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Segment Information | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | NOTE 13 - SEGMENT INFORMATION The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in FASB ASC 280, "Segment Reporting". Each segment distributes a full range of the Company’s primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Company’s traditional products primarily supporting domestic energy, telecommunications and special industries products. The other three segments, The Americas, EMEA and Asia-Pacific, support the Company’s energy, telecommunications, data communication and special industries products in each respective geographical region. The segment managers responsible for each region report directly to the Company’s Executive Chairman, who is the CODM, and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire Company rather than the results of any individual business component of the segment. The amount of each segment’s performance reported to the CODM is for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on gross sales and income before income taxes. The CODM uses both gross sales and income before income taxes for each segment predominantly in the annual budget and forecasting process as well as monitoring actual results. The CODM considers forecast-to-actual and actual to prior period variances for both measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment sales and income before income taxes for the performance of each segment by comparing the results of each segment with one another and in determining the incentive compensation of certain employees. The following tables present a summary of the Company’s reportable segments for the three months ended March 31, 2025 and 2024. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.
| Three Months Ended March 31, 2025
| PLP-USA |  | The Americas |  | EMEA |  | Asia-Pacific |  | Total
Gross sales | $ | 76,420 |  |  | $ | 24,458 |  |  | $ | 31,577 |  |  | $ | 25,005 |  |  | $ | 157,460 |
Intersegment sales | (2,414) |  |  | (2,179) |  |  | (1,584) |  |  | (2,742) |  |  | (8,919) |
Net sales | 74,006 |  |  | 22,279 |  |  | 29,993 |  |  | 22,263 |  |  | 148,541 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 47,168 |  |  | 15,192 |  |  | 21,116 |  |  | 16,394 |  |  | 99,870 |
Gross profit | 26,838 |  |  | 7,087 |  |  | 8,877 |  |  | 5,869 |  |  | 48,671 |
Costs and expenses | 17,154 |  |  | 5,488 |  |  | 7,350 |  |  | 5,549 |  |  | 35,541 |
Operating income | 9,684 |  |  | 1,599 |  |  | 1,527 |  |  | 320 |  |  | 13,130 |
Interest income | 79 |  |  | 338 |  |  | 55 |  |  | 38 |  |  | 510 |
Interest expense | (85) |  |  | (7) |  |  | (151) |  |  | (133) |  |  | (376) |
Other (expense) income, net | (199) |  |  | 31 |  |  | 22 |  |  | 553 |  |  | 407 |
Income before income taxes | 9,479 |  |  | 1,961 |  |  | 1,453 |  |  | 778 |  |  | 13,671 |
Income tax expense | 1,042 |  |  | 565 |  |  | 229 |  |  | 282 |  |  | 2,118 |
Total noncontrolling interest | — |  |  | — |  |  | (36) |  |  | — |  |  | (36) |
Total net income attributable to Preformed Line Products Company shareholders | $ | 8,437 |  |  | $ | 1,396 |  |  | $ | 1,188 |  |  | $ | 496 |  |  | $ | 11,517 |
| Three Months Ended March 31, 2024
| PLP-USA |  | The Americas |  | EMEA |  | Asia-Pacific |  | Total
Gross sales | $ | 73,083 |  |  | $ | 20,825 |  |  | $ | 30,028 |  |  | $ | 26,919 |  |  | $ | 150,855 |
Intersegment sales | (2,346) |  |  | (2,467) |  |  | (1,374) |  |  | (3,764) |  |  | (9,951) |
Net sales | 70,737 |  |  | 18,358 |  |  | 28,654 |  |  | 23,155 |  |  | 140,904 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 46,041 |  |  | 13,393 |  |  | 20,336 |  |  | 17,003 |  |  | 96,773 |
Gross profit | 24,696 |  |  | 4,965 |  |  | 8,318 |  |  | 6,152 |  |  | 44,131 |
Costs and expenses | 18,164 |  |  | 4,721 |  |  | 6,129 |  |  | 3,558 |  |  | 32,572 |
Operating income | 6,532 |  |  | 244 |  |  | 2,189 |  |  | 2,594 |  |  | 11,559 |
Interest income | — |  |  | 915 |  |  | 37 |  |  | 20 |  |  | 972 |
Interest expense | (433) |  |  | (11) |  |  | (157) |  |  | (107) |  |  | (708) |
Other (expense) income, net | (10) |  |  | 18 |  |  | 26 |  |  | 1 |  |  | 35 |
Income before income taxes | 6,089 |  |  | 1,166 |  |  | 2,095 |  |  | 2,508 |  |  | 11,858 |
Income tax expense | 772 |  |  | 269 |  |  | 509 |  |  | 705 |  |  | 2,255 |
Total noncontrolling interest | — |  |  | — |  |  | (7) |  |  | — |  |  | (7) |
Total net income attributable to Preformed Line Products Company shareholders | $ | 5,317 |  |  | $ | 897 |  |  | $ | 1,579 |  |  | $ | 1,803 |  |  | $ | 9,596 |
| Three Months Ended March 31,
| 2025 |  | 2024 |  |
Expenditure for long-lived assets |  |  |  |  |
PLP-USA | $ | 702 |  |  | $ | 2,293 |  |  |
The Americas | 1,082 |  |  | 705 |  |  |
EMEA | 8,757 |  |  | 768 |  |  |
Asia-Pacific | 435 |  |  | 152 |  |  |
Total expenditure for long-lived assets | $ | 10,976 |  |  | $ | 3,918 |  |  |
Depreciation and amortization |  |  |  |  |
PLP-USA | $ | 3,099 |  |  | $ | 2,785 |  |  |
The Americas | 805 |  |  | 1,371 |  |  |
EMEA | 905 |  |  | 875 |  |  |
Asia-Pacific | 751 |  |  | 761 |  |  |
Total depreciation and amortization | $ | 5,560 |  |  | $ | 5,792 |  |  |
| March 31, 2025 |  | December 31, 2024
Identifiable assets |  |  |
PLP-USA | $ | 243,401 |  |  | $ | 245,388 |
The Americas | 108,370 |  |  | 103,456 |
EMEA | 141,811 |  |  | 125,013 |
Asia-Pacific | 98,869 |  |  | 100,020 |
Total identifiable assets | $ | 592,451 |  |  | $ | 573,877 |
Long-lived assets |  |  |
PLP-USA | $ | 117,245 |  |  | $ | 119,114 |
The Americas | 21,374 |  |  | 20,446 |
EMEA | 30,215 |  |  | 21,243 |
Asia-Pacific | 34,249 |  |  | 34,283 |
Total long-lived assets | $ | 203,083 |  |  | $ | 195,086 |

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- Definition The entire disclosure for reporting segments including data and tables. 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