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 30, 2010

Preformed Line Products Company

(Exact name of registrant as specified in its charter)

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

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

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

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

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

¨ 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 30, 2010, Preformed Line Products Company issued a press release announcing earnings for the three months ended March 31, 2010.  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

(d)           Exhibits

99.1 Press release dated April 30, 2010, announcing earnings for the three months ended March 31, 2010

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 &

Treasurer

DATED:  April 30, 2010

EX-99.1

For immediate release	Eric R. Graef
April 30, 2010	Preformed Line Products
	(440) 473-9249

PREFORMED LINE PRODUCTS ANNOUNCES FINANCIAL RESULTS

FOR THE QUARTER ENDED MARCH 31, 2010

Mayfield Village, Ohio, April 30, 2010 – Preformed Line Products Company (Nasdaq:PLPC) today reported financial results for the first quarter ended March 31, 2010.

Net income for the quarter ended March 31, 2010 was $1,132,000, or $.21 per diluted share, compared to $2,722,000, or $.51 per diluted share, for the comparable period in 2009.

Net sales for the first quarter of 2010 increased 17% to $68,908,000 compared to $58,694,000 in the first quarter of 2009.

Currency translation had a positive impact on sales and net income for the quarter of $6.9 million and $.4 million, respectively.

Rob Ruhlman, Chairman and Chief Executive Officer, said, “Our overall results for the current quarter were disappointing given the 17% increase in sales.  Increases in our raw material costs and integration expenses related to the acquisition of Dulmison in December 2009 contributed to the decline in our operating profit.   The improvement in sales as a result of adding Dulmison was offset by the continuing faltering economy in Europe as well as the ongoing economic challenges in the U.S.  If we have an uptick in sales in the second quarter, there should be a corresponding improvement in leveraging our expenses.”

PAGE 2/PLP ANNOUNCES FIRST QUARTER RESULTS

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, Albuquerque, New Mexico, and Albemarle, North Carolina.  The Company serves its worldwide market through international operations in Australia, Brazil, Canada, China, England, Indonesia, Malaysia, Mexico, New Zealand, Poland, 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 2009 Annual Report on Form 10-K filed with the SEC on March 15, 2010.  The Annual Report on 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)

Thousands, except per share data	Three month periods ended March 31,
	2010			2009
Net sales	$	68,908		$	58,694
Cost of products sold		48,883			40,116
GROSS PROFIT		20,025			18,578
Costs and expenses
Selling		6,502			5,364
General and administrative		9,478			7,052
Research and engineering		2,859			2,061
Other operating (expense) income		(145	)		289
		18,694			14,766
OPERATING INCOME		1,331			3,812
Other income (expense)
Interest income		83			125
Interest expense		(170	)		(109	)
Other income		351			479
		264			495
INCOME BEFORE INCOME TAXES		1,595			4,307
Income taxes		561			1,590
NET INCOME		1,034			2,717
Less net (loss) attributable to noncontrolling interests, net of tax		(98	)		(5	)
NET INCOME ATTRIBUTABLE TO PLPC	$	1,132		$	2,722
BASIC EARNINGS PER SHARE
Net Income to PLPC common shareholders	$	0.22		$	0.52
DILUTED EARNINGS PER SHARE
Net Income to PLPC common shareholders	$	0.21		$	0.51
Cash dividends declared per share	$	0.20		$	0.20
Weighted-average number of shares outstanding - basic		5,252			5,225
Weighted-average number of shares outstanding - diluted		5,403			5,305

PREFORMED LINE PRODUCTS COMPANY

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

	March 31,			December 31,
Thousands of dollars, except share and per share data	2010			2009
ASSETS
Cash and cash equivalents	$	24,751		$	24,097
Accounts receivable, less allowances of $794 ($995 in 2009)		49,277			49,245
Inventories - net		58,293			56,036
Deferred income taxes		3,142			3,256
Prepaids		5,873			4,263
Other current assets		1,138			2,062
TOTAL CURRENT ASSETS		142,474			138,959
Property and equipment - net		69,592			67,766
Patents and other intangibles - net		7,988			8,087
Goodwill		6,992			6,925
Deferred income taxes		4,858			4,358
Other assets		8,514			9,277
TOTAL ASSETS	$	240,418		$	235,372
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	$	3,570		$	3,181
Current portion of long-term debt		1,480			1,330
Trade accounts payable		19,484			18,764
Accrued compensation and amounts withheld from employees		9,770			8,345
Accrued expenses and other liabilities		12,106			14,720
TOTAL CURRENT LIABILITIES		46,410			46,340
Long-term debt, less current portion		7,646			3,099
Other noncurrent liabilities and deferred income taxes		15,153			15,112
SHAREHOLDERS' EQUITY
PLPC shareholders' equity:
Common shares - $2 par value, 15,000,000 shares authorized, 5,253,140 and 5,248,298 issued and outstanding, net of 554,205 and 554,059 treasury shares at par, respectively		10,506			10,497
Paid in capital		6,448			5,885
Retained earnings		166,122			165,953
Accumulated other comprehensive loss		(11,481	)		(11,369	)
TOTAL PLPC SHAREHOLDERS' EQUITY		171,595			170,966
Noncontrolling interest		(386	)		(145	)
TOTAL SHAREHOLDERS' EQUITY		171,209			170,821
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$	240,418		$	235,372