Company: PLPC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021769
Chunk: 31

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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$9,596  Three Months Ended March 31,20252024Expenditure for long-lived assetsPLP-USA$702 $2,293 The Americas1,082 705 EMEA8,757 768 Asia-Pacific435 152 Total expenditure for long-lived assets$10,976 $3,918 Depreciation and amortizationPLP-USA$3,099 $2,785 The Americas805 1,371 EMEA905 875 Asia-Pacific751 761 Total depreciation and amortization$5,560 $5,792 

March 31, 2025December 31, 2024Identifiable assetsPLP-USA$243,401 $245,388 The Americas108,370 103,456 EMEA141,811 125,013 Asia-Pacific98,869 100,020 Total identifiable assets$592,451 $573,877 Long-lived assetsPLP-USA$117,245 $119,114 The Americas21,374 20,446 EMEA30,215 21,243 Asia-Pacific34,249 34,283 Total long-lived assets$203,083 $195,086 

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NOTE 14 - ACQUISITION OF BUSINESSES

Subsequent Event - Acquisition of JAP Telecom

On May 1, 2025, the Company acquired all issued and outstanding shares of J.A.P. Industria De Materiais Para Telefonia Ltda., (JAP Telecom) an entity headquartered in Pedreira, Brazil. JAP Telecom is a leading Brazilian designer, manufacturer, and supplier of connectivity solutions for the South American telecommunications infrastructure market with a product portfolio including fiber optic splice closures, connectivity devices, and infrastructure accessories tailored to the specific needs of the local market. JAP Telecom's annual sales for the year ending December 31, 2024 were approximately $4.6 million (R$26.1 million). The acquisition expands the Company's operational capabilities in the region and strengthens the Company's position in the global communications market. The purchase price was approximately $5.8 million (R$33.0 million), net of cash as of the closing date.  

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A)