Perimeter Solutions, SA - PRM STOCK NEWS

Perimeter Solutions (NYSE: PRM) announced an amendment to its warrant instrument, allowing holders of warrants expiring on November 11, 2024, to exercise them on both a cash and cashless basis. This change is expected to take effect around October 3, 2024. The cashless exercise option enables warrant holders to capture the value difference between the current price of Perimeter's Ordinary Shares and the warrant exercise price without providing cash.

Under the cashless exercise, warrant holders will receive Ordinary Shares equal in value to the volume weighted average price of one Ordinary Share at the time of exercise, less the warrant exercise price, multiplied by the number of warrants being exercised. This amendment aims to provide flexibility to warrant holders while maintaining all other terms of the warrants. Perimeter Solutions will file a supplement to the warrant instrument with the SEC on Form 8-K, detailing the calculation method for cashless exercises.

Perimeter Solutions (NYSE: PRM), known for producing PHOS-CHEK® long-term fire retardant and other firefighting products, has announced its participation in the UBS Global Materials Conference in New York City. The presentation is scheduled for September 4, 2024, at 11:20 AM (ET).

Investors and interested parties can access the live webcast of the presentation through Perimeter's investor relations website at https://ir.perimeter-solutions.com/. Additionally, the presentation materials will be available on the same website. For those unable to attend in person, the webcast can also be accessed through the UBS Conference event page.

This presentation offers an opportunity for stakeholders to gain insights into Perimeter Solutions' operations, strategies, and market position within the firefighting and specialty chemicals industry.

Perimeter Solutions (NYSE: PRM) reported strong Q2 2024 financial results. Net sales increased 67% to $127.3 million, with Fire Safety sales up 85% to $98.5 million and Specialty Products sales up 25% to $28.7 million. Adjusted EBITDA surged 209% to $64.9 million. However, net income decreased to $21.7 million ($0.14 per diluted share) from $52.0 million in Q2 2023.

Year-to-date 2024 results showed a 55% increase in net sales to $186.3 million. Despite this, the company reported a net loss of $60.9 million (-$0.42 per diluted share). Adjusted EBITDA for the period increased by 220% to $77.0 million. The company attributes these improvements to rigorous operational value drivers and supportive demand in both business segments.

Perimeter Solutions (NYSE: PRM), producers of PHOS-CHEK® long-term fire retardant and other firefighting products, has announced its second quarter 2024 earnings call scheduled for Thursday, August 1, 2024, at 8:30 a.m. ET. The company will release its financial results before the market opens on the same day. The presentation will be led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker.

Investors can access the live webcast through Perimeter's investor relations website. The conference call can be joined via the toll-free number 877-407-9764 or the toll number 201-689-8551. A replay will be available until August 31, 2024.

Perimeter Solutions (NYSE: PRM) has donated a 260-gallon tote of PHOS-CHEK® LCE20-Fx fire retardant to Logan Lake Fire Department in British Columbia, Canada. Logan Lake, a community at high risk of wildfires, can use this retardant both proactively and during active wildfires to protect property. The fire retardant creates a chemical barrier, preventing vegetation from fueling fires. In 2021, Logan Lake's FireSmart™ Community principles helped it withstand the Tremont Creek Fire, which burned 63,548 hectares. Perimeter hosted an educational session on the use of ground-applied fire retardants, leading to the donation.

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.

Perimeter Solutions (PRM) reports flat revenue and EBITDA despite U.S. acres reduction, with net sales down 11% to $322.1 million in 2023. Full year net income decreased to $67.5 million, with adjusted EBITDA down 23% to $96.8 million. In Q4, net sales increased 44% to $59.5 million, with a net loss of $13.2 million. Fire Safety sales surged by 81% in Q4, while Specialty Products sales increased by 11%. Perimeter repurchased 6.3 million shares in Q4 at $4.21 per share and authorized a new $100M repurchase.

Perimeter Solutions (NYSE: PRM) announces that its SOLBERG 3% MIL-SPEC Synthetic Fluorine-Free Foam is the first fluorine-free foam concentrate on the Department of Defense Qualified Products List to be GreenScreen Certified by Clean Production Action. This certification confirms the absence of intentionally added PFAS in the product, meeting strict Clean Production Action standards.