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Business Segment Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Business Segment Information

NOTE K – BUSINESS SEGMENT INFORMATION

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance.

The following tables present a summary of the Company’s reportable operating segments for the three and six months ended June 30, 2022 and 2021. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.

 

 

 

Three Months Ended June 30

 

 

Six Months Ended June 30

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

83,422

 

 

$

62,087

 

 

$

159,347

 

 

$

118,316

 

The Americas

 

 

22,436

 

 

 

18,625

 

 

 

41,399

 

 

 

36,146

 

EMEA

 

 

32,845

 

 

 

27,352

 

 

 

60,317

 

 

 

50,834

 

Asia-Pacific

 

 

24,768

 

 

 

24,974

 

 

 

40,631

 

 

 

45,295

 

Total net sales

 

$

163,471

 

 

$

133,038

 

 

$

301,694

 

 

$

250,591

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

6,830

 

 

$

3,779

 

 

$

10,950

 

 

$

6,164

 

The Americas

 

 

4,142

 

 

 

2,556

 

 

 

6,857

 

 

 

4,622

 

EMEA

 

 

884

 

 

 

1,421

 

 

 

1,570

 

 

 

1,932

 

Asia-Pacific

 

 

8,064

 

 

 

4,812

 

 

 

14,748

 

 

 

8,465

 

Total intersegment sales

 

$

19,920

 

 

$

12,568

 

 

$

34,125

 

 

$

21,183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

29,940

 

 

$

22,826

 

 

$

56,204

 

 

$

43,904

 

The Americas

 

 

7,967

 

 

 

5,892

 

 

 

13,332

 

 

 

11,435

 

EMEA

 

 

7,958

 

 

 

8,325

 

 

 

14,332

 

 

 

16,459

 

Asia-Pacific

 

 

6,841

 

 

 

5,996

 

 

 

10,789

 

 

 

11,433

 

Gross profit

 

$

52,706

 

 

$

43,039

 

 

$

94,657

 

 

$

83,231

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Preformed Line Products Company shareholders

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

9,360

 

 

$

6,319

 

 

$

22,602

 

 

$

11,895

 

The Americas

 

 

2,637

 

 

 

1,962

 

 

 

2,566

 

 

 

3,153

 

EMEA

 

 

1,293

 

 

 

1,043

 

 

 

1,576

 

 

 

2,239

 

Asia-Pacific

 

 

422

 

 

 

(455

)

 

 

(747

)

 

 

(1,239

)

Total net income attributable to Preformed Line Products Company shareholders

 

$

13,712

 

 

$

8,869

 

 

$

25,997

 

 

$

16,048