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.
Overview
Perimeter Solutions SA is a global solutions provider specializing in fire safety products and phosphorus-based specialty chemicals. The company caters to mission-critical firefighting needs as well as diverse industrial applications with a dual-focus strategy. With proven expertise in both formulating advanced fire retardants and producing chemical additives, Perimeter Solutions SA plays a pivotal role in enhancing public safety and meeting industrial standards through reliable, innovative, and tailored solutions.
Business Segments
The company is organized into two main segments, each designed to address distinct market needs:
- Fire Safety Segment: Focused on the development, manufacture, and sale of fire retardants, firefighting foams, and complementary specialized equipment. Its products support a wide variety of firefighting operations, including wildland, structural, and flammable liquid fire scenarios.
- Specialty Products Segment: Centers on the production and marketing of phosphorus pentasulfide (P2S5)-based products. These are primarily utilized in the formulation of lubricant additives that deliver critical engine component protection, and they also find applications in pesticide formulation, mining chemicals, and emerging electric battery technologies.
Fire Safety Solutions
In the Fire Safety segment, Perimeter Solutions SA integrates superior technology with responsive customer service to address the challenges of rapid fire suppression. The company formulates high-quality firefighting foams and retardants that can be deployed in various emergency scenarios. Its comprehensive portfolio includes:
- Advanced fire retardants engineered for effective wildland and structural fire control.
- Specialized firefighting foams designed for optimum performance in diverse fire scenarios.
- Custom-designed equipment solutions such as mobile retardant bases, mixing units, and ground application systems that ensure efficient logistics and rapid deployment.
The emphasis on technology and a "never-fail" service network ensures that emergency response teams are supported by reliable and innovative products, thereby enhancing overall firefighting performance.
Specialty Products
The Specialty Products segment harnesses the unique chemical properties of phosphorus pentasulfide to offer high-performance industrial additives. These products are central to producing lubricant additives that mitigate wear and tear in engine components by generating Zinc Dialkyldithiophosphates (ZDDP), a family of compounds known for their anti-wear capabilities. Additionally, P2S5 is instrumental in applications across pesticide formulation, mining chemicals, and even in emerging technologies like electric batteries.
Technological Expertise and Industry Impact
Perimeter Solutions SA is distinguished by its dedication to technical excellence. Its substantial investment in research and development drives innovation that not only meets international safety standards but also sets benchmarks in product performance. The company’s ability to tailor its product offerings while maintaining high quality across both divisions underscores its deep technical expertise and robust operational framework.
Operational Excellence and Service Network
The company’s operational model is built upon strategic planning and a responsive service network. With a widespread presence in key markets, Perimeter Solutions SA ensures that its specialized equipment and products reach government agencies as well as commercial enterprises efficiently. This extensive network is critical for ensuring rapid emergency resupply and comprehensive support for firefighting operations across multiple jurisdictions.
Competitive Landscape
In a competitive market characterized by stringent safety standards and rapid technological evolution, Perimeter Solutions SA distinguishes itself through a balanced approach of reliable product performance and innovative solutions. Its dual-segment approach not only caters to the immediate needs of fire management but also provides a versatile offering for industrial applications, thereby securing its position within both niche and broader market segments.
Commitment to Quality and Reliability
Every aspect of Perimeter Solutions SA is geared towards delivering consistent value. The company adheres to rigorous quality control measures and maintains an unwavering focus on operational reliability. This commitment ensures that its solutions are consistently effective, meeting critical safety requirements and technical specifications demanded by its diverse clientele.
Conclusion
Perimeter Solutions SA is a comprehensive provider whose integrated approach across fire safety and specialty chemicals has made it a trusted name in its field. With a detailed focus on technical innovation, customer-centric service, and operational robustness, the company remains a critical supplier of solutions that address some of the most challenging safety and industrial requirements. Its structured business model and deep industry expertise enable stakeholders to understand the nuances of its operations and the significance of its offerings across a spectrum of vital applications.
Perimeter Solutions (NYSE: PRM) reported strong financial results for Q4 and full year 2024. Full-year net sales increased 74% to $561.0 million, with Fire Safety segment up 93% to $436.3 million and Specialty Products up 29% to $124.7 million. Despite posting a full-year net loss of $5.9 million ($0.04 loss per share), the company achieved adjusted earnings per share of $1.11.
Full-year Adjusted EBITDA saw significant growth, increasing 190% to $280.3 million. The Fire Safety segment's Adjusted EBITDA rose 215% to $240.1 million, while Specialty Products increased 95% to $40.2 million. In Q4, net sales grew 45% to $86.2 million, with net income of $144.2 million ($0.90 per share). The company also acquired IMS, a specialized printed circuit board manufacturer, for $32.8 million in December 2024.
Perimeter Solutions (NYSE: PRM), a leading provider in Fire Safety and Specialty Products industries, has scheduled its fourth quarter 2024 earnings release for Thursday, February 20, 2025, before market opening. The company will host a conference call at 8:30 a.m. ET on the same day.
The earnings 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. A replay of the call will be available until March 20, 2025.
Perimeter Solutions (NYSE: PRM) has completed its redomiciliation from Luxembourg to the United States, becoming a Delaware The change was approved by shareholders at a Special Meeting on November 20, 2024. All existing ordinary shares have been exchanged one-for-one for newly issued shares of Perimeter Solutions, Inc., with trading under the same NYSE symbol 'PRM' beginning November 21, 2024. The company's Clayton, Missouri headquarters will serve as both operational and legal headquarters. Management expects benefits including streamlined regulatory compliance, reduced operating expenses, optimized tax strategies, and decreased complexity.
Perimeter Solutions (NYSE: PRM) reported strong Q3 2024 financial results with net sales increasing 102% to $288.4 million. Fire Safety segment sales grew 113% to $251.8 million, while Specialty Products sales rose 50% to $36.6 million. Despite revenue growth, the company recorded a net loss of $89.2 million ($0.61 loss per share), compared to net income of $19.3 million in the prior year. Adjusted EBITDA showed significant improvement, increasing 177% to $170.4 million. The company maintains a strong balance sheet with over $200M in cash and approximately 1.7x LTM net leverage.
Perimeter Solutions (NYSE: PRM) has scheduled its third quarter 2024 earnings release for Tuesday, November 12, 2024, before market opening. The company, which produces PHOS-CHEK long-term fire retardant and other firefighting products, will host a conference call at 8:30 a.m. ET on the same day. The presentation will feature CEO Haitham Khouri, CFO Kyle Sable, and Head of IR Seth Barker. The earnings call will be accessible via webcast through the company's investor relations website, with toll-free and toll dial-in options available. A replay will be accessible until December 12, 2024.
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.
FAQ
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