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.
News about Perimeter Solutions, Inc. (NYSE: PRM) focuses on its role as a global provider of fire safety products and specialty chemicals, as well as its capital markets and corporate developments. Company announcements regularly describe performance in its two reporting segments, Fire Safety and Specialty Products, and provide updates on how these businesses are evolving.
Investors following PRM news can expect earnings releases and conference call announcements that detail quarterly and annual financial results, including segment-level net sales and Adjusted EBITDA, along with commentary on operational drivers. These updates often highlight trends in fire retardant and firefighting foam demand, as well as activity in phosphorus-based specialty chemicals and the IMS electronic and electro-mechanical components business.
Perimeter’s news flow also includes transaction and financing updates. Recent disclosures cover the acquisition of IMS, a manufacturer of highly specialized printed circuit boards, and a Securities Purchase Agreement to acquire Medical Manufacturing Technologies (MMT), a provider of medical device manufacturing solutions, subject to customary closing conditions. SEC filings and press releases further describe a senior secured revolving credit facility and senior secured notes due 2034, which are tied to the company’s broader capital structure and acquisition funding plans.
Regulatory and corporate governance items, such as the company’s redomiciliation from Luxembourg to a Delaware corporation and related shareholder approvals, also appear in PRM’s news record. For investors and analysts, the PRM news page on Stock Titan offers a centralized view of these earnings updates, transaction announcements, financing activities and operational milestones, helping to track how Perimeter’s Fire Safety and Specialty Products segments develop over time.
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.
Perimeter Solutions (NYSE: PRM) has launched the SOLBERG® RE-HEALING™ 3x3 SP-100 Fluorine-Free Foam Concentrate, the first UL-listed fluorine-free foam for sprinkler applications. This innovative product is designed to extinguish both Class A and Class B fires and meets the rigorous UL-162 safety standard. Additionally, it is biodegradable and free from PFAS and silicone chemistries. Currently undergoing FM testing, it is expected to be approved in early 2023. The foam can be used with various firefighting equipment, demonstrating excellent performance in diverse firefighting scenarios.
Perimeter Solutions reported a strong financial performance for the second quarter of 2022, with net sales increasing 31% year-to-date to $158.7 million. Both Fire Safety and Specialty Products segments saw significant growth, with sales at $85.0 million and $73.7 million, respectively. Adjusted EBITDA rose 39% to $47.7 million, reflecting strong operational efficiency. The company achieved a net income of $45.0 million, or $0.26 per diluted share, a notable turnaround from a net loss in the previous year.
Perimeter Solutions (NYSE: PRM) will release its second quarter 2022 financial results on August 5, 2022, before the market opens. A conference call discussing the results will follow at 8:30 AM ET, featuring Vice Chairman Haitham Khouri, CEO Edward Goldberg, and CFO Charles Kropp. The call will be accessible via Perimeter's investor relations website. A replay will be available until September 5, 2022.
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®.
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