Company: PLPC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021769
Chunk: 14

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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594)(9,575)Deferred compensation liability9,594 9,575 Paid-in capital62,205 65,093 Retained earnings563,678 553,179 Treasury shares, at cost, 1,969,354 and 1,961,772 shares at March 31, 2025 and December 31, 2024, respectively(127,812)(126,800)Accumulated other comprehensive loss(76,115)(82,909)TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY435,776 422,315 Noncontrolling interest45 9 TOTAL SHAREHOLDERS' EQUITY435,821 422,324 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$592,451 $573,877 

See notes to consolidated financial statements (unaudited).

3

PREFORMED LINE PRODUCTS COMPANY

STATEMENTS OF CONSOLIDATED INCOME

(UNAUDITED)

Three Months Ended March 31,20252024(Thousands, except per share data)Net sales$148,541 $140,904 Cost of products sold99,870 96,773 GROSS PROFIT48,671 44,131 Costs and expensesSelling12,181 11,900 General and administrative17,626 16,608 Research and engineering5,479 5,431 Other operating expense (income), net255 (1,367)35,541 32,572 OPERATING INCOME13,130 11,559 Other income (expense)Interest income510 972 Interest expense(376)(708)Other income, net407 35 541 299 INCOME BEFORE INCOME TAXES13,671 11,858 Income tax expense2,118 2,255 NET INCOME$11,553 $9,603 Net income attributable to noncontrolling interests(36)(7)NET INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS$11,517 $9,596 AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING:Basic4,9284,915Diluted4,9504,944EARNINGS PER SHARE OF COMMON STOCK ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS:Basic$2.34 $1.95 Diluted$2.33