PRM Research | Milton Maxwell

PRM

Perimeter Solutions, Inc.

27.99

-0.18-0.64%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

4.14B

P/E (TTM)

51.83

Basic EPS (TTM)

0.54

Dividend Yield

Recent Filings

8-K

12/15/25Dec 15, 2025

8-K

12/10/25Dec 10, 2025

8-K

Goldberg steps down as Vice Chairman

11/6/25Nov 6, 2025

Perimeter Solutions announced Edward Goldberg's departure as Vice Chairman effective March 31, 2026, but he'll stay on as a consultant advising on fire safety strategy and key relationships. The board expects to finalize a separation agreement soon, with details to follow. This shift preserves continuity amid leadership changes.

10-Q

Q3 FY2025 results

10/30/25Oct 30, 2025

Perimeter Solutions posted solid Q3 revenue growth of 9% year-over-year to $315.4M, driven by higher fire retardant and suppressant sales in the Fire Safety segment despite fewer acres burned, while Specialty Products added $5.5M from recent acquisitions but offset base declines from tolling downtime. Gross margins held steady at 63.1%, up slightly from 62.9% last year, yet operating losses widened to $87.3M from $35.2M due to a $63.5M spike in fair-value-driven founders advisory fees. Year-to-date, revenue climbed 16% to $550.1M with operating loss narrowing to $35.8M from $65.1M, and diluted EPS improved to -$0.45 from -$1.03, reconciling to 147.9M weighted shares. Cash swelled to $340.6M, bolstered by $219.5M operating cash flow, full $100M revolver availability, and $675M senior notes due 2029 at 5%; two IMS tuck-ins closed in March and September 2025 for $22M cash, adding $1.9M goodwill and $9.5M intangibles amortized over 15 years. Free cash flow hit $196.9M (derived). Volatility in fire seasons remains a key risk.

8-K

Q3 sales up 9%, adjusted EBITDA grows

10/30/25Oct 30, 2025

Perimeter Solutions reported third-quarter 2025 net sales up 9% to $315.4 million, driven by 9% growth in Fire Safety to $273.4 million and 15% in Specialty Products to $42.0 million, yet net loss widened slightly to $90.7 million from $89.2 million last year. Adjusted EBITDA rose 9% to $186.3 million, reflecting strong execution, while the company acquired IMS add-on product lines for $12.0 million on September 12 to bolster its strategy. Fire Safety margins strengthened, but Specialty Products EBITDA fell 29%. Forward-looking statements highlight risks from market uncertainties.

About

Perimeter Solutions, Inc. manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers. The Specialty Products segment develops, produces, and markets products for non-fire safety markets, including phosphorus pentasulfide based lubricant additives used in pesticide and mining chemicals applications, and electric battery technologies. The company was founded in 1963 and is headquartered in Clayton, Missouri with fire retardant production facility in Sacramento, California.

CEO

Mr. Haitham R. Khouri

IPO

11/9/2021

Website

https://www.perimeter-solutions.com

Employees

319

Sector

Basic Materials

Industry

Specialty Chemicals