Preformed Line Products Q2 revenue jumps 25% to record high on energy demand

Overview

• US energy and communications hardware maker's Q2 revenue rose 25% yr/yr to record high

• Diluted EPS for Q2 jumped 75% yr/yr to $4.49, also a record

• Growth driven by robust energy market demand, improved margins, and recent Delta Star acquisition

Outlook

• Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

• ENERGY MARKET DEMAND - Co said strong demand in energy markets, especially in the U.S., drove sales growth

• DELTA STAR ACQUISITION - Americas segment benefited from acquisition of Delta Star in Brazil in May 2026

• MARGIN IMPROVEMENT - Gross margin rose due to pricing strategies, supply chain discipline, and operational efficiency

Company press release: ID:nPn1kJBRBa

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• The average consensus recommendation for the electrical components equipment peer group is "buy."

• Wall Street's median 12-month price target for Preformed Line Products Co is $372.00, about 25.2% above its July 28 closing price of $297.11

• The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads

• July 28 - Hubbell Q2 results beat estimates; raises annual profit forecast

• July 29 - Nexans lifts 2026 core profit goal on strong electrification business, MA boost

• July 28 - Crane Company Q2 sales rise 26%, beat estimates; outlook raised

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)