Preformed Line Products Co 2025年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒Quarterlyreport pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the fiscal quarter endedMarch 31, 2025or☐Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934for the Transition Period From ________To _______Commission file number0-31164 Preformed Line Products Company (Exact name of registrant as specified in its charter) 34-0676895 (State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.) 660 Beta DriveMayfield Village,Ohio44143 (440)461‑5200 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: 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☒No☐ 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. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ The number of shares outstanding as of April18, 2025:4,940,265. Table of Contents Part I – Financial Information Item 1.Financial Statements3Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations18Item 3.Quantitative and Qualitative Disclosures About Market Risk23Item 4.Controls and Procedures23 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.Exhibits25SIGNATURES26 PREFORMED LINE PRODUCTS COMPANYCONSOLIDATED BALANCE SHEETS PREFORMED LINE PRODUCTS COMPANYSTATEMENTS OF CONSOLIDATED INCOME(UNAUDITED) PREFORMED LINE PRODUCTS COMPANYSTATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME(UNAUDITED) PREFORMED LINE PRODUCTS COMPANYSTATEMENTS OF CONSOLIDATED CASH FLOWS(UNAUDITED) PREFORMED LINE PRODUCTS COMPANYSTATEMENTS OF CONSOLIDATED SHAREHOLDERS' EQUITY PREFORMED LINE PRODUCTS COMPANYNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) (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 endedDecember31, 2024 filed on March13, 2025 with the Securities and Exchange Commission. Management has evaluated subsequentevents through the date this Form 10-Q was filed with the Securities and Exchange Commission. 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 ofnormal recurring accruals, required to fairly present the financial position, results of operations, and cash flows for the interim periods.Operating results for the three months ended March31, 2025 are not necessarily indicative of the results to be expected for the full-year ending December31, 2025. 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