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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.
Perimeter Solutions
Perimeter Solutions
Perimeter Solutions Revenue by Segment
Revenue by Segment
Fire Safety Revenue
CapyFin.comSpecialty Products Revenue
CapyFin.com Forward Guidance
No forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income