Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 1

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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)(9,575)Deferred compensation liability9,613 9,575 Paid-in capital64,019 65,093 Retained earnings575,368 553,179 Treasury shares, at cost, 1,986,382 and 1,961,772 shares at June 30, 2025 and December 31, 2024, respectively(130,163)(126,800)Accumulated other comprehensive loss(62,311)(82,909)TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY460,736 422,315 Noncontrolling interest40 9 TOTAL SHAREHOLDERS' EQUITY460,776 422,324 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$631,461 $573,877 

See notes to consolidated financial statements (unaudited).

3

PREFORMED LINE PRODUCTS COMPANY

STATEMENTS OF CONSOLIDATED INCOME

(UNAUDITED)

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(Thousands, except per share data)Net sales$169,601 $138,720 $318,142 $279,625 Cost of products sold114,202 94,447 214,072 191,220 GROSS PROFIT55,399 44,273 104,070 88,405 Costs and expensesSelling13,092 11,928 25,273 23,828 General and administrative18,665 15,250 36,291 31,858 Research and engineering5,695 5,358 11,174 10,789 Other operating expense (income), net823 445 1,078 (921)38,275 32,981 73,816 65,554 OPERATING INCOME17,124 11,292 30,254 22,851 Other income (expense)Interest income384 346 894 1,318 Interest expense(318)(568)(694)(1,276)Other income, net116 91 523 126 182 (131)723 168 INCOME BEFORE INCOME TAXES17,306 11,161 30,977 23,019 Income tax expense4,606 1,794 6,724 4,049 NET INCOME$12,700