Preformed Line Products
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Preformed Line Products missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins increased across the board.
Preformed Line Products reported revenue of $106.1 million. The one analyst polled by S&P Capital IQ anticipated revenue of $109.0 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $93.3 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 $1.67. The one earnings estimate compiled by S&P Capital IQ predicted $1.45 per share. GAAP EPS of $1.67 for Q4 were 48% higher than the prior-year quarter's $1.13 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 32.2%, 30 basis points better than the prior-year quarter. Operating margin was 11.3%, 200 basis points better than the prior-year quarter. Net margin was 8.4%, 200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $110.6 million. On the bottom line, the average EPS estimate is $1.45.
Next year's average estimate for revenue is $449.7 million. The average EPS estimate is $5.89.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 287 members out of 292 rating the stock outperform, and five members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Preformed Line Products a green thumbs-up, and one gives it a red thumbs-down.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley 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 may not 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.