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): November 3, 2008

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

(Former name or former address if changed since last report.)

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 November 3, 2008, Preformed Line Products Company issued a press release announcing earnings for the three months ended September 30, 2008. 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 November 3, 2008, announcing earnings for the three months ended September 30, 2008

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: November 3, 2008

EX-99.1

Exhibit 99.1

For immediate release	Eric R. Graef
November 3, 2008	Preformed Line Products
	(440) 473-9249

PREFORMED LINE PRODUCTS ANNOUNCES FINANCIAL RESULTS FOR
THE THIRD QUARTER AND FIRST NINE MONTHS OF 2008

• Net income increased 15% for the third quarter and 21% for the first nine months

• Net sales increased 22% for the third quarter and 23% for the first nine months

• Earnings per diluted share increased 18% for the third quarter and 22% for the first nine months

Mayfield Village, Ohio, November 3, 2008 — Preformed Line Products Company (Nasdaq: PLPC) today reported financial results for the third quarter and the first nine months of 2008.

Net income for the quarter ended September 30, 2008 increased 15% to $6,423,000, or $1.22 per diluted share, compared to $5,592,000, or $1.03 per diluted share, for the comparable period in 2007. Net sales in the third quarter of 2008 were $73,952,000, an increase of 22% from sales of $60,413,000 in the third quarter of 2007.

Net income for the nine months ended September 30, 2008 increased 21% to $14,862,000, or $2.78 per diluted share, compared to $12,308,000, or $2.27 per diluted share for the comparable period in 2007. Net income in 2008 included a net gain of $461,000, or $.09 per diluted share, on the sale of Superior Modular Products Company (“SMP”), a former wholly owned domestic subsidiary.

Net sales increased 23% to $209,179,000 for the first nine months of 2008 compared to $170,464,000 in the first nine months of 2007.

Currency exchange rates favorably impacted sales by $1,882,000 for the quarter and $9,020,000 for the first nine months of 2008, while the impact on net income was $97,000 for the quarter and $299,000 for the first nine months of 2008.

Rob Ruhlman, Chairman and Chief Executive Officer, said, “Our increase in sales and profitability is gratifying coming in the face of difficult and uncertain economic conditions throughout the world. This is a challenge we will continue to face during the remainder of this year and next as our customers deal with limited borrowing opportunities in the capital markets. The successful integration of our two acquisitions during 2007 and the divestiture of SMP in May of this year were instrumental in the improvement in our operating results to date.”

P.O. Box 91129       Cleveland, Ohio 44101       440.461.5200       www.preformed.com

PAGE 2 / PLP ANNOUNCES THIRD 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, 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 2007 Annual Report on Form 10-K filed with the SEC on April 7, 2008. 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)

In thousands, except per share data	Three month periods ended September 30,						Nine month periods ended September 30,
	2008			2007			2008			2007
				(restated)						(restated)
Net sales	$	73,952		$	60,413		$	209,179		$	170,464
Cost of products sold		48,489			38,974			141,034			111,743
GROSS PROFIT		25,463			21,439			68,145			58,721
Costs and expenses
Selling		6,119			5,462			17,879			16,516
General and administrative		7,506			6,347			22,553			17,999
Research and engineering		2,218			1,731			6,545			5,185
Other operating expenses — net		462			(169	)		605			141
Goodwill impairment		—			—			—			199
		16,305			13,371			47,582			40,040
OPERATING INCOME		9,158			8,068			20,563			18,681
Other income (expense)
Interest income		225			264			655			805
Interest expense		(138	)		(140	)		(415	)		(437	)
Other income (expense)		176			(9	)		196			(22	)
		263			115			436			346
INCOME BEFORE INCOME TAXES, MINORITY INTERESTS AND DISCONTINUED OPERATIONS		9,421			8,183			20,999			19,027
Income taxes		2,807			2,663			6,604			6,838
INCOME BEFORE MINORITY INTERESTS AND DISCONTINUED OPERATIONS		6,614			5,520			14,395			12,189
Minority interests, net of tax		(157	)		(24	)		(268	)		(24	)
INCOME FROM CONTINUING OPERATIONS		6,457			5,496			14,127			12,165
Income (loss) from discontinued operations, net of tax		(34	)		96			735			143
NET INCOME	$	6,423		$	5,592		$	14,862		$	12,308
Income per share from continuing operations — basic	$	1.24		$	1.02		$	2.67		$	2.27
Income (loss) per share from discontinued operations — basic	$	(0.01	)	$	0.02		$	0.14		$	0.03
Total net income per share — basic	$	1.23		$	1.04		$	2.81		$	2.30
Income per share from continuing operations — diluted	$	1.23		$	1.01		$	2.64		$	2.25
Income (loss) per share from discontinued operations — diluted	$	(0.01	)	$	0.02		$	0.14		$	0.02
Total net income per share — diluted	$	1.22		$	1.03		$	2.78		$	2.27
Cash dividends declared per share	$	0.20		$	0.20		$	0.60		$	0.60
Weighted-average number of shares outstanding — basic		5,218			5,379			5,298			5,369
Weighted-average number of shares outstanding — diluted		5,269			5,437			5,345			5,418

PREFORMED LINE PRODUCTS COMPANY
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

	September 30,			December 31,
Thousands of dollars, except share data	2008			2007
				(restated)
ASSETS
Cash and cash equivalents	$	24,775		$	23,392
Accounts receivable, less allowances of $1,177 ($1,199 in 2007)		46,752			37,002
Inventories — net		47,020			43,788
Deferred income taxes		3,218			2,982
Prepaids and other		5,811			4,098
Current assets of discontinued operations		—			12,188
TOTAL CURRENT ASSETS		127,576			123,450
Property and equipment — net		60,934			58,506
Patents and other intangibles — net		4,287			5,637
Goodwill		6,140			3,928
Deferred income taxes		4,213			3,744
Other assets		8,193			8,601
TOTAL ASSETS	$	211,343		$	203,866
LIABILITIES AND SHAREHOLDERS’ EQUITY
Notes payable to banks	$	2,858		$	4,076
Current portion of long-term debt		948			1,949
Trade accounts payable		19,041			15,178
Accrued compensation and amounts withheld from employees		9,742			6,995
Accrued expenses and other liabilities		15,695			12,254
Current liabilities of discontinued operations		—			1,897
TOTAL CURRENT LIABILITIES		48,284			42,349
Long-term debt, less current portion		2,854			3,010
Other noncurrent liabilities and deferred income taxes		7,501			7,882
Minority interests		1,381			904
SHAREHOLDERS’ EQUITY
Common shares — $2 par value, 15,000,000 shares authorized, 5,223,180 and 5,380,956 outstanding, net of 551,059 and 378,333 treasury shares at par, respectively		10,446			10,762
Paid in capital		3,402			2,720
Retained earnings		144,917			140,339
Accumulated other comprehensive loss		(7,442	)		(4,100	)
TOTAL SHAREHOLDERS’ EQUITY		151,323			149,721
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	211,343		$	203,866