Company: PLPC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000080035-25-000022
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Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. FINANCIAL STATEMENTS

PREFORMED LINE PRODUCTS COMPANY

CONSOLIDATED BALANCE SHEETS

September 30, 2025December 31, 2024(Thousands of dollars, except share and per share data)(Unaudited)ASSETSCash, cash equivalents and restricted cash$72,946 $57,244 Accounts receivable, net120,794 111,402 Inventories, net146,089 129,913 Prepaid expenses14,117 11,720 Other current assets6,330 5,514 TOTAL CURRENT ASSETS360,276 315,793 Property, plant and equipment, net217,781 195,086 Operating lease, right-of-use assets9,932 10,117 Goodwill30,480 26,685 Other intangible assets, net9,672 9,656 Deferred income taxes7,310 6,546 Other assets9,172 9,994 TOTAL ASSETS$644,623 $573,877 LIABILITIES AND SHAREHOLDERS' EQUITYTrade accounts payable$48,858 $41,951 Notes payable to banks2,847 7,782 Operating lease liabilities, current1,804 1,588 Current portion of long-term debt4,660 2,430 Accrued compensation and other benefits30,728 25,904 Accrued expenses and other liabilities24,452 25,503 Dividends payable1,198 1,293 Income taxes payable1,896 1,962 TOTAL CURRENT LIABILITIES116,443 108,413 Long-term debt, less current portion31,346 18,357 Operating lease liabilities, noncurrent6,180 6,538 Deferred income taxes5,655 3,766 Other noncurrent liabilities18,661 14,479 SHAREHOLDERS' EQUITYCommon shares $2 par value per share, 15,000,000 shares authorized, 4,901,871 and 4,913,621 issued and outstanding, at September 30, 2025 and December 31, 202413,831 13,752 Common shares issued to rabbi trust, 222,506 and 222,887 shares at September 30, 2025 and December 31, 2024, respectively(9,586