34 unchanged sentences
International Operations
−Removed: The international operations of the Company are essentially the same as its domestic (“PLP-USA”) business.
+Added: The international operations of the Company are similar to its domestic (“PLP-USA”) business.
The Company manufactures similar types of products in its international plants as are sold domestically, sells to similar types of customers and faces similar types of competition (and in some cases, the same competitors).
18 unchanged sentences
In addition to testing, the work performed at the Company’s Research and Development Center continues to fuel product development efforts.
−Removed: The Company’s position in the industry is further reinforced by its long-standing leadership role in many key international technical organizations which are charged with the responsibility of establishing industry-wide specifications and performance criteria, including IEEE (Institute of Electrical and Electronics Engineers), CIGRE (Counsiel Internationale des Grands Reseaux Electriques a Haute Tension), and IEC (International Electromechanical Commission).
+Added: The Company’s position in the industry is further reinforced by its long-standing leadership role in many key international technical organizations which are charged with the responsibility of establishing industry-wide specifications and performance criteria, including IEEE (Institute of Electrical and Electronics Engineers), CIGRE (Conseil Internationale des Grands Reseaux Electriques a Haute Tension), and IEC (International Electromechanical Commission).
Research and development costs are expensed as incurred.
11 unchanged sentences
As of December 31, 2025, the Company had obtained U.S.
−Removed: registration on 31 trademarks, and 5 trademark applications remained pending.
+Added: registration on 35 trademarks, and no trademark applications remained pending.
International registrations amounted to 242 registrations in 47 countries, with 4 pending international registrations.
35 unchanged sentences
However, there are other potential sources available for these materials, and the Company believes that it could relocate the tooling and processes to other manufacturers if necessary.
−Removed: During the twelve months ending December 31, 2024, the previous inflationary headwinds we experienced related to raw materials, specifically plastic resins, aluminum and sand (grit), have generally subsided.
−Removed: Costs related to shipping and freight have similarly fallen from their 2022 peak.
−Removed: Given the uncertainties in the macro-economic environment, we cannot determine if these trends
−Removed: will continue.
−Removed: If inflationary pressures persist or new tariffs are sustained, it may require further price adjustments to maintain profit margin and any price increases may have a negative effect on demand.
+Added: During the twelve months ending December 31, 2025, the high tariff environment significantly impacted the costs of raw material imports, especially steel and aluminum.
+Added: Given the current macro-economic and political climates, the February 2026 U.S.
+Added: Supreme Court ruling that set aside unlawfully imposed tariffs (but not tariffs on steel and aluminum) and the further tariff actions that
+Added: followed, it is difficult to predict the scope, duration, and application of current and future tariffs and other trade measures.
+Added: As new tariffs are enacted, additional trade restrictions are imposed or inflationary pressures emerge, it may require further price adjustments to maintain profit margin and any price increases may have a negative effect on demand.
+Added: Further, to the extent amounts are refunded for previously paid tariffs that impacted the Company, it is unknown how such refunds would be processed or the timeline for doing so and whether any such amounts would be recovered by the Company.
Backlog Orders
23 unchanged sentences
The Company is committed to supporting people and planet initiatives and being a responsible contributor to the environment, its employees, and the communities in which it operates.
−Removed: The Company’s locations are focused on efforts to reduce its waste, water and energy consumption through the implementation of such programs as pollution prevention, recycling waste materials in both manufacturing and office facilities, reducing solid waste disposal, reducing harmful air emissions, and implementing alternative energy sources.
+Added: The Company’s locations are focused on efforts to reduce its waste, water and energy consumption through the implementation of such programs as pollution prevention, recycling waste materials in both manufacturing and office facilities, reducing solid waste disposal, reducing air emissions, and implementing alternative energy sources.
Some locations have also achieved the ISO-14001:
Environmental Management Systems Certification.
−Removed: In addition to monitoring and managing compliance with environmental regulations, the Company is also committed to sustainability and environmental protection initiatives.
+Added: In addition to monitoring and managing compliance with environmental regulations, the Company is also committed to being a responsible steward of the environment.
For example, the Company is committed to protecting wildlife by working with utility companies to design and manufacture wildlife protection products that aid in reducing wildlife mortalities from interaction with electric power distribution lines, structures, and equipment.
3 unchanged sentences
Additionally, the Company's product offerings bolster grid reliability and efficiency, increase resilience to climate events and enable transitions to new sources of energy and upgrade aging infrastructure.
−Removed: The Company also quickly provides repair products to
−Removed: customers in the event of emergencies or natural disasters such as hurricanes, tornadoes, earthquakes, floods or ice storms.
+Added: The Company also quickly provides repair products to customers in the event of emergencies or natural disasters such as hurricanes, tornadoes, earthquakes, floods or ice storms.
PLP is a trusted supplier when natural disasters occur.
10 unchanged sentences
The Company’s goal is to create a work environment that enables employees to perform in an environment where they feel respected and valued.
−Removed: As a global company with employees in 21 countries, the Company values its broad diversity of cultures, ethnicities, races, languages, religions, sexual and gender orientations and a diverse, open and inclusive work environment.
+Added: As a global company with employees in many countries, the Company values its broad diversity of cultures, ethnicities, races, languages, religions, sexual and gender orientations and a diverse, open and inclusive work environment.
Workplace satisfaction is key to attracting and retaining employees.
15 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.