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Sep 30, 2023
Perimeter Solutions Q3 2023 Earnings Report
Net sales and adjusted EBITDA decreased year-over-year, impacted by lower Fire Safety sales due to a decline in U.S. acres burned and continued inventory destocking in Specialty Products.
Key Takeaways
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.
Net sales decreased 11% to $142.7 million compared to the prior-year quarter.
Fire Safety sales decreased 3% to $118.3 million year-over-year.
Specialty Products sales decreased 37% to $24.4 million compared to the prior-year quarter.
Net income decreased to $19.3 million, or $0.12 per diluted share, from $106.2 million, or $0.60 per diluted share in the prior year quarter.
Perimeter Solutions
Perimeter Solutions
Perimeter Solutions Revenue by Segment
Revenue by Segment
Fire Safety Revenue
CapyFin.comSpecialty Products Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income