Preformed Line Products Co. 2025年季度报告

(Mark One)☒Quarterlyreport pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the fiscal quarter endedMarch 31, 2025orTransition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Preformed Line Products Company (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90days.Yes☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growthcompany. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Part I – Financial Information Item 1.Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures Part II – Other Information Item 1.Legal Proceedings24Item 1A.Risk Factors24Item 2.Unregistered Sales of Equity Securities and Use of Proceeds24Item 3.Defaults Upon Senior Securities24Item 4.Mine Safety Disclosures24Item 5.Other Information24Item 6.Exhibits25 SIGNATURES26 (UNAUDITED) PREFORMED LINE PRODUCTS COMPANYNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tables in thousands of dollars, except share and per share data, unless specifically noted) NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES Theaccompanying unaudited consolidated financial statements of Preformed Line Products Company and subsidiaries(the“Company” or “PLPC”) have been prepared in accordance with United States ("U.S.") generally accepted accounting principles("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly,they do not include all the information and footnotes required by GAAP for complete financial statements. This Form 10-Q should beread in conjunction with the consolidated financial statements and accompanying notes included in our Form 10-K for the year ended The preparation of these consolidated financial statements requires management to make estimates and assumptions that affect theamounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from theseestimates. In the opinion of management, these consolidated financial statements contain all estimates and adjustments, consisting of Noncontrolling interests are presented in the Company’s consolidated financial statements as if parent company investors (controllinginterests) and other minority investors (noncontrolling interests) in partially-owned subsidiaries have similar economic interests in asingle entity. As a result, investments in noncontrolling interests are reported as equity in the Company’s consolidated financial Certain prior year amounts have been reclassified to conform to the current year presentation. Recently Adopted or Issued Accounting Pronouncements Adopted In November 2023, the FASB issued Accounting Standards Update ("ASU") No. 2023-07, “Segment Reporting (Topic 280):Improvements to Reportable Segment Disclosures.” This ASU enhances reportable segment disclosures on both an annual and interimbasis primarily in regards to the disclosure of significant segment expenses that are regularly provided to the chief operating decisionmaker ("CODM") and included within the reported measure(s) of segment profit or loss. In addition, the ASU requires disclosure, bysegment, of other items included in the reported measure(s) of segment profit or loss, including qualitative information describing thecomposition, nature and type of each item. The ASU also expands disclosure requirements related to the CODM, including how thereported measure(s) of segment profit or loss are used to assess segment performance and allocate resources, the method used to Not Yet Adopted In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to IncomeTax Disclosures.” This ASU enhances income tax disclosures by providing information to better assess how an entity's operations,related tax risks, tax planning and operational opportunities affect its tax rate and prospects for future cash flows. This ASU requiresadditional disclosures to the annual effective tax r