PREFORMED LINE PRODUCTS COPLPC
PREFORMED LINE PRODUCTS CO Segments Disclosure
Note 15 - Segment Information
The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in FASB ASC 280, “Segment Reporting”. Each segment distributes a full range of the Company’s primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Company’s traditional products primarily supporting domestic energy, telecommunications and special industries products. The other three segments, The Americas, EMEA and Asia-Pacific support the Company’s energy, telecommunications, data communication and special industries products in each respective geographical region.
The segment managers responsible for each region report directly to the Company’s Executive Chairman, who is the chief operating decision maker ("CODM") and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire company rather than the results of any individual business component of the segment.
The amount of each segment’s performance reported to the CODM is for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on gross sales and income before income taxes.
The CODM uses both gross sales and income before income taxes for each segment predominantly in the annual budget and forecasting process as well as monitoring actual results. The CODM considers forecast-to-actual and actual to prior period variances for both measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment sales and income before income taxes for the performance of each segment by comparing the results of each segment with one another and in determining the incentive compensation of certain employees.
The accounting policies of the operating segments are the same as those described in Note 1. We have one customer accounting for 10.7% of the Company’s consolidated revenue, generated within the PLP-USA, The Americas, and Asia-Pacific operating segments In certain circumstances, PLP-USA performs all manufacturing and shipping activity to US-based entities on behalf of EMEA, where the sales order is recorded. These sales and related profits have been reclassified for segment purposes only from EMEA to PLP-USA.
The following table presents a summary of the Company’s reportable segments for the years ended December 31, 2025, 2024 and 2023. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profits in inventory.
| Year Ended December 31, 2025 | |||||||||||||||||||||||||||||
| PLP-USA | The Americas | EMEA | Asia-Pacific | Total | |||||||||||||||||||||||||
Gross sales | $ | 321,671 | $ | 118,713 | $ | 139,225 | $ | 132,256 | $ | 711,865 | |||||||||||||||||||
Intersegment sales | (9,052) | (9,946) | (6,102) | (17,427) | (42,527) | ||||||||||||||||||||||||
Net sales | 312,619 | 108,767 | 133,123 | 114,829 | 669,338 | ||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||
Cost of products sold | 206,762 | 77,030 | 93,856 | 83,151 | 460,799 | ||||||||||||||||||||||||
Gross profit | 105,857 | 31,737 | 39,267 | 31,678 | 208,539 | ||||||||||||||||||||||||
| Costs and expenses | 69,922 | 25,566 | 32,000 | 25,916 | 153,404 | ||||||||||||||||||||||||
Operating income | 35,935 | 6,171 | 7,267 | 5,762 | 55,135 | ||||||||||||||||||||||||
Interest income | 630 | 1,191 | 371 | 125 | 2,317 | ||||||||||||||||||||||||
Interest expense | (264) | (43) | (651) | (345) | (1,303) | ||||||||||||||||||||||||
| Other (expense) income, net | (12,183) | 160 | 334 | 1,160 | (10,529) | ||||||||||||||||||||||||
| Income before income taxes | 24,118 | 7,479 | 7,321 | 6,702 | 45,620 | ||||||||||||||||||||||||
Income tax expense | 4,606 | 2,084 | 1,955 | 1,668 | 10,313 | ||||||||||||||||||||||||
Total noncontrolling interest | — | — | (24) | — | (24) | ||||||||||||||||||||||||
Total net income attributable to Preformed Line Products Company shareholders | $ | 19,512 | $ | 5,395 | $ | 5,342 | $ | 5,034 | $ | 35,283 | |||||||||||||||||||
| Year Ended December 31, 2024 | |||||||||||||||||||||||||||||
| PLP-USA | The Americas | EMEA | Asia-Pacific | Total | |||||||||||||||||||||||||
| Gross sales | $ | 276,792 | $ | 98,554 | $ | 133,577 | $ | 123,585 | $ | 632,508 | |||||||||||||||||||
| Intersegment sales | (10,088) | (8,274) | (5,336) | (15,096) | (38,794) | ||||||||||||||||||||||||
| Net sales | 266,704 | 90,280 | 128,241 | 108,489 | 593,714 | ||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||
| Cost of products sold | 173,735 | 61,672 | 91,445 | 77,051 | 403,903 | ||||||||||||||||||||||||
| Gross profit | 92,969 | 28,608 | 36,796 | 31,438 | 189,811 | ||||||||||||||||||||||||
| Costs and expenses | 72,593 | 18,655 | 26,090 | 21,716 | 139,054 | ||||||||||||||||||||||||
| Operating income | 20,376 | 9,953 | 10,706 | 9,722 | 50,757 | ||||||||||||||||||||||||
| Interest income | 55 | 2,139 | 281 | 98 | 2,573 | ||||||||||||||||||||||||
| Interest expense | (911) | (81) | (658) | (571) | (2,221) | ||||||||||||||||||||||||
| Other (expense) income, net | (27) | 141 | 133 | (586) | (339) | ||||||||||||||||||||||||
| Income before income taxes | 19,493 | 12,152 | 10,462 | 8,663 | 50,770 | ||||||||||||||||||||||||
| Income tax expense | 5,553 | 3,201 | 2,683 | 2,222 | 13,659 | ||||||||||||||||||||||||
| Total noncontrolling interest | — | — | (17) | — | (17) | ||||||||||||||||||||||||
| Total net income attributable to Preformed Line Products Company shareholders | $ | 13,940 | $ | 8,951 | $ | 7,762 | $ | 6,441 | $ | 37,094 | |||||||||||||||||||
| Year Ended December 31, 2023 | |||||||||||||||||||||||||||||
| PLP-USA | The Americas | EMEA | Asia-Pacific | Total | |||||||||||||||||||||||||
| Gross sales | $ | 387,913 | $ | 102,404 | $ | 110,661 | $ | 126,677 | $ | 727,655 | |||||||||||||||||||
| Intersegment sales | (9,350) | (16,345) | (8,531) | (23,750) | (57,976) | ||||||||||||||||||||||||
| Net sales | 378,563 | 86,059 | 102,130 | 102,927 | 669,679 | ||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||
| Cost of products sold | 239,603 | 56,054 | 65,758 | 73,416 | 434,831 | ||||||||||||||||||||||||
| Gross profit | 138,960 | 30,005 | 36,372 | 29,511 | 234,848 | ||||||||||||||||||||||||
| Costs and expenses | 79,289 | 22,724 | 28,193 | 20,488 | 150,694 | ||||||||||||||||||||||||
| Operating income | 59,671 | 7,281 | 8,179 | 9,023 | 84,154 | ||||||||||||||||||||||||
| Interest income | — | 1,615 | 125 | 71 | 1,811 | ||||||||||||||||||||||||
| Interest expense | (1,991) | (255) | (899) | (760) | (3,905) | ||||||||||||||||||||||||
| Other income, net | 54 | 136 | 66 | 28 | 284 | ||||||||||||||||||||||||
| Income before income taxes | 57,734 | 8,777 | 7,471 | 8,362 | 82,344 | ||||||||||||||||||||||||
| Income tax expense | 12,342 | 3,022 | 1,670 | 1,973 | 19,007 | ||||||||||||||||||||||||
| Total noncontrolling interest | — | — | (5) | — | (5) | ||||||||||||||||||||||||
| Total net income attributable to Preformed Line Products Company shareholders | $ | 45,392 | $ | 5,755 | $ | 5,796 | $ | 6,389 | $ | 63,332 | |||||||||||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Expenditure for long-lived assets | |||||||||||||||||
| PLP-USA | $ | 6,049 | $ | 6,054 | $ | 25,317 | |||||||||||
| The Americas | 5,537 | 2,255 | 4,861 | ||||||||||||||
| EMEA | 27,350 | 4,454 | 2,849 | ||||||||||||||
| Asia-Pacific | 1,965 | 1,888 | 2,305 | ||||||||||||||
| Total expenditure for long-lived assets | $ | 40,901 | $ | 14,651 | $ | 35,332 | |||||||||||
| Depreciation and amortization | |||||||||||||||||
| PLP-USA | $ | 12,819 | $ | 11,768 | $ | 9,270 | |||||||||||
| The Americas | 3,740 | 3,821 | 2,702 | ||||||||||||||
| EMEA | 3,895 | 3,575 | 3,493 | ||||||||||||||
| Asia-Pacific | 2,967 | 3,102 | 3,449 | ||||||||||||||
| Total depreciation and amortization | $ | 23,421 | $ | 22,266 | $ | 18,914 | |||||||||||
| As of December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Identifiable assets | |||||||||||
| PLP-USA | $ | 276,840 | $ | 245,388 | |||||||
| The Americas | 114,111 | 103,456 | |||||||||
| EMEA | 165,254 | 125,013 | |||||||||
| Asia-Pacific | 97,416 | 100,020 | |||||||||
| Total identifiable assets | $ | 653,621 | $ | 573,877 | |||||||
Long-lived assets | |||||||||||
| PLP-USA | $ | 113,261 | $ | 119,114 | |||||||
| The Americas | 25,692 | 20,446 | |||||||||
| EMEA | 49,017 | 21,243 | |||||||||
| Asia-Pacific | 34,811 | 34,283 | |||||||||
Total long-lived assets | $ | 222,781 | $ | 195,086 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Mar 13, 2025 | |
| 2023 | Mar 8, 2024 | |
| 2022 | Mar 3, 2023 | |
| 2021 | Mar 4, 2022 | |
| 2020 | Mar 5, 2021 | |
| 2019 | Mar 6, 2020 | |
| 2018 | Mar 8, 2019 | |
| 2017 | Mar 9, 2018 | |
| 2016 | Mar 10, 2017 | |
| 2015 | Mar 11, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.