Preformed Line Products Company (PLPC) Financial Statements (2025 and earlier)

Company Profile

Business Address P.O. BOX 91129
CLEVELAND, OH 44101
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 1623 - Water, Sewer, Pipeline, and Communications and Power Line Construction (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    45,17538,92945,257
Cash and cash equivalents    45,17538,92943,609
Short-term investments      1,648
Receivables106,892125,26198,20392,68683,51773,139
Inventory, net of allowances, customer advances and progress billings148,814147,458114,50797,53795,71885,259
Inventory148,814147,458114,50797,53795,71885,259
Prepaid expense8,24613,28319,7782,3712,6013,169
Other current assets7,2564,9293,2173,2564,2892,882
Other undisclosed current assets53,60737,23936,40615,2896,9214,557
Total current assets:324,815328,170272,111256,314231,975214,263
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     200
Operating lease, right-of-use asset11,67110,75212,40013,13912,453
Property, plant and equipment207,892175,011149,774125,965124,018102,955
Intangible assets, net (including goodwill)42,47842,08640,23343,95142,95624,079
Goodwill29,49728,00428,19429,50827,84015,621
Intangible assets, net (excluding goodwill)12,98114,08212,03914,44315,1168,458
Deferred income tax assets7,1095,3203,83910,863 
Other noncurrent assets9,1866,52110,66110,85514,60510,600
Other undisclosed noncurrent assets  619  7,3646,900
Total noncurrent assets:278,336240,309216,907204,773201,596144,534
TOTAL ASSETS:603,151568,479489,018461,087433,571358,797
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities59,20165,58458,54153,13043,03039,433
Interest and dividends payable1,3011,2921,1731,051
Taxes payable1,1085,4561,758815
Employee-related liabilities13,75614,73611,81711,153
Accounts payable37,78846,83942,37631,64628,28226,414
Accrued liabilities21,41318,745    
Debt13,45421,11619,53922,64414,11210,490
Deferred compensation liability 9,5779,3947,9478,2527,2136,982
Other undisclosed current liabilities29,08519,24119,50819,74816,71812,582
Total current liabilities:111,317115,335105,535103,77481,07369,487
Noncurrent Liabilities
Long-term debt and lease obligation48,79668,42048,20242,07661,96824,960
Long-term debt, excluding current maturities48,79668,42040,04833,33353,72224,960
Liabilities, other than long-term debt26,88226,10019,18123,16818,84614,980
Deferred tax liabilities, net1,711
Deferred income tax liabilities3,5364,1652,7912,921 
Liability, pension and other postretirement and postemployment benefits   3,6535,8265,2785,259
Other liabilities15,45414,91212,73714,42113,5688,010
Operating lease, liability7,8927,0238,1548,7438,246
Other undisclosed noncurrent liabilities     3,116 
Total noncurrent liabilities:75,67894,52067,38365,24483,93039,940
Total liabilities:186,995209,855172,918169,018165,003109,427
Equity
Equity, attributable to parent416,164358,637316,117292,078268,535249,370
Common stock13,60713,35113,18513,02812,84812,662
Treasury stock, value(118,249)(99,303)(93,836)(88,568)(79,106)(72,280)
Additional paid in capital60,95853,64647,81443,13438,85434,401
Accumulated other comprehensive loss(60,306)(69,987)(61,719)(54,551)(57,353)(59,583)
Retained earnings520,154460,930410,673379,035353,292334,170
Equity, attributable to noncontrolling interest(8)(13)(17)(9)33 
Total equity:416,156358,624316,100292,069268,568249,370
TOTAL LIABILITIES AND EQUITY:603,151568,479489,018461,087433,571358,797

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues669,679637,021517,417466,449444,861420,878
Cost of revenue
(Cost of Goods and Services Sold)
(434,831)(421,841)(351,175)(312,436)(304,266)(288,647)
Gross profit:234,848215,180166,242154,013140,595132,231
Operating expenses(125,721)(122,558)(95,796)(91,972)(88,415)(81,756)
Other operating expense, net(2,492)(3,600)(3,709)(4,209)(2,366)(2,434)
Other undisclosed operating loss(22,481)(19,661)(19,188)(17,625)(17,187)(15,107)
Operating income:84,15469,36147,54940,20732,62732,934
Nonoperating income (expense)(1,810)4,3431,347364(1,169)(346)
Investment income, nonoperating1,811631169259783486
Other nonoperating income2846,9263,2012,501265458
Interest and debt expense(3,905)(3,214)(2,023)(2,396)(2,217)(1,290)
Income from continuing operations before equity method investments, income taxes:78,43970,49046,87338,17529,24131,298
Other undisclosed income from continuing operations before income taxes3,9053,2142,0232,3962,2171,290
Income from continuing operations before income taxes:82,34473,70448,89640,57131,45832,588
Income tax expense(19,007)(19,305)(13,175)(10,810)(8,122)(6,007)
Income from continuing operations:63,33754,39935,72129,76123,33626,581
Income before gain (loss) on sale of properties:35,72129,76123,33626,581
Net income:63,33754,39935,72129,76123,33626,581
Net income (loss) attributable to noncontrolling interest(5)(4)842(33) 
Net income available to common stockholders, diluted:63,33254,39535,72929,80323,30326,581

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:63,33754,39935,72129,76123,33626,581
Other comprehensive income (loss)9,681(8,268)(7,168)2,8022,230(12,143)
Comprehensive income:73,01846,13128,55332,56325,56614,438
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(4)842(33) 
Comprehensive income, net of tax, attributable to parent:73,01346,12728,56132,60525,53314,438

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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