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.
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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.