Perimeter Solutions(PRM)
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Perimeter Solutions Reports Second Quarter 2024 Financial Results
Newsfile· 2024-08-01 10:00
. . . . Perimeter Solutions Reports Second Quarter 2024 Financial Results August 01, 2024 6:00 AM EDT | Source: Perimeter Solutions Strong Q2 and YTD financial results in both Fire Safety and Specialty Products Improvements driven by rigorous operational value drivers implementation, as well as supportive demand backdrops, in both businesses Actively supporting our customers' life-saving missions during the 2024 fire season Clayton, Missouri--(Newsfile Corp. - August 1, 2024) - Perimeter Solutions, SA (NYSE ...
Perimeter Announces Date for Second Quarter 2024 Earnings Call
Newsfile· 2024-07-17 21:00
. Clayton, Missouri--(Newsfile Corp. - July 17, 2024) - Perimeter Solutions (NYSE: PRM) ("Perimeter" or the "Company"), producers of PHOS-CHEK® long-term fire retardant and other high-quality firefighting products and specialty chemicals, announced today it will release its financial results for the second quarter 2024 on Thursday, August 1, 2024, before the market opens. Dial-in Number: 877-407-9764 (Toll-Free), 201-689-8551 (Toll) (No access code needed) ● July 17, 2024 5:00 PM EDT | Source: Perimeter Sol ...
Perimeter Solutions Fire Retardant Donation Bolsters Logan Lake's Wildfire Defense
Newsfile· 2024-07-10 13:00
Kyle Robillard, General Manager for Perimeter Solutions Canada (right), presents Logan Lake Fire Department Chief Doug Wilson and FireSmart Coordinator Trazanna-Lee German (left) with a tote of PHOS-CHEK LCE20-Fx Fire Retardant that will be used to protect Logan Lake property and residents from wildfire. . July 10, 2024 9:00 AM EDT | Source: Perimeter Solutions Clayton, Missouri--(Newsfile Corp. - July 10, 2024) - Perimeter Solutions (NYSE: PRM), a leading global manufacturer of high-quality fire retardant, ...
Are Basic Materials Stocks Lagging Perimeter Solutions, SA (PRM) This Year?
zacks.com· 2024-05-16 14:41
Company Overview - Perimeter Solutions, SA (PRM) is part of the Basic Materials sector, which includes 240 companies and is currently ranked 5 in the Zacks Sector Rank [2] - The company operates within the Chemical - Specialty industry, which consists of 33 stocks and is ranked 153 in the Zacks Industry Rank [5] Performance Analysis - Year-to-date, Perimeter Solutions has returned approximately 75%, significantly outperforming the average return of 0.8% for Basic Materials companies [4] - In comparison, Iamgold (IAG), another Basic Materials stock, has returned 77.1% since the beginning of the year [4] - The Zacks Consensus Estimate for PRM's full-year earnings has increased by 17.9% over the past quarter, indicating improved analyst sentiment [3] Industry Context - The Chemical - Specialty industry has experienced an average loss of 20.1% year-to-date, highlighting Perimeter Solutions' strong performance relative to its peers [5] - The Mining - Gold industry, which includes Iamgold, has seen a year-to-date increase of 15.9% [6]
Perimeter Solutions(PRM) - 2024 Q1 - Earnings Call Transcript
2024-05-10 17:25
Perimeter Solutions, SA (NYSE:PRM) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Seth Barker - Head, Investor Relations Haitham Khouri - Chief Executive Officer Kyle Sable - Chief Financial Officer Conference Call Participants Chris Perrella - UBS Dan Kutz - Morgan Stanley Operator Good morning, ladies and gentlemen and thank you for standing by. Welcome to Perimeter Solutions Q1 2024 Earnings Call. [Operator Instructions] Please note this conference is being recorded. I will ...
Perimeter Solutions(PRM) - 2024 Q1 - Earnings Call Presentation
2024-05-09 19:47
Perimeter Solutions SA May 9, 2024 Certain statements in this presentation and discussion are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on Perimeter Solutions, SA's (the "Company") expectations, intentions and projections regarding the Company's future performance, anticipated events or trends and other matters that are not historical facts. Words such as "anticipate," "estimate," "expect," "forecast," "project," "plan," "intend," "be ...
Perimeter Solutions(PRM) - 2024 Q1 - Quarterly Report
2024-05-09 13:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q __________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-41027 _______________________________ PERIMETER SOLUTION ...
Perimeter Solutions(PRM) - 2024 Q1 - Quarterly Results
2024-05-09 10:02
Exhibit 99.1 Perimeter Solutions Reports First Quarter 2024 Financial Results May 9, 2024 Notably stronger YoY Fire Safety results in the seasonally modest first quarter Significant rebound in Specialty Products revenue and Adjusted EBITDA Repurchased 3 million shares in Q1 at an average price of $4.79 Clayton, Missouri, May 9, 2024 – Perimeter Solutions, SA (NYSE: PRM) ("Perimeter" or the "Company"), a leading provider of mission-critical firefighting products and services, as well as high-quality phosphor ...
Perimeter Solutions(PRM) - 2023 Q4 - Earnings Call Presentation
2024-02-23 06:50
Q4 and Full Year 2023 Earnings Call February 22, 2024 2 To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States ("GAAP"), we have included the following non-GAAP financial information in this presentation: adjusted EBITDA and adjusted EBITDA margin. The reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP can be found in the Appendix to this present ...
Perimeter Solutions(PRM) - 2023 Q4 - Earnings Call Transcript
2024-02-23 06:22
Financial Data and Key Metrics Changes - Fourth quarter consolidated sales were $59.5 million, up 44% year-over-year, while full year 2023 consolidated sales were $322.1 million, down 11% compared to 2022 [19][20] - Fourth quarter consolidated adjusted EBITDA was $11.2 million, up from $2.1 million the prior year, and full year 2023 consolidated adjusted EBITDA was $96.8 million, down 23% versus 2022 [19][20] - The decline in consolidated revenue and adjusted EBITDA was primarily attributed to destock-related volumes in the Specialty Products business [19][20] Business Line Data and Key Metrics Changes - Fire Safety business fourth quarter sales were $35.4 million, up 81% year-over-year, and full year 2023 sales were approximately flat at $225.6 million [39] - Specialty Products business fourth quarter sales were $24.1 million, up 11% year-over-year, but full year 2023 sales were down 28% to $96.6 million [40] - Adjusted EBITDA for Fire Safety in the fourth quarter was $7 million, recovering from a loss of $3.9 million the prior year, while adjusted EBITDA for Specialty Products was $4.2 million, down 30% year-over-year [39][40] Market Data and Key Metrics Changes - The 2023 fire season was mild, with 2.3 million acres burned in the U.S. (excluding Alaska), representing a nearly 50% decrease from 2022 [11] - The weak demand in the Specialty Products business was driven by inventory destocking in the specialty chemical supply chain [12] Company Strategy and Development Direction - The company aims to deliver private equity-like returns with public market liquidity by owning and growing high-quality businesses [7][10] - The company focuses on five economic criteria for evaluating businesses: predictable revenue streams, long-term growth, critical product contributions, significant free cash flow, and potential for consolidation [10] - The company will refrain from providing annual guidance for 2024 and beyond, indicating confidence in future performance in a normalized demand environment [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of demand for products despite the weak market conditions in 2023 [12] - The company believes that the rigorous application of its operational strategy has established a credible base EBITDA even in a soft market [34] - Management emphasized the importance of being vigilant against competition and maintaining high standards in product efficacy and service quality [15][54] Other Important Information - The company repurchased approximately 12.2 million shares in 2023 at an average price of $5.24, with a new $100 million share repurchase authorization approved by the Board [13] - The company ended 2023 with approximately $675 million in senior notes and $47.3 million in cash [20] Q&A Session Summary Question: Is smaller bolt-on M&A still on the menu given the current capital markets? - Management confirmed that small tuck-in M&A is on the table, and larger deals would depend on expected internal rates of return (IRR) compared to share repurchases [24] Question: Can you clarify the performance of the Fire Safety business in Q4? - Management indicated that the performance was roughly split between suppressants and retardants, with improvements driven by international markets and new product introductions [18] Question: What are the indicators for the upcoming fire season? - Management stated that predicting fire seasons in February is challenging, but current indicators do not suggest anything particularly mild or severe [48] Question: How will working capital benefit impact cash flow in 2024? - Management noted that the bulk of inventory is in the Fire Safety business, and the impact on free cash flow will depend on the severity and timing of the fire season [59] Question: How will the U.S. Forest Service's new approach to wildfires affect the business? - Management was not familiar with the report but emphasized that their products have been developed in partnership with customers and have undergone rigorous testing [61]