Company: PLPC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000080035-25-000022
Chunk: 12

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 classes of property, plant and equipment are as follows:September 30, 2025December 31, 2024Land and improvements$27,133 $20,204 Buildings and improvements130,641 125,076 Machinery, equipment and aircraft268,297 252,759 Construction in progress23,623 10,884 Property, plant and equipment, gross449,694 408,923 Less accumulated depreciation(231,913)(213,837)Property, plant and equipment, net$217,781 $195,086 

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NOTE 5 - CONTINGENT AND OTHER LIABILITIES The Company can be party to a variety of pending legal proceedings and claims arising in the normal course of business, including, but not limited to, litigation relating to employment, workers’ compensation, product liability, environmental and intellectual property. The Company has liability insurance to cover many of these claims. Although the outcomes of these matters are not predictable with certainty, the Company records a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In the event the Company determines that a loss is not probable, but is reasonably possible, and the likelihood to develop what the Company believes to be a reasonable range of potential loss exists, the Company will include disclosure related to such matters. To the extent that there is a reasonable possibility the losses could exceed amounts already accrued, the Company will adjust the accrual in the period in which the determination is made, disclose an estimate of the additional loss or range of loss and if the amount of such adjustment cannot be reasonably estimated, disclose that an estimate cannot be made.The Company is not a party to any pending legal proceedings that the Company believes would, individually or in the aggregate, have a material adverse effect on its financial condition, results of operations or cash flow. As of September 30, 2025 and December 31, 2024, there were zero reserves for known global legal matters. As of September 30, 2025 and December 31, 2024, the Company has included $6.7 million of advanced payments by customers for future projects in Accrued expenses and other liabilities on the Consolidated Balance Sheets.

NOTE 6 - PENSION PLANSIn 2024, the Company used a December 31 measurement date for the Preformed Line Products Company Employees’ Retirement Plan (the “U.S. Plan”). The Company completed its previously announced U.S. Plan termination