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.
Net sales increased 67% to $127.3 million compared to the prior year quarter.
Fire Safety sales increased 85% to $98.5 million compared to the prior year quarter.
Specialty Products sales increased 25% to $28.7 million compared to the prior year quarter.
Adjusted EBITDA increased 209% to $64.9 million compared to the prior year quarter.
No forward guidance was provided in the press release.
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