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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summary of Company's Reportable Segments

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