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) celebrates the 60th anniversary of its iconic PHOS-CHEK brand, a leading fire retardant in wildland firefighting since 1963. This milestone marks significant innovations in fire safety, enhancing firefighting effectiveness with various retardant viscosities. To commemorate, the company launched the PHOS-CHEK 60th Anniversary Virtual Museum, showcasing the brand's legacy, industry pioneers, and wildfire impacts. New content will be added monthly in 2023, reinforcing Perimeter's commitment to improving firefighting solutions.
Perimeter Solutions (NYSE: PRM) reported Q3 2022 net sales of $160.5 million, an 18% decline from Q3 2021. Year-to-date net sales increased 1% to $319.2 million. Fire Safety sales decreased 29% to $122.0 million, while Specialty Products improved, seeing a 68% rise to $38.5 million. Adjusted EBITDA fell 25% to $75.6 million in Q3, with Fire Safety down 38%. Year-to-date net income rose significantly to $123.7 million, or $0.70 per diluted share. Additionally, a new share repurchase authorization of $100 million was announced.
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.
FAQ
What is the current stock price of Perimeter Solutions Sa (PRM)?
What is the market cap of Perimeter Solutions Sa (PRM)?
What are the core business segments of Perimeter Solutions SA?
How does the Fire Safety segment support emergency response efforts?
What role does phosphorus pentasulfide play in the company’s offerings?
Who are the primary customers for Perimeter Solutions SA?
How does Perimeter Solutions SA differentiate itself from competitors?
What types of firefighting equipment does the company offer?
In what ways are the company’s products used outside of fire safety applications?
How does the company maintain quality and reliability across its products?
