Perimeter Solutions Earnings Reports

Perimeter Solutions reported a significant increase in net income and a strong rise in Adjusted EBITDA for Q1 2025, driven by increased net sales in both Fire Safety and Specialty Products segments. The company also completed an acquisition and repurchased shares during the quarter.

Perimeter Solutions reported strong Q4 2024 financial results, with a 45% increase in net sales to $86.2 million compared to the prior-year quarter. Net income for the quarter was $144.2 million, or $0.90 per diluted share, a significant improvement from the net loss of $13.2 million in the prior-year quarter. Adjusted EBITDA increased by 193% to $32.9 million. The company also acquired IMS for $32.8 million, expanding into printed circuit board products.

Perimeter Solutions reported a significant increase in net sales and adjusted EBITDA for the third quarter of 2024. Net sales increased by 102% to $288.4 million, and adjusted EBITDA increased by 177% to $170.4 million. However, the company experienced a net loss of $89.2 million, or $0.61 loss per diluted share.

Perimeter Solutions reported a significant increase in net sales and Adjusted EBITDA for Q2 2024. Net sales increased by 67% to $127.3 million, and Adjusted EBITDA increased by 209% to $64.9 million. However, net income decreased to $21.7 million, or $0.14 per diluted share.

Perimeter Solutions reported a 35% increase in net sales to $59.0 million. Fire Safety sales increased by 34% to $25.2 million, and Specialty Products sales increased by 35% to $33.9 million. Adjusted EBITDA increased by 289% to $12.1 million. Net loss was $82.6 million, or $0.57 per diluted share.

Perimeter Solutions reported a 44% increase in net sales for the fourth quarter, reaching $59.5 million, and a significant increase in Adjusted EBITDA, up 433% to $11.2 million. However, the net loss for the quarter was $13.2 million, or $(0.09) per diluted share.

Perimeter Solutions reported a decrease in net sales and adjusted EBITDA for the third quarter of 2023, primarily driven by lower Fire Safety sales due to reduced U.S. acres burned and ongoing inventory destocking in the Specialty Products segment. Net income also decreased significantly compared to the prior-year quarter.

Perimeter Solutions reported a decrease in net sales by 25% to $76.1 million and a 41% decrease in Adjusted EBITDA to $21.0 million. However, net income increased by $43.1 million to $52.0 million, or $0.31 per diluted share.

Perimeter Solutions reported a decrease in net sales by 24% to $43.9 million compared to the prior year quarter. Net income also decreased to $9.4 million, or $0.06 per diluted share, from $37.0 million, or $0.21 per diluted share in the prior year quarter. Fire Safety sales increased slightly, while Specialty Products sales decreased significantly. Adjusted EBITDA decreased by 74% to $3.1 million.

Perimeter Solutions reported a decrease in net sales by 10% and a net loss of $60.4 million for the fourth quarter of 2022. The company's Fire Safety segment experienced a significant decrease in Adjusted EBITDA, while the Specialty Products segment saw a slight increase.

Perimeter Solutions reported a decrease in net sales by 18% and a decrease in Adjusted EBITDA by 25% for the third quarter of 2022, as compared to the prior-year quarter, driven by the mild North America fire season.