Financial Analysis

Note 17 - Acquisitions of Businesses Acquisition of JAP Telecom On May 1, 2025, the Company acquired all issued and outstanding shares of J.A.P. Industria De Materiais Para Telefonia Ltda., (JAP Telecom) an entity headquartered in Pedreira, Brazil. JAP Telecom is a leading Brazilian designer, manufacturer, and supplier of connectivity solutions for the South American telecommunications infrastructure market with a product portfolio including fiber optic splice closures, connectivity devices, and infrastructure accessories tailored to the specific needs of the local market. JAP Telecom's annual sales for the year ending December 31, 2024 were approximately $4.6 million. The acquisition expands the Company's operational capabilities in the region and strengthens the Company's position in the global communications market. The purchase price was approximately $5.8 million, net of cash received. The acquisition of JAP Telecom is accounted for using the acquisition method of accounting, which requires the assets acquired and liabilities assumed to be recognized at their respective fair values on the acquisition date. The process of estimating the fair values of certain tangible assets, identifiable intangible assets and assumed liabilities requires the use of judgment in determining the appropriate assumptions and estimates. The fair value of the identifiable net assets as acquired was $4.9 million. The Company expects to finalize the valuation in 2026; however, future adjustments …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

"Note 7 - Debt and Credit Arrangements December 31, 2025 2024 Short-term debt Notes payable to banks Thailand Bhat denominated at 3.20% $ 318 $ 2,599 Thailand Bhat denominated at 3.50% 318 Poland Zloty denominated at 5.04% 450 China Yuan Renminbi denominated at 3.05% 685 China Yuan Renminbi denominated at 3.05% 412 Brazil Real denominated at 7.00% 127 Indonesia U.S. Dollar denominated at 5.86% 4,086 Current portion of long-term debt U.S. Dollar denominated at 2.74% 2,050 2,050 Poland Zloty denominated at 5.04% 1,462 Spain Euro denominated at 2.60% 466 Spain Euro denominated at 2.65% 684 Spain Euro denominated at 2.50% 570 Brazil Real denominated at 8.30% 200 Czech Republic Koruna denominated at 3.00% 42 Czech Republic Koruna denominated at 4.00% 101 86 Czech Republic Koruna denominated at 2.00% 59 52 Total short-term debt $ 6,605 $ 10,212 Long-term debt, including current portion U.S. Dollar denominated at 2.74%, due 2031 $ 10,592 $ 12,642 Poland Zloty denominated at 5.26% due 2028 5,013 4,390 Poland Zloty denominated at 5.04% due 2035 10,691 Austria Euro denominated at 3.10% due 2028 1,118 990 New Zealand Dollar denominated at 4.27% due 2028 1,828 1,779 Brazil Real denominated at 8.30% due 2025 200 Spain Euro denominated at 2.60% due 2030 2,812 Spain Euro denominated at 2.65% due 2031 2,815 Spain Euro denominated at 2.50% due 2030 2,524 Czech Republic Koruna denominated at 7.00% due 2030 245 80 Czech Republic Koruna denominated at 4.00% due 2031 555 560 Czech Republic Koruna …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents the Companys revenues disaggregated by segment and product type: Year Ended December 31, 2025 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 63 % 80 % 74 % 77 % 71 % Communications 32 19 19 3 22 Special Industries 5 1 7 20 7 Total 100 % 100 % 100 % 100 % 100 % Year Ended December 31, 2024 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 63 % 80 % 71 % 77 % 71 % Communications 30 18 24 3 22 Special Industries 7 2 5 20 7 Total 100 % 100 % 100 % 100 % 100 % …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

"Note 10 - Share-Based Compensation 2016 and 2025 Incentive Plan The Company maintains an equity award program to provide the Company a competitive advantage in attracting, retaining, and motivating officers, employees and directors and to provide an incentive to those individuals to increase shareholder value through long-term incentives directly linked to the Companys performance. The Preformed Line Products Company 2016 Incentive Plan (the Incentive Plan) was effective upon approval by the Companys Shareholders at the 2016 Annual Meeting of Shareholders on May 10, 2016. Under the Incentive Plan, certain employees, officers, and directors were eligible to receive awards of options and RSUs. The total number of Company common shares reserved for awards under the Incentive Plan is 1,000,000 of which 900,000 common shares have been reserved for RSUs and 100,000 common shares have been reserved for share options. As of December 31, 2025, 77,500 options and 603,641 RSUs have been granted under the Incentive Plan. The Incentive Plan expires on May 10, 2026 with respect to awards granted under the Incentive Plan through May 13, 2025. The Preformed Line Products Company 2025 Incentive Plan (the ""2025 Plan"") was effective upon approval by the Company's Shareholders at the 2025 Annual Meeting of Shareholders on May 13, 2025. Effective as of May 14, 2025, no additional awards will be granted under the 2016 Incentive Plan. Shares subject to awards that are outstanding under the 2016 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Note 13 - Fair Value of Financial Assets and Liabilities The Company measures and records certain assets and liabilities at fair value. A fair value hierarchy is used for those assets and liabilities measured at fair value that distinguishes between assumptions based on market data (observable inputs), and the Companys assumptions (unobservable inputs). The hierarchy consists of the following three levels: Level 1 Inputs Quoted market prices in active markets for identical assets or liabilities. Level 2 Inputs Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 Inputs Unobservable inputs that are not corroborated by market data. The following table summarizes the Companys assets and liabilities, recorded and measured at fair value, in the consolidated balance sheets as of December 31, 2025 and 2024: Description Balance as of December 31, 2025 Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Foreign currency forward contracts $ $ $ $ Fixed income investments Total assets $ $ $ $ Liabilities: Foreign currency forward contracts $ 97 $ $ 97 $ Supplemental profit sharing plan 10,785 10,785 Total liabilities $ 10,882 $ $ 10,882 $ Description Balance as of December 31, 2024 Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobs …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Note 12 - Goodwill and Other Intangibles The Companys finite and indefinite-lived intangible assets consist of the following: December 31, 2025 December 31, 2024 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Finite-lived intangible assets Patents $ 4,806 $ (4,806) $ 4,806 $ (4,806) Land use rights 727 (147) 637 (122) Trademark 2,022 (1,736) 1,910 (1,685) Technology 7,240 (4,777) 6,582 (3,933) Customer relationships 19,528 (12,717) 17,399 (11,132) $ 34,323 $ (24,183) $ 31,334 $ (21,678) Indefinite-lived intangible assets Goodwill $ 30,684 $ 26,685 The aggregate amortization expense for other intangibles with finite lives, ranging from 1 year to 65 years, for the years ended December 31, 2025, 2024 and 2023 was $1.4 million, $1.8 million, and $1.8 million, respectively. Amortization expense is estimated to be $1.5 million for 2026, 2027, and 2028, $1.3 million for 2029, and $1.0 million for 2030. The weighted-average remaining amortization period is approximately 10.9 years. The weighted-average remaining amortization period by intangible asset class; land use rights, 64.7 years; trademark, 10.9 years; technology, 5.2 years and customer relationships, 8.5 years. The Company may use both quantitative and qualitative approaches when testing goodwill for impairment. For selected reporting units where the qualitative approach is utilized, a qualitative evaluation of events and circumstances impacting the reporting unit is performed to …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Note 9 - Income Taxes Income before income taxes was derived from the following sources: 2025 2024 2023 United States $ 22,395 $ 19,476 $ 57,736 Foreign 23,225 31,294 24,608 Total income before income taxes $ 45,620 $ 50,770 $ 82,344 The components of income taxes for the years ended December 31 are as follows: 2025 2024 2023 Current Federal $ 4,633 $ 2,646 $ 12,263 Foreign 6,140 9,613 6,654 State and local 716 316 2,322 11,489 12,575 21,239 Deferred Federal (506) 2,139 (1,866) Foreign (431) (1,507) 11 State and local (239) 452 (377) (1,176) 1,084 (2,232) Income taxes $ 10,313 $ 13,659 $ 19,007 A reconciliation of the provision for income taxes to the amount computed by applying the 21% statutory U.S. federal income tax rate to income before income taxes after the adoption of ASU 2023-09 is as follows: Amount Percent US Federal Statutory Tax Rate $9,594 21.0% State and Local Tax, net of Federal Benefit (a) 326 0.6 Foreign Tax Effects 1,583 3.5 Effect of Changes in Tax Laws or Rates Enacted in the Current Period Tax Credits: Foreign Tax Credits (682) (1.5) Other (56) (0.1) Effect of Cross Border Tax Laws: Global intangible low taxed income 437 1.0 Other (99) (0.2) Valuation Allowances 149 0.3 Non-Taxable or Nondeductible items: Non-deductible Officers' Compensation 1,715 3.8 Excess Tax Benefit from RSUs (1,186) (2.6) Other 9 Changes in Unrecognized Tax Benefits 34 0.1 Other Adjustments: Pension Termination (1,414) (3.1) Other (97) (0.2) Effective Tax Rate $10,313 22.6% (a) Sta …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Note 8 - Leases The Company regularly enters into leases in the normal course of business. As of December 31, 2025, the leases in effect were related to land, buildings, vehicles, office equipment and other production equipment under operating leases with lease terms of up to 83 years. Some of the Company's leases include one or more renewal options, the exercise of which is generally at the Company's discretion. In addition, certain lease arrangements may be terminated prior to their original expiration date at the Companys discretion. The Company evaluates renewal and termination options at the lease commencement date to determine if the Company is reasonably certain to exercise the option on the basis of economic factors. The weighted average remaining lease term for the Companys operating and financing leases as of December 31, 2025 was 18.8 years and 3.0 years, respectively. Lease expense is recognized for these leases on a straight-line basis over the lease term with variable lease payments recognized in the period those payments are incurred. The components of operating and finance lease costs are recognized in Costs and expenses and Interest expense, respectively, on the Companys Consolidated Statements of Income. The Companys operating and finance lease costs for the years ended December 31 were as follows: Year Ended December 31, 2025 2024 2023 Components of lease expense: Operating lease cost $ 2,438 $ 2,353 $ 2,767 Finance lease cost: Amortization of right-of-use …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Recently Adopted or Issued Accounting Pronouncements Adopted In November 2023, the FASB issued Accounting Standards Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU enhances reportable segment disclosures on both an annual and interim basis primarily in regards to the disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (CODM) and included within the reported measure(s) of segment profit or loss. In addition, the ASU requires disclosure, by segment, of other items included in the reported measure(s) of segment profit or loss, including qualitative information describing the composition, nature and type of each item. The ASU also expands disclosure requirements related to the CODM, including how the reported measure(s) of segment profit or loss are used to assess segment performance and allocate resources, the method used to allocate overhead for significant segment expenses and others. Lastly, all current required annual segment reporting disclosures under Topic 280 are now effective for interim periods. The ASU was effective for the Company's 2024 fiscal year and interim periods beginning with the quarter ended March 31, 2025. The adoption of this new standard did not have a material impact on the consolidated financial statements, other than the updated segment disclosures included within Note 15, ""Segment Information"". In December 2023, the FASB issued Acco …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"Note 5 - Pension Plans The Company maintained a noncontributory defined benefit pension plan covering eligible U.S. employees (the ""U.S. Plan""). On December 12, 2012, the Company approved a freeze on further benefit accruals under the U.S. Plan and notified the participants of the freeze on December 19, 2012. Beginning February 1, 2013, participants ceased earning additional benefits under the U.S. Plan and no new participants entered the U.S. Plan. In August 2023, the Board of Directors of the Company approved a resolution to terminate the U.S. Plan. The Company used a December 31 measurement date for the U.S. Plan. The Company completed its U.S. Plan termination in the third quarter of 2025 through the purchase of a group annuity contract. Prior to the termination, the U.S. Plan was amended to provide certain participants who are not currently receiving benefits the opportunity during an election period of April 1, 2025 to May 31, 2025 to elect to receive their benefit in the form of a lump sum. Lump-sum payments of approximately $13.1 million were made during July and August of 2025 in connection with such elections. In August 2025, the Company contributed approximately $2.9 million to the U.S. Plan and purchased an annuity contract through a financial institution for approximately $18.0 million to fully liquidate the U.S. Plan. Due to the termination of the U.S. Plan in August 2025, the Company remeasured the U.S. Plan at August 31, 2025. In the third quarter, the Comp …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Note 16 - Related Party Transactions During each of the years ended December 31, 2024 and 2023, the Company paid approximately $0.2 million and $0.2 million, respectively, in legal fees to Baker & Hostetler LLP, of which Steven Kestner, a member of our Board of Directors, was a Partner. On October 28, 2020, the Board of the Directors of the Company approved the appointment of David C. Sunkle to serve on its Board of Directors effective upon his retirement at December 31, 2020 for a term commencing January 1, 2021. At the annual meeting of shareholders on May 7, 2024, Mr. Sunkle was re-elected to serve on the Board of Directors to a term that expires in 2026. In addition, Mr. Sunkle had a consulting agreement with the Company that expired on December 31, 2025.

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"Note 14 - Revenue Revenue recognition Sales are recognized when obligations under the terms of the contract are satisfied and control of promised goods or services have transferred to our customers. Control is transferred when the customer has the ability to direct the use of and obtain benefits from the goods or services and is primarily based on shipping terms. Sales are measured as the amount of consideration the Company expects to receive in exchange for transferring products. Net sales include products and shipping and handling charges, net of estimates for product returns. The Company estimates product returns based on historical return rates. Revenue for shipping and handling charges are recognized at the time the products are shipped to, delivered to or picked up by the customer. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as fulfillment costs and are included in cost of goods sold. Payment terms vary by the type and location of the customer and the products or services offered. Generally, the time between when revenue is recognized, and payment is due is not significant. Sales, value added, and other taxes collected concurrent with revenue are excluded from sales. PLP records reductions to sales for returns, and customer and distributor incentives, primarily comprised of rebates, at the time of the initial sale. Rebates are estimated based on sales terms, historical experie …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"Note 15 - Segment Information The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in FASB ASC 280, Segment Reporting. Each segment distributes a full range of the Companys primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Companys traditional products primarily supporting domestic energy, telecommunications and special industries products. The other three segments, The Americas, EMEA and Asia-Pacific support the Companys energy, telecommunications, data communication and special industries products in each respective geographical region. The segment managers responsible for each region report directly to the Companys Executive Chairman, who is the chief operating decision maker (""CODM"") and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire company rather than the results of any individual business component of the segment. The amount of each segments performance reported to the CODM is for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on gross sales and income before income taxes. The …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Note 1 - Significant Accounting Policies Nature of Operations Preformed Line Products Company and subsidiaries (the Company) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, data communication and other similar industries. The Companys primary products support, protect, connect, terminate and secure cables and wires. The Company provides helical solutions, connectors, fiber optic and copper splice closures, solar framing applications, and electric vehicle charging station foundations. The Companys customers include public and private energy utilities and communication companies, cable operators, contractors and subcontractors, distributors and value-added resellers. The Company serves its worldwide markets through strategically located domestic and international manufacturing facilities. Principles of Consolidation and Noncontrolling Interests The accompanying consolidated financial statements, including the accounts of the Company and its wholly-owned subsidiaries for which it has a controlling interest, were prepared in accordance with accounting principles generally accepted in the United States of America (""U.S. GAAP"") and include the assets, liabilities, revenues and expenses of all majority-owned subsidiaries over which the Company exercises control. Intercompany transactions and balances are eliminated in consolidation. Noncontr …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

"NOTE 14 - ACQUISITION OF BUSINESSES Acquisition of JAP Telecom On May 1, 2025, the Company acquired all issued and outstanding shares of J.A.P. Industria De Materiais Para Telefonia Ltda., (JAP Telecom) an entity headquartered in Pedreira, Brazil. JAP Telecom is a leading Brazilian designer, manufacturer, and supplier of connectivity solutions for the South American telecommunications infrastructure market with a product portfolio including fiber optic splice closures, connectivity devices, and infrastructure accessories tailored to the specific needs of the local market. JAP Telecom's annual sales for the year ending December 31, 2024 were approximately $4.6 million. The acquisition expands the Company's operational capabilities in the region and strengthens the Company's position in the global communications market. The purchase price was approximately $5.8 million, net of cash received. The acquisition of JAP Telecom is accounted for using the acquisition method of accounting, which requires the assets acquired and liabilities assumed to be recognized at their respective fair values on the acquisition date. The process of estimating the fair values of certain tangible assets, identifiable intangible assets and assumed liabilities requires the use of judgment in determining the appropriate assumptions and estimates. The fair value of the identifiable net assets as acquired was $4.9 million. Goodwill is calculated as the excess of the consideration transferred over the net …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 8 - DEBT AND CREDIT ARRANGEMENTS PNC Bank Credit Facility As of June 30, 2026, the Company maintained a credit facility (the ""Facility"") with PNC Bank, National Association (""PNC"") with a capacity of $60.0 million and a maturity date of June 30, 2028. The interest rate is defined as the Secured Overnight Financing Rate (SOFR) plus 1.225% unless the Companys funded debt to Earnings before Interest, Taxes and Depreciation ratio exceeds 3.00 to 1, at which point the SOFR spread becomes 1.600%. At June 30, 2026, the Company had utilized $6.7 million with $53.3 million available on the Facility. There were no long-term outstanding letters of credit on the Facility as of June 30, 2026. Our bank debt to equity percentage was 8.6%. The Facility contains, among other provisions, requirements for maintaining levels of net worth and profitability. At June 30, 2026, the Company was in compliance with these covenants. Corporate Aircraft Term Loan On January 19, 2021, the Company received funding for a term loan from PNC Equipment Finance, LLC in the principal amount of $20.5 million for the full amount of the purchase price for a new corporate aircraft. The term of the loan is 120 months at a fixed interest rate of 2.744%. The loan is payable in 119 equal monthly installments, which commenced on March 1, 2021 with a final payment of any outstanding principal and accrued interest due and payable on the final monthly payment date. Of the $9.6 million outstanding on this debt facil …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The Companys revenues by segment and product type are as follows: Three Months Ended June 30, 2026 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 65% 83% 72% 73% 70% Communications 32% 16% 20% 3% 23% Special Industries 3% 1% 8% 24% 7% Total 100% 100% 100% 100% 100% Three Months Ended June 30, 2025 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 63% 83% 69% 76% 70% Communications 32% 16% 21% 4% 22% Special Industries 5% 1% 10% 20% 8% Total 100% 100% 100% 100% 100% Six Months Ended June 30, 2026 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 66% 79% 73% 75% 71% Communications 31% 20% 20% 3% 23% Special Industries 3% 1% 7% 22% 6% Total 100% 100% 100% 100% 100% Six Months Ended June 30, 2025 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 61% 84% 71% 76% 70% Communications 34% 15% 21% 3% 23% Special Industries 5% 1% 8% 21% 7% Total 100% 100% 100% 100% 100% …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

"NOTE 12 - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to satisfy a liability in an orderly transaction between market participants. The Company measures and records certain assets and liabilities at fair value. A fair value hierarchy is used for those assets and liabilities measured at fair value that distinguishes between assumptions based on market data (observable inputs), and the Companys assumptions (unobservable inputs). The hierarchy consists of the following three levels: (Level 1 Inputs) quoted market prices in active markets for identical assets or liabilities; (Level 2 Inputs) observable market-based inputs or unobservable inputs that are corroborated by market data; and (Level 3 Inputs) unobservable inputs that are not corroborated by market data. The following table summarizes the Companys assets and liabilities, recorded and measured at fair value, in the Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025: Description Balance as of June 30, 2026 Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Foreign currency forward contracts $ $ $ $ Total assets $ $ $ $ Liabilities: Foreign currency forward contracts $ 12 $ $ 12 $ Supplemental profit sharing plan 12,120 12,120 Total liabilities $ 12,132 $ $ 12,132 …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

NOTE 11 - GOODWILL AND OTHER INTANGIBLES The Companys finite and indefinite-lived intangible assets consist of the following: June 30, 2026 December 31, 2025 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Finite-lived intangible assets Patents $ 4,806 $ (4,806) $ 4,806 $ (4,806) Land use rights 694 (148) 727 (147) Trademark 2,029 (1,750) 2,022 (1,736) Technology 7,045 (4,901) 7,240 (4,777) Customer relationships 19,576 (13,087) 19,528 (12,717) $ 34,150 $ (24,692) $ 34,323 $ (24,183) Indefinite-lived intangible assets Goodwill $ 36,419 $ 30,684 The Companys measurement date for its annual impairment test for goodwill is October 1st of each year. The Company performs additional interim impairment assessments as circumstances warrant. There were no indicators of impairment noted for the period ending June 30, 2026. The Company may use both quantitative and qualitative approaches when testing goodwill for impairment. For selected reporting units where the qualitative approach is utilized, a qualitative evaluation of events and circumstances impacting the reporting unit is performed to determine if it is more likely than not that the fair value of the reporting unit exceeds its carrying amount. If that determination is made, no further evaluation is necessary. Otherwise, the Company performs a quantitative impairment test on the reporting unit. For the quantitative approach, the Company uses a combination of the income approach, which …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 9 - INCOME TAXES For the three-month period ended June 30, 2026 and 2025, the Companys effective tax rate was 24% and 27%, respectively. The lower effective tax rate was mainly due to the impact from certain nondeductible compensation adjustments in Q2 2025. For the six-month period ended June 30, 2026 and 2025, the Company's effective tax rate was 25% and 22% respectively. The higher effective tax rate was mainly due to a reduction in the net benefit related to incentive compensation and a valuation allowance recorded on deferred tax assets related to the Company's French subsidiary. The Company provides valuation allowances against deferred tax assets when it is more likely than not that some portion or all of its deferred tax assets will not be realized. During the six-month period ended June 30, 2026, no other valuation allowances were recorded other than the amount recorded related to the Company's French subsidiary in the first quarter of 2026. For the six-month periods ending June 30, 2026 and 2025, the Company did not record any new uncertain tax positions. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"Recently Adopted or Issued Accounting Pronouncements and Regulations Not Yet Adopted In November 2024, the FASB issued Accounting Standards Update No. 2024-03, Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU improves disclosures about a public business entitys expenses and addresses requests from investors for more detailed information about the types of expenses commonly presented in expense captions. Coupled with recent standards that enhanced the disaggregation of revenue and income tax information, the disaggregated expense information required by the amendments in this ASU will enable investors to better understand the major components of an entitys income statement. This ASU is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the impact of adopting this ASU. In September 2025, the FASB issued Accounting Standards Update No. 2025-06, ""Intangibles - Goodwill and Other Internal-Use Software (Subtopic 350-40): Targets Improvements to the Accounting for Internal-Use Software."" This ASU removes all references to software development ""project stages."" Instead, capitalization begins when the following conditions are met: management has authorized funding the software project, it is probable that the project will be complet …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 6 - PENSION PLANS The Company completed the termination of the Preformed Line Products Company Employees Retirement Plan (the U.S. Plan) in the third quarter of 2025 through the purchase of a group annuity contract. Prior to the termination, the U.S. Plan was amended to provide certain participants who are not currently receiving benefits the opportunity during an election period of April 1, 2025 to May 31, 2025 to elect to receive their benefit in the form of a lump sum. Lump-sum payments of approximately $13.1 million were made during July and August of 2025 in connection with such elections. In August 2025, the Company contributed approximately $2.9 million to the U.S. Plan and purchased an annuity contract through a financial institution for approximately $18.0 million to fully liquidate the U.S. Plan. As of the year ended December 31, 2025, the Company recorded a total non-cash pre-tax charge associated with the U.S. Plan termination of $11.7 million, of which $8.8 million represents the acceleration of deferred charges previously accrued in accumulated other comprehensive loss and $2.9 million represents the actuarial loss. Due to the termination of the U.S. Plan in August 2025, there was no net periodic pension expense for the three and six months ended June 30, 2026. Excluding the pension termination charges, net periodic pension expense for the U.S. Plan for the three- and six-month periods ended June 30, 2025, respectively, follows: Three Months Ended June 30, …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2 - REVENUE Revenue Recognition Sales are recognized when obligations under the terms of the contract are satisfied and control of promised goods or services have transferred to our customers. Control is transferred when the customer has the ability to direct the use of and obtain benefits from the goods or services and is primarily based on shipping terms. Sales are measured as the amount of consideration the Company expects to receive in exchange for transferring products. Disaggregated Revenue The Companys revenues by segment and product type are as follows: Three Months Ended June 30, 2026 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 65% 83% 72% 73% 70% Communications 32% 16% 20% 3% 23% Special Industries 3% 1% 8% 24% 7% Total 100% 100% 100% 100% 100% Three Months Ended June 30, 2025 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 63% 83% 69% 76% 70% Communications 32% 16% 21% 4% 22% Special Industries 5% 1% 10% 20% 8% Total 100% 100% 100% 100% 100% Six Months Ended June 30, 2026 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 66% 79% 73% 75% 71% Communications 31% 20% 20% 3% 23% Special Industries 3% 1% 7% 22% 6% Total 100% 100% 100% 100% 100% Six Months Ended June 30, 2025 Product Type PLP-USA The Americas EMEA Asia-Pacific Consolidated Energy 61% 84% 71% 76% 70% Communications 34% 15% 21% 3% 23% Special Industries 5% 1% 8% 21% 7% Total 100% 100% 100% 100% 100% Credit Losses for Receivables …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"NOTE 13 - SEGMENT INFORMATION The Company reports its segments in four geographic regions: PLP-USA, The Americas, EMEA (Europe, Middle East & Africa) and Asia-Pacific in accordance with accounting standards codified in FASB ASC 280, ""Segment Reporting"". Each segment distributes a full range of the Companys primary products. The PLP-USA segment is comprised of U.S. operations manufacturing the Companys traditional products primarily supporting domestic energy, telecommunications and special industries products. The other three segments, The Americas, EMEA and Asia-Pacific, support the Companys energy, telecommunications, data communication and special industries products in each respective geographical region. The segment managers responsible for each region report directly to the Companys Executive Chairman, who is the chief operating decision maker (""CODM""), and are accountable for the financial results and performance of their entire segment for which they are responsible. The business components within each segment are managed to maximize the results of the entire Company rather than the results of any individual business component of the segment. The amount of each segments performance reported to the CODM is for purposes of making decisions about allocating resources to the segment and assessing its performance. The Company evaluates segment performance and allocates resources based on several factors primarily based on gross sales and income before income taxes …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES The accompanying 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 be read in conjunction with the consolidated financial statements and accompanying notes included in our Form 10-K for the year ended December 31, 2025 filed on March 5, 2026 with the Securities and Exchange Commission. Management has evaluated subsequent events 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 the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from these estimates. In the opinion of management, these consolidated financial statements contain all estimates and adjustments, consisting of normal recurring accruals, required to fairly present the financial position, results of operations, and cash flows for the interim periods. Operating results for the three and six months ended June 30, 2026 are not necess …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing