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Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
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 months ended March 31, 2023 and 2022. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Net sales

 

 

 

 

 

 

PLP-USA

 

$

97,177

 

 

$

75,924

 

The Americas

 

 

22,568

 

 

 

18,963

 

EMEA

 

 

39,034

 

 

 

27,472

 

Asia-Pacific

 

 

23,045

 

 

 

15,864

 

Total net sales

 

$

181,824

 

 

$

138,223

 

 

 

 

 

 

 

 

Intersegment sales

 

 

 

 

 

 

PLP-USA

 

$

11,962

 

 

$

4,120

 

The Americas

 

 

4,213

 

 

 

2,714

 

EMEA

 

 

1,533

 

 

 

686

 

Asia-Pacific

 

 

7,009

 

 

 

6,684

 

Total intersegment sales

 

$

24,717

 

 

$

14,204

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

PLP-USA

 

$

42,106

 

 

$

26,264

 

The Americas

 

 

7,987

 

 

 

5,365

 

EMEA

 

 

9,247

 

 

 

6,374

 

Asia-Pacific

 

 

6,943

 

 

 

3,948

 

Total gross profit

 

$

66,283

 

 

$

41,951

 

 

 

 

 

 

 

 

Net income attributable to Preformed Line Products Company shareholders

 

 

 

 

 

 

PLP-USA

 

$

16,796

 

 

$

13,239

 

The Americas

 

 

1,889

 

 

 

(71

)

EMEA

 

 

1,661

 

 

 

282

 

Asia-Pacific

 

 

1,052

 

 

 

(1,165

)

Total net income attributable to Preformed Line Products Company shareholders

 

$

21,398

 

 

$

12,285