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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Summary of Company's Reportable Segments

The following tables present a summary of the Company’s reportable operating segments for the three months ended March 31, 2022 and 2021. Financial results for the PLP-USA segment include the elimination of all segments’ intercompany profit in inventory.

 

 

 

Three Months Ended March 31

 

 

 

2022

 

 

2021

 

Net sales

 

 

 

 

 

 

PLP-USA

 

$

75,924

 

 

$

56,231

 

The Americas

 

 

18,963

 

 

 

17,521

 

EMEA

 

 

27,472

 

 

 

23,481

 

Asia-Pacific

 

 

15,864

 

 

 

20,320

 

Total net sales

 

$

138,223

 

 

$

117,553

 

 

 

 

 

 

 

 

Intersegment sales

 

 

 

 

 

 

PLP-USA

 

$

4,120

 

 

$

2,385

 

The Americas

 

 

2,714

 

 

 

2,066

 

EMEA

 

 

686

 

 

 

511

 

Asia-Pacific

 

 

6,684

 

 

 

3,652

 

Total intersegment sales

 

$

14,204

 

 

$

8,614

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

PLP-USA

 

$

26,264

 

 

$

21,077

 

The Americas

 

 

5,365

 

 

 

5,544

 

EMEA

 

 

6,374

 

 

 

8,134

 

Asia-Pacific

 

 

3,948

 

 

 

5,437

 

Gross profit

 

$

41,951

 

 

$

40,192

 

 

 

 

 

 

 

 

Net income attributable to Preformed Line Products Company shareholders

 

 

 

 

 

 

PLP-USA

 

$

13,239

 

 

$

5,576

 

The Americas

 

 

(71

)

 

 

1,192

 

EMEA

 

 

282

 

 

 

1,195

 

Asia-Pacific

 

 

(1,165

)

 

 

(784

)

Total net income attributable to Preformed Line Products Company shareholders

 

$

12,285

 

 

$

7,179