Rachel Swartz McCooey, Hair Expert of Rochester, New York, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-hair-expert-rachel-swartz-mccooey-explains-tape-ins-hand-tied-rows-and-tape-rows-for-hair-extensions-and-fine-hair-care-302805441.html

SOURCE HelloNation

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Media Advisory – Minister Hodgson to make nuclear energy announcement

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NEWMARKET, ON, June 19, 2026 /CNW/ – The Honourable Tim Hodgson, Minister of Energy and Natural Resources, will make a significant announcement about Canada’s nuclear energy direction. Media availability will follow.  

Prior to the Minister’s press conference, Government of Canada officials will host an embargoed media technical briefing.

1)  Media Technical Briefing

Event: Virtual (via Zoom)
Date: Monday, June 22, 2026
Time: 11:00 a.m. ET

2)  Press Conference

Event: Hybrid (in person and virtual)
Date: Monday, June 22, 2026
Time: 12:30 p.m. ET

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. Details on how to participate will be provided upon registration.

Embargo Terms

By participating, media understand and agree to the terms of the embargo. The embargo on the documents and information provided will remain in effect until Minister Hodgson starts delivering his remarks at the press conference on June 22, 2026. Participants will not publicly discuss or release the materials or information in any manner until the embargo is lifted.

The technical briefing will be on background only and on a not-for-attribution basis. Should the terms of the embargo be breached, participants and/or their organizations may not be permitted to participate in future Government of Canada embargoed briefings. 

Accessing Embargoed Documents

Participants should contact Media Relations at the Department of Natural Resources Canada at media@nrcan-rncan.gc.ca to receive briefing materials in advance. By receiving materials in advance, participants agree to keep them under embargo until the embargo is lifted, as per above.

Follow Natural Resources Canada on LinkedIn.

SOURCE Natural Resources Canada

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