A

Preformed Line Products Company — Earnings Quality Grade A

PLPC · Industrials

Strong financial health

Revenue
$669M
2025
Net Income
$35M
2025
Gross Margin
31.2%
Free Cash Flow
$33M
01

Screening Summary

16
Passed
1
Watch
0
Failed
-2.73
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 62 days, change -7 days YoY

A2AR vs Revenue Growth

AR growth 1.6% vs revenue growth 12.7%

A3Revenue vs CFFO

Revenue 12.7%, CFFO 8.9%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 14.5% vs COGS 14.1%. Normal

!
B2CapEx vs Revenue

CapEx growth 173.9% is >2x revenue growth 12.7%

B3SG&A Ratio

SG&A/Gross Profit = 61.0%. Normal

B4Gross Margin

Gross margin 31.2%, change -0.8pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.08. Profits backed by cash

C2Free Cash Flow

FCF $0.0B, FCF/NI = 0.94

C3Accruals Ratio

Accruals ratio = -5.8%. Low accruals

C4Cash vs Debt

Cash $0.1B covers debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.0B = 9% of equity. Manageable

D2Leverage

Debt/EBITDA = 0.7x. Healthy

D3Soft Asset Growth

Other assets -6.3% vs revenue 12.7%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 12% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.73 (< -2.22). Unlikely manipulator

04

Beneish M-Score

Manipulation Probability-2.73
-4.0 Clean-2.22 Grey-1.78 Danger0
0.901
DSRI
AR growing faster than revenue?
1.026
GMI
Gross margin declining?
0.958
AQI
Asset quality deteriorating?
1.127
SGI
Revenue growth rate
1.022
DEPI
Depreciation slowing?
0.971
SGAI
SG&A ratio changing?
-0.0584
TATA
Accruals level
1.022
LVGI
Leverage increasing?
05

Altman Z-Score

8.7
Safe Zone
0 Distress1.102.605.0+ Safe
0.3806
Liquidity
0.894
Cumulative profit
0.0718
Operating efficiency
2.6704
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25