Company: PLPC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000080035-25-000022
Chunk: 10

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 control of promised goods or services have transferred to our customers. Control is transferred when the customer has the ability to direct the use of and obtain benefits from the goods 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 September 30, 2025Product TypePLP-USAThe AmericasEMEAAsia-PacificConsolidatedEnergy60%84%75%73%69%Communications34%15%20%2%23%Special Industries6%1%5%25%8%Total100%100%100%100%100%Three Months Ended September 30, 2024Product TypePLP-USAThe AmericasEMEAAsia-PacificConsolidatedEnergy61%79%71%78%70%Communications32%18%24%3%23%Special Industries7%3%5%19%7%Total100%100%100%100%100%Nine Months Ended September 30, 2025Product TypePLP-USAThe AmericasEMEAAsia-PacificConsolidatedEnergy61%84%73%75%68%Communications34%15%20%3%23%Special Industries5%1%7%22%8%Total100%100%100%100%99%Nine Months Ended September 30, 2024Product TypePLP-USAThe AmericasEMEAAsia-PacificConsolidatedEnergy64%78%71%77%71%Communications30%20%24%3%22%Special Industries6%2%5%20%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 

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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:Nine Months Ended September 30,20252024Allowance