Summary of Company's Reportable Segments |
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, | | 2024 | | 2023 | | 2024 | | 2023 | Net sales | | | | | | | | PLP-USA | $ | 65,554 | | | $ | 81,727 | | | $ | 196,191 | | | $ | 275,882 | | The Americas | 19,852 | | | 22,790 | | | 60,026 | | | 66,852 | | EMEA | 32,937 | | | 28,798 | | | 93,630 | | | 105,138 | | Asia-Pacific | 28,630 | | | 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 Americas | 2,118 | | | 4,515 | | | 6,532 | | | 13,024 | | EMEA | 1,396 | | | 3,514 | | | 4,194 | | | 6,470 | | Asia-Pacific | 4,068 | | | 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 Americas | 6,770 | | | 8,053 | | | 18,448 | | | 24,239 | | EMEA | 9,327 | | | 7,434 | | | 27,009 | | | 26,199 | | Asia-Pacific | 8,298 | | | 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 Americas | 1,574 | | | 1,411 | | | 4,268 | | | 6,050 | | EMEA | 1,337 | | | 1,137 | | | 5,893 | | | 4,675 | | Asia-Pacific | 1,710 | | | 3,502 | | | 4,761 | | | 5,514 | | Total net income attributable to Preformed Line Products Company shareholders | $ | 7,680 | | | $ | 15,130 | | | $ | 26,642 | | | $ | 57,000 | |
|