Company: PLPC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000080035-25-000022
Chunk: 52

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 52
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INE MONTHS ENDED SEPTEMBER 30, 2025 COMPARED TO NINE MONTHS ENDED SEPTEMBER 30, 2024

The following table sets forth a summary of the Company’s Statements of Consolidated Income and the percentage of net sales for the nine months ended September 30, 2025 and 2024. The Company’s past operating results are not necessarily indicative of future operating results.Nine Months Ended September 30,(Thousands of dollars)20252024Change Net sales$496,229 100.0 %$426,597 100.0 %$69,632 Cost of products sold339,310 68.4 292,415 68.5 46,895 GROSS PROFIT156,919 31.6 134,182 31.5 22,737 Costs and expenses113,533 22.9 100,938 23.7 12,595 OPERATING INCOME43,386 8.7 33,244 7.8 10,142 Other (expense) income, net(10,053)(2.0)205 — (10,258)INCOME BEFORE INCOME TAXES33,333 6.7 33,449 7.8 (116)Income tax (benefit) expense6,461 1.3 6,783 1.6 (322)NET INCOME26,872 5.4 26,666 6.3 206 Net income attributable to noncontrolling interests(24)(0.0)(24)(0.0)— NET INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS$26,848 5.4 %$26,642 6.2 %$206 

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Net sales. In 2025, net sales were $496.2 million, an increase of $69.6 million, or 16%, compared to 2024. Excluding the effect of currency translation, net sales increased 17% as summarized in the following table:

Nine Months Ended September 30,(Thousands of dollars)20252024ChangeChange Due to Currency TranslationChange Excluding Currency Translation% ChangeNet salesPLP-USA$234,113 $196,191 $37,922 $— $37,922 19 %The Americas80,118 60,