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Segment Information
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated by the CODM, 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, 2024 and 2023. 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,
2024202320242023
Net sales
PLP-USA$65,554 $81,727 $196,191 $275,882 
The Americas19,852 22,790 60,026 66,852 
EMEA32,937 28,798 93,630 105,138 
Asia-Pacific28,630 27,124 76,750 76,205 
Total net sales$146,973 $160,438 $426,597 $524,076 
Intersegment sales
PLP-USA$2,720 $4,083 $7,877 $25,058 
The Americas2,118 4,515 6,532 13,024 
EMEA1,396 3,514 4,194 6,470 
Asia-Pacific4,068 5,611 11,333 18,714 
Total intersegment sales$10,302 $17,723 $29,936 $63,266 
Gross profit
PLP-USA$21,383 $30,672 $66,821 $114,012 
The Americas6,770 8,053 18,448 24,239 
EMEA9,327 7,434 27,009 26,199 
Asia-Pacific8,298 7,977 21,904 22,298 
Total gross profit$45,778 $54,137 $134,182 $186,748 
Net income attributable to Preformed Line Products Company shareholders
PLP-USA$3,059 $9,080 $11,720 $40,761 
The Americas1,574 1,411 4,268 6,050 
EMEA1,337 1,137 5,893 4,675 
Asia-Pacific1,710 3,502 4,761 5,514 
Total net income attributable to Preformed Line Products Company shareholders$7,680 $15,130 $26,642 $57,000