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, 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.