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Segment Information
 3 Months Ended
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-USAThe AmericasEMEAAsia-PacificTotal
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 expenses17,154 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 taxes9,479 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-USAThe AmericasEMEAAsia-PacificTotal
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 sales70,737 18,358 28,654 23,155 140,904 
Less:
Cost of products sold46,041 13,393 20,336 17,003 96,773 
Gross profit24,696 4,965 8,318 6,152 44,131 
Costs and expenses18,164 4,721 6,129 3,558 32,572 
Operating income6,532 244 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 taxes6,089 1,166 2,095 2,508 11,858 
Income tax expense772 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,
20252024
Expenditure for long-lived assets
PLP-USA$702 $2,293 
The Americas1,082 705 
EMEA8,757 768 
Asia-Pacific435 152 
Total expenditure for long-lived assets$10,976 $3,918 
Depreciation and amortization
PLP-USA$3,099 $2,785 
The Americas805 1,371 
EMEA905 875 
Asia-Pacific751 761 
Total depreciation and amortization$5,560 $5,792 
March 31, 2025December 31, 2024
Identifiable assets
PLP-USA$243,401 $245,388 
The Americas108,370 103,456 
EMEA141,811 125,013 
Asia-Pacific98,869 100,020 
Total identifiable assets$592,451 $573,877 
Long-lived assets
PLP-USA$117,245 $119,114 
The Americas21,374 20,446 
EMEA30,215 21,243 
Asia-Pacific34,249 34,283 
Total long-lived assets
$203,083 $195,086