Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 34

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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, or 14%, as summarized in the following table:

Six Months Ended June 30,(Thousands of dollars)20252024ChangeChange Due to Currency TranslationChange Due to Intercompany TransactionsChange Excluding Currency and Intercompany Transactions% ChangeCosts and expensesPLP-USA$34,567 $35,102 $(535)$— $(3,553)$3,018 9 %The Americas12,224 9,364 2,860 (1,016)1,921 1,955 21 %EMEA15,300 11,519 3,781 237 900 2,644 23 %Asia-Pacific11,725 9,569 2,156 (121)732 1,545 16 %Consolidated$73,816 $65,554 $8,262 $(900)$— $9,162 14 %

PLP-USA costs and expenses of $34.6 million increased $3.0 million, or 9% year-over-year. PLP-USA’s increase was primarily attributable to higher selling costs and personnel costs. International costs and expenses for the six months ended June 30, 2025 were favorably impacted by $0.9 million when local currencies were translated to U.S. dollars and unfavorably impacted by intercompany transactions with PLP-USA. The following discussion of costs and expenses excludes the effect of currency translation and intercompany transactions. The Americas costs and expenses of $12.2 million increased $2.0 million primarily due to an increase in personnel costs and the impact of foreign currency remeasurement. EMEA costs and expenses of $15.3 million increased by $2.6 million primarily due to higher personnel cost and a recovery of bad debt in the second quarter of 2024 that did not recur. Asia-Pacific costs and expenses of $11.7 million increased $1.5 million primarily due to a gain on the sale of capital assets in the first quarter of 2024 that did not recur.

Other income, net. Other income, net of $0.7 million for the six months ended June 30, 2025 was favorable by $0.5 million when compared to Other income, net for the six months ended June 30, 2024 of $0.2 million. The favorable movement was due to lower interest expense from reduced debt balances and a government incentive received in the first quarter of