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Preformed Line Products Announces Financial Results For The Quarter Ended March 31, 2021

Preformed Line Products Announces Financial Results For The Quarter Ended March 31, 2021
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Preformed Line Products Announces Results For The Fourth Quarter And Full Year 2020

Preformed Line Products Announces Results For The Fourth Quarter And Full Year 2020
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MAYFIELD VILLAGE, Ohio, March 5, 2021 /PRNewswire/
Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for the fourth quarter and the full year 2020.
Net sales in the fourth quarter of 2020 were $118.5 million compared to $113.6 million in the fourth quarter of 2019. Net sales for 2020 were $466.4 million compared to $444.9 million in 2019. This represents an 4% increase for the fourth quarter and a 5% increase for the year.
Net income for the quarter ended December 31, 2020 was $2.7 million, or $0.53 per diluted share, compared to $5.6 million, or $1.09 per diluted share, for the comparable period in 2019. Net income for the year ended December 31, 2020 was $29.8 million, or $5.98 per diluted share, compared to $23.3 million, or $4.58 per diluted share in 2019. ....

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