Perimeter Solutions Sa Stock Price, News & Analysis

Perimeter Solutions (NYSE: PRM) reported strong financial results for Q4 and full year 2024. Full-year net sales increased 74% to $561.0 million, with Fire Safety segment up 93% to $436.3 million and Specialty Products up 29% to $124.7 million. Despite posting a full-year net loss of $5.9 million ($0.04 loss per share), the company achieved adjusted earnings per share of $1.11.

Full-year Adjusted EBITDA saw significant growth, increasing 190% to $280.3 million. The Fire Safety segment's Adjusted EBITDA rose 215% to $240.1 million, while Specialty Products increased 95% to $40.2 million. In Q4, net sales grew 45% to $86.2 million, with net income of $144.2 million ($0.90 per share). The company also acquired IMS, a specialized printed circuit board manufacturer, for $32.8 million in December 2024.

Perimeter Solutions (NYSE: PRM), a leading provider in Fire Safety and Specialty Products industries, has scheduled its fourth quarter 2024 earnings release for Thursday, February 20, 2025, before market opening. The company will host a conference call at 8:30 a.m. ET on the same day.

The earnings presentation will be led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker. Investors can access the live webcast through Perimeter's investor relations website. A replay of the call will be available until March 20, 2025.

Perimeter Solutions (NYSE: PRM) has completed its redomiciliation from Luxembourg to the United States, becoming a Delaware The change was approved by shareholders at a Special Meeting on November 20, 2024. All existing ordinary shares have been exchanged one-for-one for newly issued shares of Perimeter Solutions, Inc., with trading under the same NYSE symbol 'PRM' beginning November 21, 2024. The company's Clayton, Missouri headquarters will serve as both operational and legal headquarters. Management expects benefits including streamlined regulatory compliance, reduced operating expenses, optimized tax strategies, and decreased complexity.

Perimeter Solutions (NYSE: PRM) reported strong Q3 2024 financial results with net sales increasing 102% to $288.4 million. Fire Safety segment sales grew 113% to $251.8 million, while Specialty Products sales rose 50% to $36.6 million. Despite revenue growth, the company recorded a net loss of $89.2 million ($0.61 loss per share), compared to net income of $19.3 million in the prior year. Adjusted EBITDA showed significant improvement, increasing 177% to $170.4 million. The company maintains a strong balance sheet with over $200M in cash and approximately 1.7x LTM net leverage.

Perimeter Solutions (NYSE: PRM) has scheduled its third quarter 2024 earnings release for Tuesday, November 12, 2024, before market opening. The company, which produces PHOS-CHEK long-term fire retardant and other firefighting products, will host a conference call at 8:30 a.m. ET on the same day. The presentation will feature CEO Haitham Khouri, CFO Kyle Sable, and Head of IR Seth Barker. The earnings call will be accessible via webcast through the company's investor relations website, with toll-free and toll dial-in options available. A replay will be accessible until December 12, 2024.

Perimeter Solutions (NYSE: PRM) announced an amendment to its warrant instrument, allowing holders of warrants expiring on November 11, 2024, to exercise them on both a cash and cashless basis. This change is expected to take effect around October 3, 2024. The cashless exercise option enables warrant holders to capture the value difference between the current price of Perimeter's Ordinary Shares and the warrant exercise price without providing cash.

Under the cashless exercise, warrant holders will receive Ordinary Shares equal in value to the volume weighted average price of one Ordinary Share at the time of exercise, less the warrant exercise price, multiplied by the number of warrants being exercised. This amendment aims to provide flexibility to warrant holders while maintaining all other terms of the warrants. Perimeter Solutions will file a supplement to the warrant instrument with the SEC on Form 8-K, detailing the calculation method for cashless exercises.

Perimeter Solutions (NYSE: PRM), known for producing PHOS-CHEK® long-term fire retardant and other firefighting products, has announced its participation in the UBS Global Materials Conference in New York City. The presentation is scheduled for September 4, 2024, at 11:20 AM (ET).

Investors and interested parties can access the live webcast of the presentation through Perimeter's investor relations website at https://ir.perimeter-solutions.com/. Additionally, the presentation materials will be available on the same website. For those unable to attend in person, the webcast can also be accessed through the UBS Conference event page.

This presentation offers an opportunity for stakeholders to gain insights into Perimeter Solutions' operations, strategies, and market position within the firefighting and specialty chemicals industry.

Perimeter Solutions (NYSE: PRM) reported strong Q2 2024 financial results. Net sales increased 67% to $127.3 million, with Fire Safety sales up 85% to $98.5 million and Specialty Products sales up 25% to $28.7 million. Adjusted EBITDA surged 209% to $64.9 million. However, net income decreased to $21.7 million ($0.14 per diluted share) from $52.0 million in Q2 2023.

Year-to-date 2024 results showed a 55% increase in net sales to $186.3 million. Despite this, the company reported a net loss of $60.9 million (-$0.42 per diluted share). Adjusted EBITDA for the period increased by 220% to $77.0 million. The company attributes these improvements to rigorous operational value drivers and supportive demand in both business segments.

Perimeter Solutions (NYSE: PRM), producers of PHOS-CHEK® long-term fire retardant and other firefighting products, has announced its second quarter 2024 earnings call scheduled for Thursday, August 1, 2024, at 8:30 a.m. ET. The company will release its financial results before the market opens on the same day. The presentation will be led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker.

Investors can access the live webcast through Perimeter's investor relations website. The conference call can be joined via the toll-free number 877-407-9764 or the toll number 201-689-8551. A replay will be available until August 31, 2024.