Segment Information

6 Months Ended

Jun. 30, 2025

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 gross 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- and six-month periods ended June 30, 2025 and 2024. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.


	Three Months Ended June 30, 2025
	PLP-USA		The Americas		EMEA		Asia-Pacific		Total
Gross sales	$	81,703	$	30,856	$	33,575	$	34,673	$	180,807
Intersegment sales	(2,413)		(2,348)		(1,665)		(4,780)		(11,206)
Net sales	79,290		28,508		31,910		29,893		169,601
Less:
Cost of products sold	51,228		20,084		22,399		20,491		114,202
Gross profit	28,062		8,424		9,511		9,402		55,399
Costs and expenses	17,413		6,736		7,950		6,176		38,275
Operating Income	10,649		1,688		1,561		3,226		17,124
Interest income	102		182		70		30		384
Interest expense	(10)		(26)		(164)		(118)		(318)
Other (expense) income, net	(204)		42		248		30		116
Income before income taxes	10,537		1,886		1,715		3,168		17,306
Income tax expense	2,792		584		353		877		4,606
Total noncontrolling interest	—		—		5		—		5
Total net income attributable to Preformed Line Products Company shareholders	$	7,745	$	1,302	$	1,367	$	2,291	$	12,705

	Three Months Ended June 30, 2024
	PLP-USA		The Americas		EMEA		Asia-Pacific		Total
Gross sales	$	62,712	$	23,762	$	33,463	$	28,467	$	148,404
Intersegment sales	2,812		1,947		1,424		3,501		9,684
Net sales	59,900		21,815		32,039		24,966		138,720
Less:
Cost of products sold	39,157		15,103		22,675		17,512		94,447
Gross profit	20,743		6,712		9,364		7,454		44,273
Costs and expenses	16,939		4,644		5,388		6,010		32,981
Operating Income	3,804		2,068		3,976		1,444		11,292
Interest income	—		279		50		18		346
Interest expense	(251)		(36)		(149)		(133)		(568)
Other (expense) income, net	(19)		56		54		—		91
Income before income taxes	3,534		2,367		3,931		1,329		11,161
Income tax expense	189		572		954		79		1,794
Total noncontrolling interest	—		—		(1)		—		(1)
Total net income attributable to Preformed Line Products Company shareholders	$	3,345	$	1,796	$	2,975	$	1,250	$	9,366


	Six Months Ended June 30, 2025
	PLP-USA		The Americas		EMEA		Asia-Pacific		Total
Gross sales	$	158,123	$	55,314	$	65,152	$	59,678	$	338,267
Intersegment sales	(4,827)		(4,527)		(3,249)		(7,522)		(20,125)
Net sales	153,296		50,787		61,903		52,156		318,142
Less:
Cost of products sold	98,396		35,276		43,515		36,885		214,072
Gross profit	54,900		15,511		18,388		15,271		104,070
Costs and expenses	34,567		12,224		15,300		11,725		73,816
Operating income	20,333		3,287		3,088		3,546		30,254
Interest income	181		520		125		68		894
Interest expense	(95)		(33)		(315)		(251)		(694)
Other (expense) income, net	(403)		73		270		583		523
Income before income taxes	20,016		3,847		3,168		3,946		30,977
Income tax expense	3,834		1,149		582		1,159		6,724
Total noncontrolling interest	—		—		(31)		—		(31)
Total net income attributable to Preformed Line Products Company shareholders	$	16,182	$	2,698	$	2,555	$	2,787	$	24,222

	Six Months Ended June 30, 2024
	PLP-USA		The Americas		EMEA		Asia-Pacific		Total
Gross sales	$	135,795	$	44,587	$	63,491	$	55,387	$	299,260
Intersegment sales	(5,158)		(4,414)		(2,798)		(7,265)		(19,635)
Net sales	130,637		40,173		60,693		48,122		279,625
Less:
Cost of products sold	85,198		28,496		43,012		34,515		191,220
Gross profit	45,439		11,678		17,682		13,606		88,405
Costs and expenses	35,102		9,364		11,519		9,569		65,554
Operating income	10,337		2,314		6,163		4,037		22,851
Interest income	—		1,194		86		38		1,318
Interest expense	(684)		(47)		(304)		(241)		(1,276)
Other (expense) income, net	(29)		74		79		2		126
Income before income taxes	9,624		3,535		6,024		3,836		23,019
Income tax expense	961		842		1,462		784		4,049
Total noncontrolling interest	—		—		(8)		—		(8)
Total net income attributable to Preformed Line Products Company shareholders	$	8,661	$	2,693	$	4,555	$	3,053	$	18,962


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Expenditure for long-lived assets
PLP-USA	$	2,213	$	2,210	$	2,914	$	4,504
The Americas	717		377		1,799		1,082
EMEA	4,742		739		13,499		1,507
Asia-Pacific	707		402		1,142		553
Total expenditure for long-lived assets	$	8,379	$	3,728	$	19,354	$	7,646


Depreciation and amortization
PLP-USA	$	3,118	$	2,929	$	6,257	$	5,715
The Americas	880		834		1,687		2,203
EMEA	970		827		1,838		1,663
Asia-Pacific	760		731		1,471		1,447
Total depreciation and amortization	$	5,728	$	5,321	$	11,253	$	11,028


	June 30, 2025		December 31, 2024
Identifiable assets
PLP-USA	$	256,013	$	245,388
The Americas	113,229		103,456
EMEA	156,931		125,013
Asia-Pacific	105,288		100,020
Total identifiable assets	$	631,461	$	573,877


Long-lived assets
PLP-USA	$	115,874	$	119,114
The Americas	24,485		20,446
EMEA	36,455		21,243
Asia-Pacific	35,109		34,283
Total long-lived assets	$	211,923	$	195,086

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

PREFORMED LINE PRODUCTS CO 10-Q