Company: PLPC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021769
Chunk: 3

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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2,118 1.4 2,255 1.6 (137)NET INCOME11,553 7.8 9,603 6.8 1,950 Net income attributable to noncontrolling interests(36)0.0 (7)0.0 (29)NET INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS$11,517 7.8 %$9,596 6.8 %$1,921 

Net sales. In 2025, net sales were $148.5 million, an increase of $7.6 million, or 5%, compared to 2024. Excluding the effect of currency translation, net sales increased 9% as summarized in the following table:

Three Months Ended March 31,(Thousands of dollars)20252024ChangeChange Due to Currency Translation Change Excluding Currency Translation % Change Net salesPLP-USA$74,006 $70,737 $3,269 $— $3,269 5 %The Americas22,279 18,358 3,921 (3,204)7,125 39 %EMEA29,993 28,654 1,339 (440)1,779 6 %Asia-Pacific22,263 23,155 (892)(751)(141)(1)%Consolidated$148,541 $140,904 $7,637 $(4,395)$12,032 9 %

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The increase in PLP-USA net sales of $3.3 million, or 5%, was primarily due to higher volumes in communications sales. International net sales for the three months ended March 31, 2025 were unfavorably affected by $4.4 million when local currencies were converted to U.S. dollars. The following discussion of changes in net sales excludes the effect of currency translation. The Americas net sales of $22.3 million increased $7.1 million, or 39%, primarily due to higher volumes in energy product sales, partially offset by lower communications sales. EMEA net sales of $30.0 million increased $1.8 million, or 6%, primarily due to higher volume in energy product sales. Asia-Pacific net sales of $22.3 million decreased $0.1 million, or 1%, primarily due to lower volumes in energy product sales. 

Gross profit