8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 25, 2005

Preformed Line Products Company

(Exact name of registrant as specified in its charter)

Ohio
(State or other jurisdiction
of incorporation) 0-31164
(Commission File Number) 34-0676895
(IRS Employer
Identification No.)

660 Beta Drive
Mayfield Village, Ohio
(Address of principal executive offices) 44143
(Zip Code)

Registrant’s telephone number, including area code: (440) 461-5200

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

     On April, 25, 2005, Preformed Line Products Company issued a press release announcing earnings for the quarter ended March 31, 2005. A copy of the press release is attached hereto as Exhibit 99.1. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except, as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

99.1    Press release dated April, 25, 2005, announcing earnings for the quarter ended March 31, 2005

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PREFORMED LINE PRODUCTS COMPANY

/s/ Eric R. Graef

Eric R. Graef, Vice President – Finance
and Treasurer

DATED: April 25, 2005

EX-99.1

Exhibit 99.1

For immediate release
April 25, 2005 Eric R. Graef
Preformed Line Products
(440) 473-9249

PREFORMED LINE PRODUCTS ANNOUNCES IMPROVED FINANCIAL RESULTS
FOR THE QUARTER ENDED MARCH 31, 2005

•   Earnings per diluted share for the quarter increased 143% from the first quarter of 2004

•   Sales increased 28% in the first quarter of 2005

Cleveland, Ohio, April 25, 2005 – Preformed Line Products Company (Nasdaq: PLPC) today reported significantly improved financial results for the first quarter ended March 31, 2005.

Net income for the first quarter ended March 31, 2005 was $3,228,000, or $.56 per diluted share, compared to $1,364,000, or $.23 per diluted share, for the comparable period in 2004.

Sales for the quarter of $50,772,000 were 28% higher than sales of $39,530,000 in the first quarter of 2004.

Rob Ruhlman, Chairman and Chief Executive Officer said, “The improvement in sales included a favorable currency impact of $1.2 million. This sales improvement throughout the world combined with controlled expenses generated operating income of 10% which has been one of our goals. It’s always gratifying to see the positive results of a long term strategy.”

Founded in 1947, Preformed Line Products is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for energy, communications and broadband network companies.

Preformed’s world headquarters are in Cleveland, Ohio, and the Company operates three domestic manufacturing centers located in Rogers, Arkansas, Albemarle, North Carolina, and Asheville, North Carolina. The Company serves its worldwide market through international operations in Australia, Brazil, Canada, China, England, Mexico, New Zealand, South Africa, Spain and Thailand.

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the Company, including those statements regarding the Company’s and management’s beliefs and expectations concerning the Company’s future performance or anticipated financial results, among others. Except for historical information, the matters discussed in this release are forward-looking statements that involve risks and uncertainties which may cause results to differ materially from those set forth in those statements. Among other things, factors that could cause actual results to differ materially from those expressed in such forward-looking statements include the strength of the economy and demand for the Company’s products, increases in raw material prices, the Company’s ability to identify, complete and integrate acquisitions for profitable growth, and other factors described under the heading “Forward-Looking Statements” in the Company’s Form 10-K filed with the SEC on March 24, 2005. The Form 10-K and the Company’s other filings with the SEC can be found on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

PREFORMED LINE PRODUCTS COMPANY
STATEMENTS OF CONSOLIDATED OPERATIONS
(Unaudited)

	Quarter
	ended March 31,
Thousands, except per share data	2005			2004
Net sales	$	50,772		$	39,530
Cost of products sold		34,145			27,460
GROSS PROFIT		16,627			12,070
Costs and expenses Selling		5,055			4,487
General and administrative		4,927			4,517
Research and engineering		1,543			1,477
Other operating (income) expenses — net		115			(128	)
		11,640			10,353
Royalty income — net		192			426
OPERATING INCOME		5,179			2,143
Other income (expense) Interest income		213			127
Interest expense		(94	)		(86	)
Other expense		(27	)		(36	)
		92			5
INCOME BEFORE INCOME TAXES AND EQUITY IN NET INCOME OF JOINT VENTURES		5,271			2,148
Income taxes		2,043			842
NET INCOME BEFORE JOINT VENTURES		3,228			1,306
Equity in net income of joint ventures		—			58
NET INCOME	$	3,228		$	1,364
Net income per share — basic	$	0.56		$	0.24
Net income per share — diluted	$	0.56		$	0.23
Cash dividends declared per share	$	0.20		$	0.20
Average number of shares outstanding — basic		5,719			5,781
Average number of shares outstanding — diluted		5,776			5,841

PREFORMED LINE PRODUCTS COMPANY
CONSOLIDATED BALANCE SHEETS
(Unaudited)

	March 31,			December 31,
Thousands of dollars, except share data	2005			2004
ASSETS
Cash and cash equivalents	$	31,553		$	29,744
Accounts receivable, less allowance of $2,149 ($2,396 in 2004)		31,212			29,217
Inventories-net		35,104			36,264
Deferred income taxes		3,774			3,727
Prepaids and other		2,208			2,651
TOTAL CURRENT ASSETS		103,851			101,603
Property and equipment — net		47,641			48,169
Deferred income taxes		1,081			1,213
Goodwill — net		2,113			2,130
Patents and other intangibles — net		3,152			3,247
Other assets		2,420			2,446
TOTAL ASSETS		160,258			158,808
LIABILITIES AND SHAREHOLDERS’ EQUITY
Notes payable to banks	$	702		$	735
Current portion of long-term debt		1,401			1,272
Trade accounts payable		10,102			11,111
Accrued compensation and amounts withheld from employees		4,978			4,879
Accrued expenses and other liabilities		4,814			4,368
Accrued profit-sharing and pension contributions		3,971			3,639
Dividends payable		1,146			1,141
Income taxes		952			777
TOTAL CURRENT LIABILITIES		28,066			27,922
Long-term debt, less current portion		2,570			2,362
Deferred income taxes		183			187
SHAREHOLDERS’ EQUITY
Common shares — $2 par value, 15,000,000 shares authorized, 5,729,097 and 5,706,713 outstanding, net of 496,159 and 491,159 treasury shares at par, respectively		11,458			11,413
Paid in capital		928			545
Retained earnings		130,672			128,738
Accumulated other comprehensive loss		(13,619	)		(12,359	)
TOTAL SHAREHOLDERS’ EQUITY		129,439			128,337
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	160,258		$	158,808

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