XML 39 R32.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024 and 2023. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.

 

 

 

 

Three Months Ended March 31,

 

 

 

 

2024

 

 

2023

 

Net sales

 

 

 

 

 

 

 

PLP-USA

 

 

$

70,737

 

 

$

97,177

 

The Americas

 

 

 

18,358

 

 

 

22,568

 

EMEA

 

 

 

28,654

 

 

 

39,034

 

Asia-Pacific

 

 

 

23,155

 

 

 

23,045

 

Total net sales

 

 

$

140,904

 

 

$

181,824

 

 

 

 

 

 

 

 

 

Intersegment sales

 

 

 

 

 

 

 

PLP-USA

 

 

$

2,346

 

 

$

11,962

 

The Americas

 

 

 

2,467

 

 

 

4,213

 

EMEA

 

 

 

1,374

 

 

 

1,533

 

Asia-Pacific

 

 

 

3,764

 

 

 

7,009

 

Total intersegment sales

 

 

$

9,951

 

 

$

24,717

 

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

 

PLP-USA

 

 

$

24,696

 

 

$

42,106

 

The Americas

 

 

 

4,965

 

 

 

7,987

 

EMEA

 

 

 

8,318

 

 

 

9,247

 

Asia-Pacific

 

 

 

6,152

 

 

 

6,943

 

Total gross profit

 

 

$

44,131

 

 

$

66,283

 

 

 

 

 

 

 

 

 

Net income attributable to Preformed Line Products Company shareholders

 

 

 

 

 

 

 

PLP-USA

 

 

$

5,317

 

 

$

16,796

 

The Americas

 

 

 

897

 

 

 

1,889

 

EMEA

 

 

 

1,579

 

 

 

1,661

 

Asia-Pacific

 

 

 

1,803

 

 

 

1,052

 

Total net income attributable to Preformed Line Products Company shareholders

 

 

$

9,596

 

 

$

21,398