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Business Segment Information
 9 Months Ended
Sep. 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 nine months ended September 30, 2022 and 2021. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.

 

 

 

Three Months Ended September 30

 

 

Nine Months Ended September 30

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

88,960

 

 

$

66,891

 

 

$

248,307

 

 

$

185,208

 

The Americas

 

 

23,780

 

 

 

18,084

 

 

 

65,179

 

 

 

54,230

 

EMEA

 

 

31,139

 

 

 

26,619

 

 

 

91,456

 

 

 

77,452

 

Asia-Pacific

 

 

21,523

 

 

 

23,786

 

 

 

62,155

 

 

 

69,081

 

Total net sales

 

$

165,402

 

 

$

135,380

 

 

$

467,097

 

 

$

385,971

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

7,515

 

 

$

2,947

 

 

$

18,465

 

 

$

9,112

 

The Americas

 

 

4,899

 

 

 

2,556

 

 

 

11,756

 

 

 

7,178

 

EMEA

 

 

992

 

 

 

564

 

 

 

2,563

 

 

 

2,496

 

Asia-Pacific

 

 

8,957

 

 

 

6,533

 

 

 

23,703

 

 

 

14,997

 

Total intersegment sales

 

$

22,363

 

 

$

12,600

 

 

$

56,487

 

 

$

33,783

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

34,547

 

 

$

22,589

 

 

$

90,751

 

 

$

66,493

 

The Americas

 

 

10,124

 

 

 

6,283

 

 

 

23,456

 

 

 

17,719

 

EMEA

 

 

7,445

 

 

 

7,522

 

 

 

21,777

 

 

 

23,981

 

Asia-Pacific

 

 

6,177

 

 

 

6,769

 

 

 

16,966

 

 

 

18,201

 

Gross profit

 

$

58,293

 

 

$

43,163

 

 

$

152,950

 

 

$

126,394

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Preformed Line Products Company shareholders

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

$

10,802

 

 

$

6,688

 

 

$

33,404

 

 

$

18,583

 

The Americas

 

 

5,450

 

 

 

2,474

 

 

 

8,016

 

 

 

5,627

 

EMEA

 

 

1,218

 

 

 

697

 

 

 

2,794

 

 

 

2,935

 

Asia-Pacific

 

 

(5,583

)

 

 

849

 

 

 

(6,330

)

 

 

(390

)

Total net income attributable to Preformed Line Products Company shareholders

 

$

11,887

 

 

$

10,708

 

 

$

37,884

 

 

$

26,755