Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 9

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 2024Product TypePLP-USAThe AmericasEMEAAsia-PacificConsolidatedEnergy63%80%71%79%71%Communications30%18%24%4%22%Special Industries7%2%5%17%7%Total100%100%100%100%100%Six Months Ended June 30, 2025Product TypePLP-USAThe AmericasEMEAAsia-PacificConsolidatedEnergy61%84%71%76%70%Communications34%15%21%3%23%Special Industries5%1%8%21%7%Total100%100%100%100%100%Six Months Ended June 30, 2024Product TypePLP-USAThe AmericasEMEAAsia-PacificConsolidatedEnergy66%78%71%78%71%Communications28%21%24%4%22%Special Industries6%1%5%18%7%Total100%100%100%100%100%

10

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:Six Months Ended June 30,20252024Allowance for credit losses, beginning of period$6,958 $8,260 Additions (reductions) charged to costs and expenses296 (1,409)Write-offs(141)(199)Foreign exchange and other50 (329)Allowance for credit losses, end of period$7,163 $6,323 

NOTE 3 - INVENTORIES, NETInventories, netInventory is carried at lower of cost or net realizable value. The components of inventory are as follows:June 30, 2025December 31, 2024Raw materials$86,143 $75,138 Work-in-process16,911 12,225 Finished products52,956 52,792 Inventories