v3.25.4
Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information
Note 15 - Segment Information
The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in FASB ASC 280, “Segment Reporting”. Each segment distributes a full range of the Company’s primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Company’s traditional products primarily supporting domestic energy, telecommunications and special industries products. The other three segments, The Americas, EMEA and Asia-Pacific support the Company’s energy, telecommunications, data communication and special industries products in each respective geographical region.
The segment managers responsible for each region report directly to the Company’s Executive Chairman, who is the chief operating decision maker ("CODM") and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire company rather than the results of any individual business component of the segment.
The amount of each segment’s performance reported to the CODM is for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on gross sales and income before income taxes.
The CODM uses both gross sales and income before income taxes for each segment predominantly in the annual budget and forecasting process as well as monitoring actual results. The CODM considers forecast-to-actual and actual to prior period variances for both measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment sales and income before income taxes for the performance of each segment by comparing the results of each segment with one another and in determining the incentive compensation of certain employees.
The accounting policies of the operating segments are the same as those described in Note 1. We have one customer accounting for 10.7% of the Company’s consolidated revenue, generated within the PLP-USA, The Americas, and Asia-Pacific operating segments In certain circumstances, PLP-USA performs all manufacturing and shipping activity to US-based entities on behalf of EMEA, where the sales order is recorded. These sales and related profits have been reclassified for segment purposes only from EMEA to PLP-USA.
The following table presents a summary of the Company’s reportable segments for the years ended December 31, 2025, 2024 and 2023. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.
Year Ended December 31, 2025
PLP-USAThe AmericasEMEAAsia-PacificTotal
Gross sales
$321,671 $118,713 $139,225 $132,256 $711,865 
Intersegment sales
(9,052)(9,946)(6,102)(17,427)(42,527)
Net sales
312,619 108,767 133,123 114,829 669,338 
Less:
Cost of products sold
206,762 77,030 93,856 83,151 460,799 
Gross profit
105,857 31,737 39,267 31,678 208,539 
Costs and expenses69,922 25,566 32,000 25,916 153,404 
Operating income
35,935 6,171 7,267 5,762 55,135 
Interest income
630 1,191 371 125 2,317 
Interest expense
(264)(43)(651)(345)(1,303)
Other (expense) income, net(12,183)160 334 1,160 (10,529)
Income before income taxes24,118 7,479 7,321 6,702 45,620 
Income tax expense
4,606 2,084 1,955 1,668 10,313 
Total noncontrolling interest
— — (24)— (24)
Total net income attributable to Preformed Line Products Company shareholders
$19,512 $5,395 $5,342 $5,034 $35,283 
Year Ended December 31, 2024
PLP-USAThe AmericasEMEAAsia-PacificTotal
Gross sales$276,792 $98,554 $133,577 $123,585 $632,508 
Intersegment sales(10,088)(8,274)(5,336)(15,096)(38,794)
Net sales266,704 90,280 128,241 108,489 593,714 
Less:
Cost of products sold173,735 61,672 91,445 77,051 403,903 
Gross profit92,969 28,608 36,796 31,438 189,811 
Costs and expenses72,593 18,655 26,090 21,716 139,054 
Operating income20,376 9,953 10,706 9,722 50,757 
Interest income55 2,139 281 98 2,573 
Interest expense(911)(81)(658)(571)(2,221)
Other (expense) income, net(27)141 133 (586)(339)
Income before income taxes19,493 12,152 10,462 8,663 50,770 
Income tax expense5,553 3,201 2,683 2,222 13,659 
Total noncontrolling interest— — (17)— (17)
Total net income attributable to Preformed Line Products Company shareholders$13,940 $8,951 $7,762 $6,441 $37,094 
Year Ended December 31, 2023
PLP-USAThe AmericasEMEAAsia-PacificTotal
Gross sales$387,913 $102,404 $110,661 $126,677 $727,655 
Intersegment sales(9,350)(16,345)(8,531)(23,750)(57,976)
Net sales378,563 86,059 102,130 102,927 669,679 
Less:
Cost of products sold239,603 56,054 65,758 73,416 434,831 
Gross profit138,960 30,005 36,372 29,511 234,848 
Costs and expenses79,289 22,724 28,193 20,488 150,694 
Operating income59,671 7,281 8,179 9,023 84,154 
Interest income— 1,615 125 71 1,811 
Interest expense(1,991)(255)(899)(760)(3,905)
Other income, net54 136 66 28 284 
Income before income taxes57,734 8,777 7,471 8,362 82,344 
Income tax expense12,342 3,022 1,670 1,973 19,007 
Total noncontrolling interest— — (5)— (5)
Total net income attributable to Preformed Line Products Company shareholders$45,392 $5,755 $5,796 $6,389 $63,332 
Year Ended December 31,
202520242023
Expenditure for long-lived assets
PLP-USA$6,049 $6,054 $25,317 
The Americas5,537 2,255 4,861 
EMEA27,350 4,454 2,849 
Asia-Pacific1,965 1,888 2,305 
Total expenditure for long-lived assets$40,901 $14,651 $35,332 
Depreciation and amortization   
PLP-USA$12,819 $11,768 $9,270 
The Americas3,740 3,821 2,702 
EMEA3,895 3,575 3,493 
Asia-Pacific2,967 3,102 3,449 
Total depreciation and amortization$23,421 $22,266 $18,914 
 As of December 31,
 20252024
Identifiable assets  
PLP-USA$276,840 $245,388 
The Americas114,111 103,456 
EMEA165,254 125,013 
Asia-Pacific97,416 100,020 
Total identifiable assets$653,621 $573,877 
Long-lived assets
PLP-USA$113,261 $119,114 
The Americas25,692 20,446 
EMEA49,017 21,243 
Asia-Pacific34,811 34,283 
Total long-lived assets
$222,781 $195,086