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Perimeter Solutions, a leading provider of firefighting products and specialty chemicals, reported strong financial results for Q1 2024. Net sales increased by 35% to $59.0 million. Fire Safety sales rose by 34% to $25.2 million, while Specialty Products sales increased by 35% to $33.9 million. Adjusted EBITDA surged by 289% to $12.1 million. However, the net loss was $82.6 million, or $0.57 per diluted share, a stark contrast to the prior year's net income of $9.4 million.
Perimeter Solutions (NYSE: PRM) will release its financial results for the first quarter of 2024 on May 9, 2024, before the market opens. The conference call to discuss the results will be held at 8:30 a.m. ET on the same day, led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker.