$PLPC

PREFORMED LINE PRODUCTS CO

CIK:0000080035|SEC Filings

Statements of Consolidated Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income	$ 21,508	$ 12,700	$ 32,057	$ 24,253
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	1,287	13,681	(138)	20,352
Pension adjustment, net of tax	0	123	0	246
Other comprehensive income (loss), net of tax	1,287	13,804	(138)	20,598
Comprehensive expense (income) attributable to noncontrolling interests	0	5	(25)	(31)
COMPREHENSIVE INCOME ATTRIBUTABLE TO PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS	$ 22,795	$ 26,509	$ 31,894	$ 44,820

Statements of Consolidated Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net income	$ 32,057	$ 24,253
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	12,420	11,083
Deferred income taxes	190	(806)
Share-based compensation expense	4,724	2,598
Loss (gain) on sale of property and equipment	6	(18)
Other, net	333	1,043
Changes in operating assets and liabilities	(18,468)	(5,570)
NET CASH PROVIDED BY OPERATING ACTIVITIES	31,262	32,583
INVESTING ACTIVITIES
Capital expenditures	(16,950)	(19,354)
Proceeds from the sale of property and equipment	85	97
Proceeds from sale of investments	0	1,679
Purchases of investments	0	(451)
Acquisition of businesses, net of cash	(9,058)	(4,180)
NET CASH USED IN INVESTING ACTIVITIES	(25,923)	(22,209)
FINANCING ACTIVITIES
Proceeds (payments) of notes payable to banks	664	(3,436)
Proceeds from long-term debt	6,791	10,837
Payments of long-term debt	(2,793)	(1,563)
Dividends paid	(2,142)	(2,152)
Proceeds from issuance of common shares	628	160
Stock incentive plan payments	(3,935)	(3,799)
Purchase of common shares for treasury	(938)	(131)
Purchase of common shares for treasury from related parties	(11,285)	(3,232)
Other	0	(1,474)
NET CASH USED IN FINANCING ACTIVITIES	(13,010)	(4,790)
Effects of exchange rate changes on cash, cash equivalents and restricted cash	494	4,080
Net (decrease) increase in cash, cash equivalents and restricted cash	(7,177)	9,664
Cash, cash equivalents and restricted cash at beginning of year	83,389	57,244
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	$ 76,212	$ 66,908

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash, cash equivalents and restricted cash	$ 76,212	$ 83,389
Accounts receivable, net	151,180	113,175
Inventories, net	147,815	148,730
Prepaid expenses	13,579	12,961
Other current assets	7,730	5,206
TOTAL CURRENT ASSETS	396,516	363,461
Property, plant and equipment, net	227,558	222,781
Operating lease, right-of-use assets	10,757	9,708
Goodwill	36,419	30,684
Other intangible assets, net	9,458	10,140
Deferred income taxes	7,205	7,481
Other assets	9,576	9,366
TOTAL ASSETS	697,489	653,621
LIABILITIES AND SHAREHOLDERS' EQUITY
Trade accounts payable	55,916	49,520
Notes payable to banks	1,793	1,213
Operating lease liabilities, current	1,878	1,722
Current portion of long-term debt	5,065	5,392
Accrued compensation and other benefits	28,619	29,207
Accrued expenses and other liabilities	36,915	22,407
Dividends payable	1,200	1,277
Income taxes payable	1,148	3,972
TOTAL CURRENT LIABILITIES	132,534	114,710
Long-term debt, less current portion	35,919	32,860
Operating lease liabilities, noncurrent	6,814	5,957
Deferred income taxes	5,626	5,707
Other noncurrent liabilities	21,995	18,836
SHAREHOLDERS' EQUITY
Common shares $2 par value per share, 15,000,000 shares authorized, 4,880,701 and 4,907,787 issued and outstanding, at June 30, 2026 and December 31, 2025	13,893	13,860
Common shares issued to rabbi trust, 222,506 and 222,506 shares at June 30, 2026 and December 31, 2025, respectively	(9,586)	(9,586)
Deferred compensation liability	9,586	9,586
Paid-in capital	68,604	67,217
Retained earnings	614,326	584,360
Treasury shares, at cost, 2,065,490 and 2,021,940 shares at June 30, 2026 and December 31, 2025, respectively	(148,777)	(136,554)
Accumulated other comprehensive loss	(53,503)	(53,365)
TOTAL PREFORMED LINE PRODUCTS COMPANY SHAREHOLDERS' EQUITY	494,543	475,518
Noncontrolling interest	58	33
TOTAL SHAREHOLDERS' EQUITY	494,601	475,551
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 697,489	$ 653,621