Polypore International, Inc. (PPO) reported net income for the first quarter of $9.0 million or $0.19 per share, down from $19.8 million or $0.40 per share for the year-ago quarter.
Excluding items, adjusted net income for the quarter was $12.9 million or $0.27 per share, compared to $22.3 million or $0.47 per share in the prior year quarter.
Sales for the latest quarter fell to $163.5 million from $175.7 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.40 per share on revenue of $175.90 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward, Robert Toth, President and Chief Executive, said, "The ramp-up of EDV battery and production facilities in the quarter, combined with new vehicle introductions and the improvement in order patterns experienced in March and April, gives us confidence that sales of lithium battery separators will improve over the course of the year."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.