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Preformed Line Products Company  (PLPC)
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Preformed Line Products's

Competitiveness


 

PLPC Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Preformed Line Products reported Total Revenue increase in the 2 quarter 2022 by 22.88 % year on year.
The sales growth was above Preformed Line Products's competitors average revenue growth of 4.66 %, recorded in the same quarter.

List of PLPC Competitors

With net margin of 8.39 % company reported lower profitability than its competitors.

More on PLPC Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Preformed Line Products Company Net Income in the 2 quarter 2022 grew year on year by 54.32 %, faster than average growth of Preformed Line Products's competitiors of 0.39 %

<<  More on PLPC Income Comparisons


Preformed Line Products's Comment on Competitors and Industry Peers


All of the markets that the Company serves are highly competitive. In each market, the principal methods of competition are price, performance, and service. The Company believes, however, that several factors (described below) provide the Company with a competitive advantage.

• The Company has a strong and stable workforce. This consistent and continuous knowledge base has afforded the Company the ability to provide superior service to the Company’s customers and representatives.

• The Company’s Research and Engineering Center in Mayfield Village, Ohio and the engineering departments at the Company’s subsidiary operations around the world maintain a strong technical support function to develop unique solutions to customer problems.

• The Company is vertically integrated both in manufacturing and distribution and is continually upgrading equipment and processes.

• The Company is sensitive to the marketplace and provides an extra measure of service in cases of emergency, storm damage and other rush situations. This high level of customer service and customer responsiveness is a hallmark of the Company.

• The Company’s 29 sales and manufacturing locations ensure close support and proximity to customers worldwide.

Domestically, there are several competitors for formed wire products. Although it has other competitors in many of the countries where it has plants, the Company has leveraged its expertise and is very strong in the global market. The Company believes that it is the world’s largest manufacturer of formed wire products for energy and communications markets. However, the Company’s formed wire products compete against other pole line hardware products manufactured by other companies.
The Company’s primary domestic competitor for pressurized copper closures is the 3M Company (“3M”). Based on its experience in the industry, the Company believes it maintains a strong market share position.


The fiber optic closure market is one of the most competitive product areas for the Company, with the Company competing against, among others, Tyco Electronics, 3M and Corning Cable Systems. There are a number of primary competitors and several smaller niche competitors that compete at all levels in the marketplace. The Company believes that it is one of four leading suppliers of fiber optic closures.





  

Overall company Market Share Q2 2022

Due to strong revenue growth of 22.88 % in Overall company Preformed Line Products Company improved its market share, to approximate 0.24 %.


<<  More on PLPC Market Share.
 
*Market share is calculated based on total revenue.


PLPC's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Preformed Line Products Company PLPC 356.51 569.00 46.00 2,744
3m Company MMM 64,406 35,085.00 4,162.00 95,000
Dupont De Nemours Inc. DD 25,340 15,138.00 1,933.00 34,250
Eastman Chemical Co EMN 8,935 10,912.00 1,227.00 14,500
Xilinx Inc XLNX 49,114 3,676.42 928.83 4,891
Maxim Integrated Products Inc MXIM 28,030 2,632.53 827.26 7,115
Perkinelmer Inc PKI 14,940 5,020.02 674.10 13,000
Amphenol Corporation APH 42,344 11,934.00 1,803.40 80,000
Te Connectivity ltd. TEL 36,764 15,740.00 2,514.00 82,000
Juniper Networks Inc. JNPR 8,537 4,926.50 390.90 9,817
Cisco Systems Inc. CSCO 169,724 51,557.00 11,812.00 77,500
Ciena Corp CIEN 6,070 3,703.14 198.76 5,161
Motorola Solutions inc. MSI 38,576 8,459.00 1,208.00 18,000
Corning Inc GLW 25,186 14,586.00 2,023.00 50,110
Optical Cable Corp OCC 26 64.91 -1.54 342
Belden Inc. BDC 2,682 2,546.67 86.09 8,200
Commscope Holding Company Inc. COMM 2,070 8,858.20 -412.10 20,000
Kaman Corporation KAMN 804 673.80 31.93 5,258
Avid Technology Inc. AVID 960 419.03 47.95 1,522
Adtran Holdings Inc. ADTN 946 618.80 -13.60 2,060
Applied Optoelectronics Inc. AAOI 76 212.22 -60.86 3,054
Acacia Communications Inc ACIA 4,971 547.97 68.80 354
Houston Wire and Cable Co HWCC 89 269.51 -12.97 352
Ieh Corp IEHC 26 32.15 2.56 160
Richardson Electronics Ltd. RELL 192 224.62 17.93 373
Materion Corporation MTRN 1,559 1,679.60 75.11 2,550
Encore Wire Corp WIRE 2,230 2,965.48 689.25 1,253
Broadcom Inc. AVGO 198,772 31,680.00 10,125.00 21,000
Emcore Corp EMKR 65 142.52 -2.39 364
Finisar Corp FNSR 2,834 1,242.63 -43.44 13,000
Inphi Corp IPHI 9,075 682.95 -59.74 616
Marvell Technology Inc MRVL 36,555 4,106.68 -422.90 3,749
Macom Technology Solutions Holdings Inc. MTSI 3,723 652.24 217.75 1,800
Maxlinear Inc. MXL 2,593 963.05 70.13 753
Neophotonics Corp NPTN 898 348.63 -6.59 1,783
Nve Corp NVEC 229 27.17 15.07 45
On Semiconductor Corporation ON 28,027 7,970.80 1,747.30 34,000
Pixelworks Inc PXLW 84 67.49 -16.09 215
Qorvo Inc. QRVO 8,650 -5,263,544.44 1,531.16 7,900
Quicklogic Corp QUIK 76 16.20 -4.55 89
Semtech Corp SMTC 1,885 651.14 93.08 1,282
Skyworks Solutions Inc. SWKS 14,999 4,995.50 1,237.10 10,000
Viavi Solutions Inc. VIAV 2,885 1,292.40 15.50 3,500
Alpine 4 Holdings Inc. ALPP 104 79.70 -12.30 0
Amplitech Group Inc. AMPG 17 13.46 -3.77 5
Clearfield Inc. CLFD 1,261 221.09 39.80 230
Franklin Wireless Corp. FKWL 32 24.00 -3.67 67
Harmonic Inc. HLIT 1,258 587.01 34.70 1,244
Infinera Corp INFN 1,013 1,452.93 -184.43 2,145
Pineapple Energy Inc. PEGY 15 -7.94 6.63 0
Lumentum Holdings Inc. LITE 5,096 1,712.60 434.00 2,930
Lightwave Logic Inc. LWLG 815 0.00 -19.72 10
Netgear Inc. NTGR 625 975.12 -57.15 1,008
Parkervision Inc. PRKR 14 0.07 -9.52 45
Seachange International Inc SEAC 21 24.45 -27.37 286
Utstarcom Holdings Corp UTSI 128 15.92 -5.83 481
Westell Technologies Inc WSTL 14 29.95 -2.73 114
Minim Inc. MINM 6 59.43 -3.38 0
Ii vi Incorporated IIVI 4,818 3,316.62 234.76 0
Amdocs Limited DOX 10,225 4,288.64 688.37 31,000
Okta Inc. OKTA 8,317 1,135.67 -333.60 5,030
Cyberark Software Ltd CYBR 5,822 502.92 -83.95 2,400
SUBTOTAL 885,902.71 -4,991,222.32 45,453.69 686,657
       
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