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PREFORMED LINE PRODUCTS ANNOUNCES 1991 RESULTS

 PREFORMED LINE PRODUCTS ANNOUNCES 1991 RESULTS
 CLEVELAND, March 18 /PRNewswire/ -- Preformed Line Products Company


today reported lower sales and earnings for the year ended Dec. 31, 1991.
 Net income of the Cleveland-based supplier to the power utility and telecommunications industries totalled $6,353,000 or $2.05 per share, down 11 percent from the $7,178,000, or $2.31 per share reported a year earlier. Consolidated sales of $107,507,000 in 1991 were down 7 percent from the $115,716,000 total in 1990.
 In the fourth quarter, net income of $1,633,000, or $.53 per share, rose 169 percent from the $607,000, or $.20 per share recorded in the 1990 final period. Profit in the year-ago final period was reduced by a loss from combined foreign operations, while the current year fourth quarter benefitted from improved foreign operating results and non-operating gains totalling $578,000. Sales of $24,426,000 in the 1991 fourth quarter were down 5 percent from the $25,704,000 last year.
 All per share figures above have been adjusted to reflect a four-for-one split of the company's common stock in May, 1991.
 Jon R. Ruhlman, president and chief executive officer, said that results for the year reflected cautious capital spending for construction activity by both power and communications utility customers growing directly out of the recessionary economy. He added that the company nonetheless continued to maintain or increase market share in all key areas of its business. In addition, he noted that good sales gains of fiber optic products were recorded in Preformed's power and telecommunications markets -- an emerging, rapid growth area for the company.
 Preformed Line Products is a leading supplier of high quality cable anchoring and control hardware and systems, overhead and underground splice cases and related products, and fiber optic splicing and communications systems. The company's shares are traded in the over-the-counter market.
 PREFORMED LINE PRODUCTS COMPANY and Subsidiaries
 Summary of Consolidated Income
 3 MONTHS (A)
 Period ended December 31 1991 1990
 Net sales $24,426,478 $25,704,155
 Income before income taxes 2,125,502 1,873,420
 Federal, foreign and state
 income taxes 492,075 1,266,379
 Net income 1,633,427 607,041
 Net income per share $.53 $.20
 Average shares outstanding 3,092,824 3,102,752
 12 MONTHS (A)
 Period ended December 31 1991 1990
 Net sales $107,506,806 $115,715,790
 Income before income taxes 11,201,624 13,624,060
 Federal, foreign and state
 income taxes 4,849,084 6,446,109
 Net income 6,352,540 7,177,951
 Net income per share $2.05 $2.31
 Average shares outstanding 3,093,012 3,104,016
 (A) -- Per share figures and average shares outstanding restated to reflect a 4-for-1 stock split in 1991.
 -0- 3/18/92
 /CONTACT: Carl W. Gregory of Preformed Line Products Company, 216-461-5200/ CO: Preformed Line Products Company ST: Ohio IN: TLS SU: ERN


CG -- CL022 -- 9355 03/18/92 15:54 EST
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Date:Mar 18, 1992
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