Welcome to our dedicated page for Perimeter Solutions Sa news (Ticker: PRM), a resource for investors and traders seeking the latest updates and insights on Perimeter Solutions Sa stock.
Perimeter Solutions, Inc. reports developments for an operating company serving the Fire Safety and Specialty Products industries. Its Fire Safety segment formulates and manufactures fire retardants, firefighting foams and related fire-management products, and it provides specialized equipment and services such as retardant storage, mixing, delivery and mobile application systems for government and commercial customers.
Company news also covers earnings releases, segment performance, acquisitions, capital actions and corporate actions, including its completed redomicile from Luxembourg to a Delaware corporation in 2024. Specialty Products updates include phosphorus pentasulfide, or P2S5, products used in lubricant additives and other industrial applications, as well as IMS electronic and electro-mechanical components for medical systems, communications infrastructure, energy infrastructure, defense systems and industrial markets.
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.
Perimeter Solutions (NYSE: PRM) has donated a 260-gallon tote of PHOS-CHEK® LCE20-Fx fire retardant to Logan Lake Fire Department in British Columbia, Canada. Logan Lake, a community at high risk of wildfires, can use this retardant both proactively and during active wildfires to protect property. The fire retardant creates a chemical barrier, preventing vegetation from fueling fires. In 2021, Logan Lake's FireSmart™ Community principles helped it withstand the Tremont Creek Fire, which burned 63,548 hectares. Perimeter hosted an educational session on the use of ground-applied fire retardants, leading to the donation.
Perimeter Solutions, a leading provider of firefighting products and specialty chemicals, reported strong financial results for Q1 2024. Net sales increased by 35% to $59.0 million. Fire Safety sales rose by 34% to $25.2 million, while Specialty Products sales increased by 35% to $33.9 million. Adjusted EBITDA surged by 289% to $12.1 million. However, the net loss was $82.6 million, or $0.57 per diluted share, a stark contrast to the prior year's net income of $9.4 million.
Perimeter Solutions (NYSE: PRM) will release its financial results for the first quarter of 2024 on May 9, 2024, before the market opens. The conference call to discuss the results will be held at 8:30 a.m. ET on the same day, led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker.
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