v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
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-USAThe AmericasEMEAAsia-PacificTotal
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 sales79,290 28,508 31,910 29,893 169,601 
Less:
Cost of products sold51,228 20,084 22,399 20,491 114,202 
Gross profit28,062 8,424 9,511 9,402 55,399 
Costs and expenses17,413 6,736 7,950 6,176 38,275 
Operating Income10,649 1,688 1,561 3,226 17,124 
Interest income102 182 70 30 384 
Interest expense(10)(26)(164)(118)(318)
Other (expense) income, net(204)42 248 30 116 
Income before income taxes10,537 1,886 1,715 3,168 17,306 
Income tax expense2,792 584 353 877 4,606 
Total noncontrolling interest— — — 
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-USAThe AmericasEMEAAsia-PacificTotal
Gross sales$62,712 $23,762 $33,463 $28,467 $148,404 
Intersegment sales2,812 1,947 1,424 3,501 9,684 
Net sales59,900 21,815 32,039 24,966 138,720 
Less:
Cost of products sold39,157 15,103 22,675 17,512 94,447 
Gross profit20,743 6,712 9,364 7,454 44,273 
Costs and expenses16,939 4,644 5,388 6,010 32,981 
Operating Income3,804 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 taxes3,534 2,367 3,931 1,329 11,161 
Income tax expense189 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-USAThe AmericasEMEAAsia-PacificTotal
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 expenses34,567 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 taxes20,016 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-USAThe AmericasEMEAAsia-PacificTotal
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 sales130,637 40,173 60,693 48,122 279,625 
Less:
Cost of products sold85,198 28,496 43,012 34,515 191,220 
Gross profit45,439 11,678 17,682 13,606 88,405 
Costs and expenses35,102 9,364 11,519 9,569 65,554 
Operating income10,337 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 79 126 
Income before income taxes9,624 3,535 6,024 3,836 23,019 
Income tax expense961 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,
2025202420252024
Expenditure for long-lived assets
PLP-USA$2,213 $2,210 $2,914 $4,504 
The Americas717 377 1,799 1,082 
EMEA4,742 739 13,499 1,507 
Asia-Pacific707 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 Americas880 834 1,687 2,203 
EMEA970 827 1,838 1,663 
Asia-Pacific760 731 1,471 1,447 
Total depreciation and amortization$5,728 $5,321 $11,253 $11,028 
June 30, 2025December 31, 2024
Identifiable assets
PLP-USA$256,013 $245,388 
The Americas113,229 103,456 
EMEA156,931 125,013 
Asia-Pacific105,288 100,020 
Total identifiable assets$631,461 $573,877 
Summary of Company's Long-Lived Assets by Segment
Long-lived assets
PLP-USA$115,874 $119,114 
The Americas24,485 20,446 
EMEA36,455 21,243 
Asia-Pacific35,109 34,283 
Total long-lived assets
$211,923 $195,086