Company: PLPC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021769
Chunk: 20

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 or services and is primarily based on shipping terms. Sales are measured as the amount of consideration the Company expects to receive in exchange for transferring products. Disaggregated RevenueThe Company’s revenues by segment and product type are as follows:Three Months Ended March 31, 2025Product TypePLP-USAThe AmericasEMEAAsia-PacificConsolidatedEnergy60%84%75%76%69%Communications35%15%22%3%25%Special Industries5%1%3%21%6%Total100%100%100%100%100%Three Months Ended March 31, 2024Product TypePLP-USAThe AmericasEMEAAsia-PacificConsolidatedEnergy67%74%70%76%70%Communications28%25%24%3%23%Special Industries5%1%6%21%7%Total100%100%100%100%100%Credit Losses for ReceivablesThe Company maintains an allowance for credit losses for estimated losses resulting from the inability of its customers to make required payments. The Company uses a current expected credit loss model in order to immediately recognize an estimate of credit losses that are expected to occur over the life of the financial instruments, mainly trade receivables. Additionally, the allowance is based upon identified delinquent accounts, customer payment patterns and other analyses of historical data trends. Receivable balances are written off against an allowance for credit losses after a final determination has been made. The change in the allowance for credit losses includes expense and net write-offs, which are identified in the following table:Three Months Ended March 31,20252024Allowance for credit losses, beginning of period$6,958 $8,260 (Reductions) additions charged to costs and expenses(67)66 Write-offs— (6)Foreign exchange and other13 (131)Allowance for credit losses, end of period$6,904 $8,189 

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NOTE 3 - INVENTORIES, NETInventories, netInventory is carried at lower of cost or net realizable value. The components of inventory are as follows:March 31, 2025December 31, 2024Raw materials$74,990 $75,138 Work-in-process15,475 12,225 Finished products55,379 52,792 Inventories, net of excess and obsolete inventory reserve145,844 140,155 Excess of current cost over