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 SA (PRM) provides mission-critical fire safety solutions and specialty chemicals for industrial applications. This news hub offers investors and stakeholders timely updates on corporate developments, financial performance, and operational milestones.
Access official press releases and third-party analysis covering earnings reports, product innovations, safety certifications, and strategic partnerships. Our curated collection helps track regulatory impacts, market expansions, and technological advancements in fire retardants and phosphorus-based additives.
Key updates include developments in wildland fire suppression technologies, lubricant additive applications, and emerging battery chemistry solutions. Bookmark this page for verified information on PRM's operational achievements and industry leadership directly affecting long-term value creation.
Perimeter Solutions (NYSE: PRM) celebrates the 60th anniversary of its iconic PHOS-CHEK brand, a leading fire retardant in wildland firefighting since 1963. This milestone marks significant innovations in fire safety, enhancing firefighting effectiveness with various retardant viscosities. To commemorate, the company launched the PHOS-CHEK 60th Anniversary Virtual Museum, showcasing the brand's legacy, industry pioneers, and wildfire impacts. New content will be added monthly in 2023, reinforcing Perimeter's commitment to improving firefighting solutions.
Perimeter Solutions (NYSE: PRM) reported Q3 2022 net sales of $160.5 million, an 18% decline from Q3 2021. Year-to-date net sales increased 1% to $319.2 million. Fire Safety sales decreased 29% to $122.0 million, while Specialty Products improved, seeing a 68% rise to $38.5 million. Adjusted EBITDA fell 25% to $75.6 million in Q3, with Fire Safety down 38%. Year-to-date net income rose significantly to $123.7 million, or $0.70 per diluted share. Additionally, a new share repurchase authorization of $100 million was announced.
Perimeter Solutions (NYSE: PRM) will announce its third quarter 2022 financial results on November 4, 2022, before market opening. The earnings call is scheduled for 8:30 a.m. ET, featuring Vice Chairman Haitham Khouri, CEO Edward Goldberg, and CFO Charles Kropp. Investors can access the live webcast through the company's investor relations website. A replay of the call will be available until December 4, 2022. Perimeter Solutions is known for producing PHOS-CHEK® and other firefighting products.
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