Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 31

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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eductible compensation and non-recurring rate benefits received in 2024 from amending prior year returns, partially offset by a favorable impact from the mix of earned income in certain foreign jurisdictions.

Net income. As a result of the preceding items, net income for the three months ended June 30, 2025 was $12.7 million, compared to $9.4 million for 2024. Excluding the effect of currency translation, net income increased $3.4 million as summarized in the following table. The increase in net income was due to increases in operating income described above as well as lower interest expense, partially offset by higher tax expense:

Three Months Ended June 30,(Thousands of dollars)20252024ChangeChange Due to Currency Translation Change Excluding Currency Translation % Change Net income (loss)PLP-USA$7,745 $3,345 $4,400 $— $4,400 132 %The Americas1,302 1,796 (494)(84)(410)(23)%EMEA1,367 2,975 (1,608)51 (1,659)(56)%Asia-Pacific2,291 1,250 1,041 6 1,035 83 %Consolidated$12,705 $9,366 $3,339 $(27)$3,366 36 %

SIX MONTHS ENDED JUNE 30, 2025 COMPARED TO SIX MONTHS ENDED JUNE 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 six months ended June 30, 2025 and 2024. The Company’s past operating results are not necessarily indicative of future operating results.Six Months Ended June 30,(Thousands of dollars)20252024Change Net sales$318,142 100.0 %$279,625 100.0 %$38,517 Cost of products sold214,072 67.3 191,220 68.4 22,852 GROSS PROFIT104,070 32.7 88,405 31.6 15,665 Costs and expenses73,816 23.2 65,554 23.4 8,262 OPERATING INCOME30,254 9.5 22,851 8.2 7,403