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PP PREFORMED LINE PRODUCTS Ⓡ For immediate release April 29 , 2021 Andrew S. Klaus Preformed Line Products ( 440 ) 473-9246 PREFORMED LINE PRODUCTS ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31 , 2021 Mayfield Village , Ohio , April 29 , 2021 Preformed Line Products Company ( NASDAQ : PLPC ) today reported financial results for its first quarter ended March 31 , 2021 . Net sales for the first quarter of 2021 were $ 117.6 million , an increase of 14 % , compared to $ 102.9 million in the first quarter of 2020. Currency translation rates had a favorable impact on 2021 first quarter net sales of $ 1.8 million , or 2 % . The Company posted net income for the first quarter of 2021 of $ 7.2 million , or $ 1.45 per diluted share , compared to $ 3.7 million , or $ .74 per diluted share , in the first quarter of 2020. Currency translation rates had a favorable effect on net income of less than $ .1 million . Rob Ruhlman , Chairman and Chief Executive Officer , said , “ We are very pleased with our net sales growth and earnings generation for Q1 2021. All regions reported an increase in net sales versus Q1 2020 as well as improvement in profitability . PLP USA continues to lead the increase driven by growth in the communications product family as well as the significance of our U.S. based manufacturing and distribution facilities . Additional investments will be made within our PLP USA operations to support this growth both today and into the future . Our international operations continue to expand their capabilities and product offerings , resulting in year over year improvement in both net sales and earnings . Our geographic diversification has helped de - risk our business model during these challenging economic times . While we have seen reductions in revenue in certain operations that rely more heavily on government sponsored infrastructure projects that have been delayed due to COVID - 19 , our strength in other markets has more than offset the shortfalls to allow for both top line and bottom - line growth . While the extent to which COVID - 19 will impact our future operations is unknown , we will continue to focus on the safety and well - being of our employees , their families , our customers and our valued suppliers while continuing to provide the high- quality products and services our customers expect . " P.O. Box 91129 | Cleveland , Ohio 44101 | 440.461.5200 | www.preformed.com