Segment Information |
Note 13 – Segment Information Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance. The following tables present a summary of the Company’s reportable operating segments for the three and nine months ended September 30, 2023 and 2022. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
|
|
|
2023 |
|
|
2022 |
|
2023 |
|
|
2022 |
|
Net sales |
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
|
$ |
81,727 |
|
|
$ |
88,960 |
|
$ |
275,882 |
|
|
$ |
248,307 |
|
The Americas |
|
|
|
22,790 |
|
|
|
23,780 |
|
|
66,852 |
|
|
|
65,179 |
|
EMEA |
|
|
|
28,798 |
|
|
|
31,139 |
|
|
105,138 |
|
|
|
91,456 |
|
Asia-Pacific |
|
|
|
27,124 |
|
|
|
21,523 |
|
|
76,205 |
|
|
|
62,155 |
|
Total net sales |
|
|
$ |
160,438 |
|
|
$ |
165,402 |
|
$ |
524,076 |
|
|
$ |
467,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intersegment sales |
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
|
$ |
4,083 |
|
|
$ |
7,515 |
|
$ |
25,058 |
|
|
$ |
18,465 |
|
The Americas |
|
|
|
4,515 |
|
|
|
4,899 |
|
|
13,024 |
|
|
|
11,756 |
|
EMEA |
|
|
|
3,514 |
|
|
|
992 |
|
|
6,470 |
|
|
|
2,563 |
|
Asia-Pacific |
|
|
|
5,611 |
|
|
|
8,957 |
|
|
18,714 |
|
|
|
23,703 |
|
Total intersegment sales |
|
|
$ |
17,723 |
|
|
$ |
22,363 |
|
$ |
63,266 |
|
|
$ |
56,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
|
$ |
30,672 |
|
|
$ |
34,547 |
|
$ |
114,012 |
|
|
$ |
90,751 |
|
The Americas |
|
|
|
8,053 |
|
|
|
10,124 |
|
|
24,239 |
|
|
|
23,456 |
|
EMEA |
|
|
|
7,434 |
|
|
|
7,445 |
|
|
26,199 |
|
|
|
21,777 |
|
Asia-Pacific |
|
|
|
7,977 |
|
|
|
6,177 |
|
|
22,298 |
|
|
|
16,966 |
|
Total gross profit |
|
|
$ |
54,137 |
|
|
$ |
58,293 |
|
$ |
186,748 |
|
|
$ |
152,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Preformed Line Products Company shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
PLP-USA |
|
|
$ |
9,080 |
|
|
$ |
10,802 |
|
$ |
40,761 |
|
|
$ |
33,404 |
|
The Americas |
|
|
|
1,411 |
|
|
|
5,450 |
|
|
6,050 |
|
|
|
8,016 |
|
EMEA |
|
|
|
1,137 |
|
|
|
1,218 |
|
|
4,675 |
|
|
|
2,794 |
|
Asia-Pacific |
|
|
|
3,502 |
|
|
|
(5,583 |
) |
|
5,514 |
|
|
|
(6,330 |
) |
Total net income attributable to Preformed Line Products Company shareholders |
|
|
$ |
15,130 |
|
|
$ |
11,887 |
|
$ |
57,000 |
|
|
$ |
37,884 |
|
|