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Segment Information (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2024 and 2023. 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,

 

 

 

 

2024

 

 

2023

 

2024

 

 

2023

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

 

$

59,900

 

 

$

96,977

 

$

130,637

 

 

$

194,155

 

The Americas

 

 

 

21,815

 

 

 

21,494

 

 

40,173

 

 

 

44,061

 

EMEA

 

 

 

32,039

 

 

 

37,306

 

 

60,693

 

 

 

76,340

 

Asia-Pacific

 

 

 

24,966

 

 

 

26,036

 

 

48,122

 

 

 

49,081

 

Total net sales

 

 

$

138,720

 

 

$

181,813

 

$

279,625

 

 

$

363,637

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intersegment sales

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

 

$

2,812

 

 

$

9,013

 

$

5,158

 

 

$

20,975

 

The Americas

 

 

 

1,947

 

 

 

4,296

 

 

4,414

 

 

 

8,509

 

EMEA

 

 

 

1,424

 

 

 

1,423

 

 

2,798

 

 

 

2,956

 

Asia-Pacific

 

 

 

3,501

 

 

 

6,094

 

 

7,265

 

 

 

13,103

 

Total intersegment sales

 

 

$

9,684

 

 

$

20,826

 

$

19,635

 

 

$

45,543

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

 

$

20,743

 

 

$

41,234

 

$

45,439

 

 

$

83,341

 

The Americas

 

 

 

6,712

 

 

 

8,198

 

 

11,678

 

 

 

16,185

 

EMEA

 

 

 

9,364

 

 

 

9,518

 

 

17,682

 

 

 

18,765

 

Asia-Pacific

 

 

 

7,454

 

 

 

7,377

 

 

13,606

 

 

 

14,320

 

Total gross profit

 

 

$

44,273

 

 

$

66,327

 

$

88,405

 

 

$

132,611

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Preformed Line Products Company shareholders

 

 

 

 

 

 

 

 

 

 

 

 

PLP-USA

 

 

$

3,345

 

 

$

14,887

 

$

8,661

 

 

$

31,683

 

The Americas

 

 

 

1,796

 

 

 

2,750

 

 

2,693

 

 

 

4,639

 

EMEA

 

 

 

2,975

 

 

 

1,876

 

 

4,555

 

 

 

3,537

 

Asia-Pacific

 

 

 

1,250

 

 

 

959

 

 

3,053

 

 

 

2,011

 

Total net income attributable to Preformed Line Products Company shareholders

 

 

$

9,366

 

 

$

20,472

 

$

18,962

 

 

$

41,870