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Mar 31, 2023
Perimeter Solutions Q1 2023 Earnings Report
Reported a decrease in net sales and net income, but Fire Safety segment showed slight growth. Specialty Products end-market demand improved sequentially.
Key Takeaways
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.
Net sales decreased 24% to $43.9 million.
Fire Safety sales increased 1% to $18.7 million.
Specialty Products sales decreased 36% to $25.1 million.
Net income decreased to $9.4 million, or $0.06 per diluted share.
Revenue by Segment
Forward Guidance
No forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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