$PLPC
Preformed Line Products Co

2023 Q3 Form 10-Q Financial Statement

#000095017023037719 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $160.4M $181.8M
YoY Change -3.0% 11.22%
Cost Of Revenue $106.3M $115.5M
YoY Change -0.75% 4.26%
Gross Profit $54.14M $66.33M
YoY Change -7.13% 25.84%
Gross Profit Margin 33.74% 36.48%
Selling, General & Admin $30.53M $31.23M
YoY Change 6.32% 9.15%
% of Gross Profit 56.39% 47.09%
Research & Development $5.800M $5.760M
YoY Change 22.34% 7.4%
% of Gross Profit 10.71% 8.68%
Depreciation & Amortization $4.640M $4.689M
YoY Change 40.01% 21.7%
% of Gross Profit 8.57% 7.07%
Operating Expenses $30.53M $31.23M
YoY Change 6.32% 9.15%
Operating Profit $20.08M $28.15M
YoY Change 15.56% 56.82%
Interest Expense $998.0K $1.134M
YoY Change 21.86% 44.64%
% of Operating Profit 4.97% 4.03%
Other Income/Expense, Net -$502.0K -$607.0K
YoY Change -326.13% 228.11%
Pretax Income $19.58M $27.54M
YoY Change 11.25% 55.04%
Income Tax $4.431M $7.077M
% Of Pretax Income 22.63% 25.7%
Net Earnings $15.13M $20.47M
YoY Change 27.28% 49.3%
Net Earnings / Revenue 9.43% 11.26%
Basic Earnings Per Share $3.08 $4.14
Diluted Earnings Per Share $3.03 $4.08
COMMON SHARES
Basic Shares Outstanding 4.916M 4.948M
Diluted Shares Outstanding 4.990M 5.024M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.70M $43.16M
YoY Change 41.2% 43.37%
Cash & Equivalents $43.74M $43.16M
Short-Term Investments
Other Short-Term Assets $10.45M $8.440M
YoY Change 221.56% 51.77%
Inventory $149.6M $148.5M
Prepaid Expenses $8.334M $8.749M
Receivables $126.0M $144.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $338.2M $353.4M
YoY Change 9.74% 15.1%
LONG-TERM ASSETS
Property, Plant & Equipment $201.1M $200.3M
YoY Change 25.78% 27.24%
Goodwill $28.45M $29.53M
YoY Change 7.97% -15.12%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.577M $6.869M
YoY Change 12.7% 12.07%
Total Long-Term Assets $268.4M $268.5M
YoY Change 20.61% 16.74%
TOTAL ASSETS
Total Short-Term Assets $338.2M $353.4M
Total Long-Term Assets $268.4M $268.5M
Total Assets $606.6M $621.9M
YoY Change 14.3% 15.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.50M $50.03M
YoY Change 7.02% 1.66%
Accrued Expenses $58.80M $49.13M
YoY Change 14.76% 1.11%
Deferred Revenue
YoY Change
Short-Term Debt $10.90M $13.70M
YoY Change -39.16% -18.72%
Long-Term Debt Due $6.680M $6.889M
YoY Change 109.86% 114.14%
Total Short-Term Liabilities $135.8M $126.8M
YoY Change 12.73% 5.93%
LONG-TERM LIABILITIES
Long-Term Debt $45.27M $68.94M
YoY Change -19.08% 19.9%
Other Long-Term Liabilities $14.82M $16.98M
YoY Change 18.04% 31.25%
Total Long-Term Liabilities $60.09M $85.92M
YoY Change -12.28% 21.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $135.8M $126.8M
Total Long-Term Liabilities $60.09M $85.92M
Total Liabilities $195.9M $212.7M
YoY Change 3.67% 11.88%
SHAREHOLDERS EQUITY
Retained Earnings $514.8M $500.7M
YoY Change 15.57% 15.18%
Common Stock $73.11M $70.45M
YoY Change 12.36% 11.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $117.7M $109.1M
YoY Change 20.39% 14.13%
Treasury Stock Shares $1.841M
Shareholders Equity $399.8M $398.4M
YoY Change
Total Liabilities & Shareholders Equity $606.6M $621.9M
YoY Change 14.3% 15.81%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $15.13M $20.47M
YoY Change 27.28% 49.3%
Depreciation, Depletion And Amortization $4.640M $4.689M
YoY Change 40.01% 21.7%
Cash From Operating Activities $42.50M $20.42M
YoY Change 177.8% -2137.92%
INVESTING ACTIVITIES
Capital Expenditures $9.940M $8.826M
YoY Change -187.45% -252.2%
Acquisitions
YoY Change
Other Investing Activities $2.380M $1.984M
YoY Change
Cash From Investing Activities -$7.560M -$6.842M
YoY Change -33.49% 17.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.89M -2.355M
YoY Change 3738.05% -646.4%
NET CHANGE
Cash From Operating Activities 42.50M 20.42M
Cash From Investing Activities -7.560M -6.842M
Cash From Financing Activities -33.89M -2.355M
Net Change In Cash 1.050M 11.22M
YoY Change -65.57% -276.19%
FREE CASH FLOW
Cash From Operating Activities $42.50M $20.42M
Capital Expenditures $9.940M $8.826M
Free Cash Flow $32.56M $11.59M
YoY Change 22.11% 141.69%

Facts In Submission

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dei Entity Registrant Name
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Preformed Line Products Company
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us-gaap Profit Loss
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CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Payments Of Dividends Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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plpc Percentage Of Ownership In Earnings Of Subsidiary
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us-gaap Provision For Doubtful Accounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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plpc Allowance For Doubtful Accounts Receivable Foreign Exchange And Other
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plpc Allowance For Doubtful Accounts Receivable Foreign Exchange And Other
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022 plpc Loss Contingency Accrued Estimate For Losses
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us-gaap Unrecognized Tax Benefits Period Increase Decrease
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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8.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.25
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
33933000
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20251000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
33531000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19449000
CY2023Q2 us-gaap Goodwill
Goodwill
29530000
CY2022Q4 us-gaap Goodwill
Goodwill
28004000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000.0
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
900000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1700000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1500000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1400000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1400000
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P11Y9M18D
CY2022Q4 us-gaap Goodwill
Goodwill
28004000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
407000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1119000
CY2023Q2 us-gaap Goodwill
Goodwill
29530000
CY2023Q2 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
217000
CY2023Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
217000
CY2023Q2 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
0
CY2023Q2 plpc Deferred Compensation Liability Fair Value
DeferredCompensationLiabilityFairValue
7688000
CY2023Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
7688000
CY2022Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
548000
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
548000
CY2022Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
81000
CY2022Q4 plpc Deferred Compensation Liability Fair Value
DeferredCompensationLiabilityFairValue
7299000
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
7380000
us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P90D
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-500000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-400000
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3100000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1000000.0
CY2023Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
69939000
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
71166000
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
68054000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
71438000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
181813000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163471000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
363637000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
301694000
CY2023Q2 us-gaap Gross Profit
GrossProfit
66327000
CY2022Q2 us-gaap Gross Profit
GrossProfit
52706000
us-gaap Gross Profit
GrossProfit
132611000
us-gaap Gross Profit
GrossProfit
94657000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
20472000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
13712000
us-gaap Net Income Loss
NetIncomeLoss
41870000
us-gaap Net Income Loss
NetIncomeLoss
25997000

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0000950170-23-037719.txt Edgar Link pending
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