Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 32

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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Other income, net723 0.2 168 0.1 555 INCOME BEFORE INCOME TAXES30,977 9.7 23,019 8.2 7,958 Income taxes6,724 2.1 4,049 1.4 2,675 NET INCOME24,253 7.6 18,970 6.8 5,283 Net income attributable to noncontrolling interests(31)(0.0)(8)(0.0)(23)NET INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS$24,222 7.6 %$18,962 6.8 %$5,260 

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Net sales. In 2025, net sales were $318.1 million, an increase of $38.5 million, or 14%, compared to 2024. Excluding the effect of currency translation, net sales increased 16% as summarized in the following table:

Six Months Ended June 30,(Thousands of dollars)20252024ChangeChange Due to Currency TranslationChange Excluding Currency Translation% ChangeNet salesPLP-USA$153,296 $130,637 $22,659 $— $22,659 17 %The Americas50,787 40,173 10,614 (5,270)15,884 40 %EMEA61,903 60,693 1,210 1,081 129 — %Asia-Pacific52,156 48,122 4,034 (740)4,774 10 %Consolidated$318,142 $279,625 $38,517 $(4,929)$43,446 16 %

The increase in PLP-USA net sales of $22.7 million, or 17%, was primarily due to higher volumes in energy and communications product sales. International net sales for the six months ended June 30, 2025 were unfavorably affected by $4.9 million when local currencies were converted to U.S. dollars. The following discussion of changes in net sales excludes the effect of currency translation. The Americas net sales of $50.8 million increased $15.9 million, or 40%, primarily due to an increase in energy product sales. EMEA net sales of $61.9 million increased $0.1 million, primarily due to