$PLPC
Preformed Line Products Co

2024 Q3 Form 10-Q Financial Statement

#000095017024089123 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $138.7M $181.8M
YoY Change -23.7% 11.22%
Cost Of Revenue $94.45M $115.5M
YoY Change -18.22% 4.26%
Gross Profit $44.27M $66.33M
YoY Change -33.25% 25.84%
Gross Profit Margin 31.92% 36.48%
Selling, General & Admin $27.18M $31.23M
YoY Change -12.98% 9.15%
% of Gross Profit 61.39% 47.09%
Research & Development $5.358M $5.760M
YoY Change -6.98% 7.4%
% of Gross Profit 12.1% 8.68%
Depreciation & Amortization $5.246M $4.689M
YoY Change 11.88% 21.7%
% of Gross Profit 11.85% 7.07%
Operating Expenses $27.18M $31.23M
YoY Change -12.98% 9.15%
Operating Profit $11.29M $28.15M
YoY Change -59.88% 56.82%
Interest Expense $568.0K $1.134M
YoY Change -49.91% 44.64%
% of Operating Profit 5.03% 4.03%
Other Income/Expense, Net -$131.0K -$607.0K
YoY Change -78.42% 228.11%
Pretax Income $11.16M $27.54M
YoY Change -59.47% 55.04%
Income Tax $1.794M $7.077M
% Of Pretax Income 16.07% 25.7%
Net Earnings $9.366M $20.47M
YoY Change -54.25% 49.3%
Net Earnings / Revenue 6.75% 11.26%
Basic Earnings Per Share $1.91 $4.14
Diluted Earnings Per Share $1.89 $4.08
COMMON SHARES
Basic Shares Outstanding 4.914M 4.918M 4.948M
Diluted Shares Outstanding 4.964M 5.024M

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.42M $43.16M
YoY Change 9.88% 43.37%
Cash & Equivalents $47.42M $43.16M
Short-Term Investments
Other Short-Term Assets $6.983M $8.440M
YoY Change -17.26% 51.77%
Inventory $141.8M $148.5M
Prepaid Expenses $7.394M $8.749M
Receivables $101.5M $144.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $305.1M $353.4M
YoY Change -13.68% 15.1%
LONG-TERM ASSETS
Property, Plant & Equipment $200.4M $200.3M
YoY Change 0.06% 27.24%
Goodwill $27.90M $29.53M
YoY Change -5.52% -15.12%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.798M $6.869M
YoY Change 42.64% 12.07%
Total Long-Term Assets $267.5M $268.5M
YoY Change -0.37% 16.74%
TOTAL ASSETS
Total Short-Term Assets $305.1M $353.4M
Total Long-Term Assets $267.5M $268.5M
Total Assets $572.6M $621.9M
YoY Change -7.94% 15.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.95M $50.03M
YoY Change -14.17% 1.66%
Accrued Expenses $48.54M $49.13M
YoY Change -1.2% 1.11%
Deferred Revenue
YoY Change
Short-Term Debt $6.938M $13.70M
YoY Change -49.36% -18.72%
Long-Term Debt Due $2.812M $6.889M
YoY Change -59.18% 114.14%
Total Short-Term Liabilities $104.0M $126.8M
YoY Change -17.97% 5.93%
LONG-TERM LIABILITIES
Long-Term Debt $28.82M $68.94M
YoY Change -58.2% 19.9%
Other Long-Term Liabilities $14.35M $16.98M
YoY Change -15.5% 31.25%
Total Long-Term Liabilities $43.17M $85.92M
YoY Change -49.76% 21.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $104.0M $126.8M
Total Long-Term Liabilities $43.17M $85.92M
Total Liabilities $147.2M $212.7M
YoY Change -30.81% 11.88%
SHAREHOLDERS EQUITY
Retained Earnings $537.1M $500.7M
YoY Change 7.26% 15.18%
Common Stock $76.07M $70.45M
YoY Change 7.98% 11.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $124.3M $109.1M
YoY Change 13.86% 14.13%
Treasury Stock Shares $1.841M
Shareholders Equity $416.2M $398.4M
YoY Change
Total Liabilities & Shareholders Equity $572.6M $621.9M
YoY Change -7.94% 15.81%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $9.366M $20.47M
YoY Change -54.25% 49.3%
Depreciation, Depletion And Amortization $5.246M $4.689M
YoY Change 11.88% 21.7%
Cash From Operating Activities $28.29M $20.42M
YoY Change 38.56% -2137.92%
INVESTING ACTIVITIES
Capital Expenditures $3.728M $8.826M
YoY Change -57.76% -252.2%
Acquisitions
YoY Change
Other Investing Activities $128.0K $1.984M
YoY Change -93.55%
Cash From Investing Activities -$3.600M -$6.842M
YoY Change -47.38% 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 -21.84M -2.355M
YoY Change 827.3% -646.4%
NET CHANGE
Cash From Operating Activities 28.29M 20.42M
Cash From Investing Activities -3.600M -6.842M
Cash From Financing Activities -21.84M -2.355M
Net Change In Cash 2.856M 11.22M
YoY Change -74.55% -276.19%
FREE CASH FLOW
Cash From Operating Activities $28.29M $20.42M
Capital Expenditures $3.728M $8.826M
Free Cash Flow $24.57M $11.59M
YoY Change 111.89% 141.69%

Facts In Submission

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CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.35
CY2024Q2 us-gaap Profit Loss
ProfitLoss
9367000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
20464000
us-gaap Profit Loss
ProfitLoss
18970000
us-gaap Profit Loss
ProfitLoss
41883000
CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2301000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-12536000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
6223000
CY2024Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-89000
CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-89000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-178000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-178000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2390000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3484000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22862000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6604000
us-gaap Comprehensive Income Net Of Tax
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48271000
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
2791000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1852000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Operating Capital
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us-gaap Increase Decrease In Operating Capital
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9917000
us-gaap Net Cash Provided By Used In Operating Activities
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34047000
us-gaap Net Cash Provided By Used In Operating Activities
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45850000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7646000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17177000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3365000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
129000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12089000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4281000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
163000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
53099000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
104183000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
76219000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
100283000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2114000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2143000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
61000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
664000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
113000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
116000
plpc Repurchase Of Common Stock From Related Party
RepurchaseOfCommonStockFromRelatedParty
5908000
plpc Repurchase Of Common Stock From Related Party
RepurchaseOfCommonStockFromRelatedParty
9724000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2473000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
870000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5921000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53607000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37239000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47424000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43160000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
416156000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
9603000
CY2024Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2024Q1 plpc Comprehensive Income Loss Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeLossIncludingPortionAttributableToNoncontrollingInterest
3127000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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383000
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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CY2024Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2024Q1 us-gaap Dividends Common Stock Cash
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CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q2 us-gaap Profit Loss
ProfitLoss
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CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2024Q2 plpc Comprehensive Income Loss Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeLossIncludingPortionAttributableToNoncontrollingInterest
3485000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
934000
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
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CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2024Q2 us-gaap Dividends Common Stock Cash
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Profit Loss
ProfitLoss
21419000
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3922000
CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2023Q1 plpc Comprehensive Income Loss Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeLossIncludingPortionAttributableToNoncontrollingInterest
25430000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1066000
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023Q1 us-gaap Dividends Common Stock Cash
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
20464000
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2301000
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2023Q2 plpc Comprehensive Income Loss Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeLossIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1725000
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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plpc Percentage Of Ownership In Earnings Of Subsidiary
PercentageOfOwnershipInEarningsOfSubsidiary
1
CY2024Q2 plpc Percentage Of Revenue From Contract With Customer Excluding Assessed Tax
PercentageOfRevenueFromContractWithCustomerExcludingAssessedTax
1
CY2023Q2 plpc Percentage Of Revenue From Contract With Customer Excluding Assessed Tax
PercentageOfRevenueFromContractWithCustomerExcludingAssessedTax
1
plpc Percentage Of Revenue From Contract With Customer Excluding Assessed Tax
PercentageOfRevenueFromContractWithCustomerExcludingAssessedTax
1
plpc Percentage Of Revenue From Contract With Customer Excluding Assessed Tax
PercentageOfRevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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plpc Allowance For Doubtful Accounts Receivable Foreign Exchange And Other
AllowanceForDoubtfulAccountsReceivableForeignExchangeAndOther
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plpc Allowance For Doubtful Accounts Receivable Foreign Exchange And Other
AllowanceForDoubtfulAccountsReceivableForeignExchangeAndOther
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CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2024Q2 us-gaap Inventory Raw Materials
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CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
14397000
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
46250000
CY2024Q2 us-gaap Inventory Gross
InventoryGross
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CY2023Q4 us-gaap Inventory Gross
InventoryGross
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CY2024Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
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CY2023Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
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CY2024Q2 us-gaap Inventory Net
InventoryNet
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CY2023Q4 us-gaap Inventory Net
InventoryNet
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CY2024Q2 us-gaap Lifo Inventory Amount
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CY2023Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
60100000
CY2024Q2 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
300000
CY2023Q2 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
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us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
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us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
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CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2024Q2 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
204338000
CY2024Q2 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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plpc Loss Contingency Lawsuit Filing Month And Year
LossContingencyLawsuitFilingMonthAndYear
2016-11
CY2016Q4 us-gaap Loss Contingency Damages Sought Value
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us-gaap Loss Contingency Name Of Plaintiff
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SNC ATP
CY2024Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
0
CY2023Q4 us-gaap Loss Contingency Estimate Of Possible Loss
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CY2024Q2 us-gaap Defined Benefit Plan Interest Cost
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CY2023Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
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us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
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us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
785000
CY2024Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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CY2023Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
501000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
971000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
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CY2024Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2023Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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us-gaap Defined Benefit Plan Amortization Of Gains Losses
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us-gaap Defined Benefit Plan Amortization Of Gains Losses
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CY2024Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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19000
CY2023Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
38000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
17000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
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CY2022Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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90000000
CY2022Q1 us-gaap Line Of Credit Facility Expiration Date1
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2026-03-02
CY2022Q1 plpc Debt To Earnings Before Interest Taxes And Depreciation Ratio
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0.0225
CY2024Q2 us-gaap Line Of Credit
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CY2024Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
73600000
CY2024Q2 plpc Long Term Letters Of Credit Outstanding
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plpc Bank Debt To Equity Percentage
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CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2024Q2 us-gaap Unrecognized Tax Benefits
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CY2023Q2 us-gaap Unrecognized Tax Benefits
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CY2024Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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4915000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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49000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
80000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
40000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4964000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5024000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4955000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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5013000
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CY2023Q2 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 Basic
EarningsPerShareBasic
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CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.89
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.35
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
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CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21444000
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CY2024Q2 us-gaap Goodwill
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CY2023Q4 us-gaap Goodwill
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CY2023Q4 us-gaap Goodwill
Goodwill
29497000
us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2024Q2 us-gaap Goodwill
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27901000
CY2024Q2 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
158000
CY2024Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
158000
CY2024Q2 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
6000
CY2024Q2 plpc Deferred Compensation Liability Fair Value
DeferredCompensationLiabilityFairValue
9248000
CY2024Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
9254000
CY2023Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
158000
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
158000
CY2023Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
0
CY2023Q4 plpc Deferred Compensation Liability Fair Value
DeferredCompensationLiabilityFairValue
8222000
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
8222000
us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives1
MaximumRemainingMaturityOfForeignCurrencyDerivatives1
P90D
CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-200000
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-500000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-400000
CY2024Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
28241000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
31632000
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
51786000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
55282000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
138720000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
181813000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
279625000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
363637000
CY2024Q2 us-gaap Gross Profit
GrossProfit
44273000
CY2023Q2 us-gaap Gross Profit
GrossProfit
66327000
us-gaap Gross Profit
GrossProfit
88405000
us-gaap Gross Profit
GrossProfit
132611000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
9366000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
20472000
us-gaap Net Income Loss
NetIncomeLoss
18962000
us-gaap Net Income Loss
NetIncomeLoss
41870000
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
970000
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
585000
CY2024Q2 plpc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAndOtherAssets
13628000
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
1299000
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
71000
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
13813000
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
13813000

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