Company: PLPC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021769
Chunk: 15

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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$1.94 

See notes to consolidated financial statements (unaudited).

4

PREFORMED LINE PRODUCTS COMPANY

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME

(UNAUDITED) 

Three Months Ended March 31,20252024(Thousands of dollars)Net income$11,553 $9,603 Other comprehensive income (loss), net of tax:Foreign currency translation adjustment6,671 (6,565)Pension adjustment, net of tax123 89 Other comprehensive income (loss), net of tax6,794 (6,476)Comprehensive income attributable to noncontrolling interests(36)(7)COMPREHENSIVE INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS$18,311 $3,120 

See notes to consolidated financial statements (unaudited). 

5

PREFORMED LINE PRODUCTS COMPANY

STATEMENTS OF CONSOLIDATED CASH FLOWS

(UNAUDITED) 

Three Months Ended March 31,20252024(Thousands of dollars)OPERATING ACTIVITIESNet income$11,553 $9,603 Adjustments to reconcile net income to net cash provided by operations:Depreciation and amortization5,397 5,414 Deferred income taxes(479)(386)Share-based compensation expense892 383 Gain on sale of property and equipment(37)(1,843)Other, net(228)1,230 Changes in operating assets and liabilities(11,443)(8,648)NET CASH PROVIDED BY OPERATING ACTIVITIES5,655 5,753 INVESTING ACTIVITIESCapital expenditures(10,976)(3,918)Proceeds from the sale of property and equipment91 3,237 Proceeds from sale of investments1,679 — Purchases of investments(451)— NET CASH USED IN INVESTING ACTIVITIES(9,657)(681)FINANCING ACTIVITIESPayments of notes payable to banks(1,966)(5,307)Proceeds from long-term debt8,628 33,232 Payments of long-term debt(777)(33,069)Dividends paid(1,164)(1,130)Proceeds from issuance of common shares68 60 Stock incentive plan payments(3,799)— Purchase of common shares for treasury(131)— Purchase of common shares for treasury from