Preformed Line Products Company
PLPC Industrials Electrical Equipment & Parts
Preformed Line Products Company’s revenue for fiscal 2025 (year ended December 2025) was $669.3 million, up 12.7% from fiscal 2024. In the quarter to June 2026, revenue grew 25.4%, EPS grew 74.8%, free cash flow fell 1.41% and total debt rose 28.9%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
Follow PLPC
Preformed Line Products Company (PLPC) Altman Z-score
Preformed Line Products Company's Altman Z-score for fiscal 2025 is 6.44, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 6.44 | 0.84 |
| FY2024 | 5.59 | 0.28 |
| FY2023 | 5.32 | 1.03 |
| FY2022 | 4.28 | 0.22 |
| FY2021 | 4.06 | 0.02 |
| FY2020 | 4.04 | 0.11 |
| FY2019 | 3.94 | (0.82) |
| FY2018 | 4.76 | (0.02) |
| FY2017 | 4.78 | 0.33 |
| FY2016 | 4.45 | 0.19 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.38 | — | 0.46 | |
| Retained earnings / total assets | 0.89 | — | 1.25 | |
| EBIT / total assets | 0.08 | — | 0.28 | |
| Market value of equity / total liabilities | 5.71 | — | 3.43 | |
| Sales / total assets | 1.02 | — | 1.02 | |
| Altman Z-score | Safe zone | 6.44 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 8.78 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AMPX Amprius Technologies, Inc. compare | 9.5× |
| PLPC Preformed Line Products Company | 6.4× |
| ATKR Atkore Inc. compare | 2.8× |
| HAYW Hayward Holdings, Inc. compare | 2.5× |
| ENR Energizer Holdings, Inc. compare | 1.5× |
| TE T1 Energy Inc compare | −0.3× |
| FCEL FuelCell Energy, Inc. compare | −2.2× |
| EOSE Eos Energy Enterprises, Inc. compare | −3.5× |
| PLUG Plug Power, Inc. compare | −4.8× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets