Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 33

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 higher volume in energy product sales. Asia-Pacific net sales of $52.2 million increased $4.8 million, or 10%, primarily due to volume increases in energy product and special industries sales. 

Gross profit. Gross profit of $104.1 million for 2025 increased $15.7 million, or 18%, compared to 2024. Excluding the effect of currency translation, gross profit increased $17.2 million, or 19%, as summarized in the following table:

Six Months Ended June 30,(Thousands of dollars)20252024ChangeChange Due to Currency TranslationChange Excluding Currency Translation% ChangeGross profitPLP-USA$54,900 $45,439 $9,461 $— $9,461 21 %The Americas15,511 11,678 3,833 (1,640)5,473 47 %EMEA18,388 17,682 706 357 349 2 %Asia-Pacific15,271 13,606 1,665 (231)1,896 14 %Consolidated$104,070 $88,405 $15,665 $(1,514)$17,179 19 %

PLP-USA gross profit of $54.9 million increased by $9.5 million, or 21%, compared to the same period in 2024, primarily due to higher sales volumes and favorable product mix, partially offset by higher tariff and manufacturing costs. International gross profit for the period ended June 30, 2025 was unfavorably impacted by $1.5 million when local currencies were translated to U.S. dollars. The following discussion of gross profit changes excludes the effects of currency translation. The Americas gross profit increased $5.5 million, or 47%, which was primarily the result of higher sales volumes and favorable product mix. EMEA gross profit increased $0.3 million, or 2%, primarily due to favorable product mix. Asia-Pacific gross profit increased $1.9 million, or 14%, which was primarily driven by higher sales volume and favorable product mix. 

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Costs and expenses. Costs and expenses of $73.8 million for the six months ended June 30, 2025 increased $8.3 million, or 13%, when compared to 2024. Excluding the effect of currency translation and intercompany transactions, costs and expenses increased $9.2 million