Company: PLPC
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001628280-25-012640
Chunk: 61

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 61
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 ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS$37,094 $63,332 $54,395 AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING:      Basic4,9084,9204,931Diluted4,9474,9974,999EARNINGS PER SHARE OF COMMON STOCK ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS:      Basic$7.56 $12.87 $11.03 Diluted$7.50 $12.68 $10.88 

See notes to consolidated financial statements.

30

PREFORMED LINE PRODUCTS COMPANY

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME 

 Year Ended December 31, 202420232022 (Thousands of dollars)Net income$37,111 $63,337 $54,399 Other comprehensive (loss) income, net of tax:      Foreign currency translation adjustment(21,708)9,667 (9,272)Pension adjustment, net of tax(895)14 1,004 Other comprehensive (loss) income, net of tax(22,603)9,681 (8,268)Comprehensive income attributable to noncontrolling interests(17)(5)(4)COMPREHENSIVE INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS$14,491 $73,013 $46,127 

See notes to consolidated financial statements.

31

 PREFORMED LINE PRODUCTS COMPANY

STATEMENTS OF CONSOLIDATED CASH FLOWS

 Year Ended December 31, 202420232022 (Thousands of dollars)OPERATING ACTIVITIES      Net income$37,111 $63,337 $54,399 Adjustments to reconcile net income to net cash provided by operations:      Depreciation and amortization20,830 18,914 16,430 Provision for accounts receivable allowances(875)3,441 2,169 Provision for inventory reserves4,498 8,081 2,352 Deferred income taxes1,084 (2,232)(2,656)Share-based compensation expense3,412 4,948 4,596 Goodwill impairment— — 6,529 Gain from company owned life insurance policy— —