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Sep 30, 2024
Perimeter Solutions Q3 2024 Earnings Report
Reported strong financial results driven by operational improvements and market normalization.
Key Takeaways
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.
Net sales increased 102% to $288.4 million compared to the prior year quarter.
Fire Safety sales increased 113% to $251.8 million, while Specialty Products sales increased 50% to $36.6 million.
Net loss was $89.2 million, or $0.61 loss per diluted share, compared to a net income of $19.3 million, or $0.12 earnings per diluted share in the prior year quarter.
Adjusted EBITDA increased 177% to $170.4 million compared to 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