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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Company's Reportable Segments

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

Summary of Company's Long-Lived Assets by Segment

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

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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