Company: PLPC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021769
Chunk: 36

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 increased $5.9 million, or 13%, as summarized in the following table:

Three Months Ended March 31,(Thousands of dollars)20252024ChangeChange Due to Currency Translation Change Excluding Currency Translation % Change Gross profitPLP-USA$26,838 $24,696 $2,142 $— $2,142 9 %The Americas7,087 4,965 2,122 (1,026)3,148 63 %EMEA8,877 8,318 559 (81)640 8 %Asia-Pacific5,869 6,152 (283)(208)(75)(1)%Consolidated$48,671 $44,131 $4,540 $(1,315)$5,855 13 %

PLP-USA gross profit of $26.8 million increased by $2.1 million, or 9%, compared to the same period in 2024, primarily due to higher sales volumes and favorable product mix. International gross profit for the period ended March 31, 2025 was unfavorably impacted by $1.3 million when local currencies were translated to U.S. dollars. The following discussion of gross profit changes excludes the effects of currency translation. The Americas gross profit increased $3.1 million, or 63%, which was primarily the result of higher sales volume and enhanced fixed cost leverage. EMEA gross profit increased $0.6 million, or 8%, primarily due to higher sales volumes and favorable product mix. Asia-Pacific gross profit decreased $0.1 million, or 1%, which was primarily driven by lower sales volumes and unfavorable product mix. 

Costs and expenses. Costs and expenses of $35.5 million for the three months ended March 31, 2025 increased $3.0 million, or 9%, when compared to 2024. Excluding the effect of currency translation, costs and expenses increased $3.8 million, or 12%, as summarized in the following table:

Three Months Ended March 31,(Thousands of dollars)20252024ChangeChange Due to Currency Translation Change Due to Intercompany TransactionsChange Excluding Currency and Intercompany Transactions% Change Costs and expensesPLP-USA$17,154 $18,164 $(1,010)$— $(1,799)$789 4 %The Americas5,488 4,721 767 (617)954 430