Perimeter Solutions Sa Stock Price, News & Analysis

Perimeter Solutions (NYSE: PRM) has appointed Jeff Emery as the new President of Global Fire Safety, responsible for the Fire Suppressant and Wildfire divisions. Emery, bringing over 20 years of industry experience from Norgren, Scott Safety, and 3M, is expected to strengthen the company's commitment to innovation and reliable products. CEO Edward Goldberg emphasized the importance of Emery's expertise in facing challenges in fire safety. Emery has also held advisory roles within the fire safety community, showcasing his dedication to saving lives and enhancing community protection.

Perimeter Solutions (NYSE: PRM) reported a remarkable 70% increase in net sales for Q1 2022, totaling $57.8 million, compared to $33.9 million in Q1 2021. Fire Safety sales surged 141% to $18.5 million, while Oil Additives saw a 50% increase to $39.3 million. The company shifted from a net loss of $18.5 million in the prior year to a net income of $37.8 million, equating to $0.22 per diluted share. Adjusted EBITDA soared 285% to $12.0 million, driven largely by the success in the Oil Additives segment.

Perimeter Solutions (NYSE: PRM) will release its financial results for Q1 2022 on May 9, 2022, before market opens. A conference call is scheduled for 8:30 AM ET the same day, led by Vice Chairman Haitham Khouri and CEO Edward Goldberg. Interested parties can access the call via the company's investor relations website. The results will be discussed in detail, emphasizing the company’s strong position in producing firefighting products, including PHOS-CHEK®. Investors should stay tuned for insights on performance and future outlook during the call.

Perimeter Solutions, SA (NYSE: PRM) reported a 7% increase in net sales for 2021, totaling $362.3 million, up from $339.6 million in 2020. The Fire Safety segment sales rose to $261.2 million, while Oil Additives also increased to $101.2 million. However, the company faced a significant net loss of $659.8 million in 2021, compared to a net income of $24.2 million in 2020. The fourth quarter saw a sharp 18% decrease in net sales to $45.9 million, with losses deepening to $689.5 million. Despite these challenges, management expressed optimism for 2022, expecting stable growth.

Perimeter Solutions (NYSE: PRM) will announce its fourth quarter 2021 financial results on March 24, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET to discuss the results with key executives, including Vice Chairman Haitham Khouri, CEO Edward Goldberg, and CFO Barry Lederman. Investors can access the call via the investor relations website or by phone. Replay options will be available until April 24, 2022. Perimeter Solutions is known for its premium firefighting products, including PHOS-CHEK®.

Fortress North America announces the appointment of Tom Davis as Chief Manufacturing and Supply Chain Officer, starting January 10, 2022. With over 30 years in the chemical industry, including leadership roles at Perimeter Solutions (PRM: NYSE), Davis is set to enhance Fortress’s global supply chain capabilities across manufacturing facilities in Ogden, Utah and Rocklin, California, along with a new powder retardant facility. His expertise aligns with Fortress's commitment to environmental safety and innovation in fire retardant technology.

Perimeter Solutions, SA (NYSE: PRM) reported strong third-quarter financial results, with net sales rising 12% to $195.4 million compared to the previous year. Fire Safety sales increased by 14% to $172.4 million, while Oil Additives sales saw a slight decline of 1%. Adjusted EBITDA climbed 9% to $100.4 million, driven by a 13% rise in Fire Safety segment performance. However, Oil Additives Adjusted EBITDA dropped by 55% due to increased material and transportation costs. Despite a slight decrease in net income, the company expects margin recovery in the coming quarters.

Perimeter Solutions (NYSE: PRM) will release its third-quarter 2021 financial results on December 14, 2021, before the market opens. A conference call will take place at 8:30 AM EST the same day, featuring CEO Edward Goldberg and CFO Barry Lederman. Investors can access the live webcast through the company's investor relations website. The replay will be available from December 14 to January 13, 2022.

Perimeter Solutions announced its registration statement on Form S-4 for a business combination with SK Invictus Intermediate S.à.r.l. has been approved by the SEC. The transaction is expected to close on November 9, 2021, allowing Perimeter Solutions to trade on the NYSE under the ticker symbol PRM. Following the merger, approximately 157 million shares will be outstanding. EverArc Holdings, part of the business combination, will cancel its listing on the London Stock Exchange on the same date. The press release includes forward-looking statements subject to risks and uncertainties.