Schedule of Company's Reportable Segments |
The following tables present a summary of the Company’s reportable segments for the three- and six-month periods ended June 30, 2025 and 2024. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory. | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | PLP-USA | The Americas | EMEA | Asia-Pacific | Total | Gross sales | $ | 81,703 | | $ | 30,856 | | $ | 33,575 | | $ | 34,673 | | $ | 180,807 | | Intersegment sales | (2,413) | | (2,348) | | (1,665) | | (4,780) | | (11,206) | | Net sales | 79,290 | | 28,508 | | 31,910 | | 29,893 | | 169,601 | | Less: | | | | | | Cost of products sold | 51,228 | | 20,084 | | 22,399 | | 20,491 | | 114,202 | | Gross profit | 28,062 | | 8,424 | | 9,511 | | 9,402 | | 55,399 | | Costs and expenses | 17,413 | | 6,736 | | 7,950 | | 6,176 | | 38,275 | | Operating Income | 10,649 | | 1,688 | | 1,561 | | 3,226 | | 17,124 | | Interest income | 102 | | 182 | | 70 | | 30 | | 384 | | Interest expense | (10) | | (26) | | (164) | | (118) | | (318) | | Other (expense) income, net | (204) | | 42 | | 248 | | 30 | | 116 | | Income before income taxes | 10,537 | | 1,886 | | 1,715 | | 3,168 | | 17,306 | | Income tax expense | 2,792 | | 584 | | 353 | | 877 | | 4,606 | | Total noncontrolling interest | — | | — | | 5 | | — | | 5 | | Total net income attributable to Preformed Line Products Company shareholders | $ | 7,745 | | $ | 1,302 | | $ | 1,367 | | $ | 2,291 | | $ | 12,705 | | | | | | | | | Three Months Ended June 30, 2024 | | PLP-USA | The Americas | EMEA | Asia-Pacific | Total | Gross sales | $ | 62,712 | | $ | 23,762 | | $ | 33,463 | | $ | 28,467 | | $ | 148,404 | | Intersegment sales | 2,812 | | 1,947 | | 1,424 | | 3,501 | | 9,684 | | Net sales | 59,900 | | 21,815 | | 32,039 | | 24,966 | | 138,720 | | Less: | | | | | | Cost of products sold | 39,157 | | 15,103 | | 22,675 | | 17,512 | | 94,447 | | Gross profit | 20,743 | | 6,712 | | 9,364 | | 7,454 | | 44,273 | | Costs and expenses | 16,939 | | 4,644 | | 5,388 | | 6,010 | | 32,981 | | Operating Income | 3,804 | | 2,068 | | 3,976 | | 1,444 | | 11,292 | | Interest income | — | | 279 | | 50 | | 18 | | 346 | | Interest expense | (251) | | (36) | | (149) | | (133) | | (568) | | Other (expense) income, net | (19) | | 56 | | 54 | | — | | 91 | | Income before income taxes | 3,534 | | 2,367 | | 3,931 | | 1,329 | | 11,161 | | Income tax expense | 189 | | 572 | | 954 | | 79 | | 1,794 | | Total noncontrolling interest | — | | — | | (1) | | — | | (1) | | Total net income attributable to Preformed Line Products Company shareholders | $ | 3,345 | | $ | 1,796 | | $ | 2,975 | | $ | 1,250 | | $ | 9,366 | |
| | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | PLP-USA | The Americas | EMEA | Asia-Pacific | Total | Gross sales | $ | 158,123 | | $ | 55,314 | | $ | 65,152 | | $ | 59,678 | | $ | 338,267 | | Intersegment sales | (4,827) | | (4,527) | | (3,249) | | (7,522) | | (20,125) | | Net sales | 153,296 | | 50,787 | | 61,903 | | 52,156 | | 318,142 | | Less: | | | | | | Cost of products sold | 98,396 | | 35,276 | | 43,515 | | 36,885 | | 214,072 | | Gross profit | 54,900 | | 15,511 | | 18,388 | | 15,271 | | 104,070 | | Costs and expenses | 34,567 | | 12,224 | | 15,300 | | 11,725 | | 73,816 | | Operating income | 20,333 | | 3,287 | | 3,088 | | 3,546 | | 30,254 | | Interest income | 181 | | 520 | | 125 | | 68 | | 894 | | Interest expense | (95) | | (33) | | (315) | | (251) | | (694) | | Other (expense) income, net | (403) | | 73 | | 270 | | 583 | | 523 | | Income before income taxes | 20,016 | | 3,847 | | 3,168 | | 3,946 | | 30,977 | | Income tax expense | 3,834 | | 1,149 | | 582 | | 1,159 | | 6,724 | | Total noncontrolling interest | — | | — | | (31) | | — | | (31) | | Total net income attributable to Preformed Line Products Company shareholders | $ | 16,182 | | $ | 2,698 | | $ | 2,555 | | $ | 2,787 | | $ | 24,222 | | | | | | | | | Six Months Ended June 30, 2024 | | PLP-USA | The Americas | EMEA | Asia-Pacific | Total | Gross sales | $ | 135,795 | | $ | 44,587 | | $ | 63,491 | | $ | 55,387 | | $ | 299,260 | | Intersegment sales | (5,158) | | (4,414) | | (2,798) | | (7,265) | | (19,635) | | Net sales | 130,637 | | 40,173 | | 60,693 | | 48,122 | | 279,625 | | Less: | | | | | | Cost of products sold | 85,198 | | 28,496 | | 43,012 | | 34,515 | | 191,220 | | Gross profit | 45,439 | | 11,678 | | 17,682 | | 13,606 | | 88,405 | | Costs and expenses | 35,102 | | 9,364 | | 11,519 | | 9,569 | | 65,554 | | Operating income | 10,337 | | 2,314 | | 6,163 | | 4,037 | | 22,851 | | Interest income | — | | 1,194 | | 86 | | 38 | | 1,318 | | Interest expense | (684) | | (47) | | (304) | | (241) | | (1,276) | | Other (expense) income, net | (29) | | 74 | | 79 | | 2 | | 126 | | Income before income taxes | 9,624 | | 3,535 | | 6,024 | | 3,836 | | 23,019 | | Income tax expense | 961 | | 842 | | 1,462 | | 784 | | 4,049 | | Total noncontrolling interest | — | | — | | (8) | | — | | (8) | | Total net income attributable to Preformed Line Products Company shareholders | $ | 8,661 | | $ | 2,693 | | $ | 4,555 | | $ | 3,053 | | $ | 18,962 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | | Expenditure for long-lived assets | | | | | | | | | | PLP-USA | $ | 2,213 | | | $ | 2,210 | | | $ | 2,914 | | | $ | 4,504 | | | | The Americas | 717 | | | 377 | | | 1,799 | | | 1,082 | | | | EMEA | 4,742 | | | 739 | | | 13,499 | | | 1,507 | | | | Asia-Pacific | 707 | | | 402 | | | 1,142 | | | 553 | | | | Total expenditure for long-lived assets | $ | 8,379 | | | $ | 3,728 | | | $ | 19,354 | | | $ | 7,646 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Depreciation and amortization | | | | | | | | | | PLP-USA | $ | 3,118 | | | $ | 2,929 | | | $ | 6,257 | | | $ | 5,715 | | | | The Americas | 880 | | | 834 | | | 1,687 | | | 2,203 | | | | EMEA | 970 | | | 827 | | | 1,838 | | | 1,663 | | | | Asia-Pacific | 760 | | | 731 | | | 1,471 | | | 1,447 | | | | Total depreciation and amortization | $ | 5,728 | | | $ | 5,321 | | | $ | 11,253 | | | $ | 11,028 | | | |
| | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | Identifiable assets | | | | PLP-USA | $ | 256,013 | | | $ | 245,388 | | The Americas | 113,229 | | | 103,456 | | EMEA | 156,931 | | | 125,013 | | Asia-Pacific | 105,288 | | | 100,020 | | Total identifiable assets | $ | 631,461 | | | $ | 573,877 | |
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