Core Viewpoint - Perimeter Solutions, SA reported quarterly earnings of $0.13 per share, significantly beating the Zacks Consensus Estimate of a loss of $0.10 per share, marking an earnings surprise of 230% [1] - The company also posted revenues of $86.23 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 32.97% [2] Financial Performance - The earnings report shows a year-over-year improvement from a loss of $0.09 per share [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped revenue estimates four times [2] Stock Performance - Perimeter Solutions, SA shares have declined approximately 8% since the beginning of the year, contrasting with the S&P 500's gain of 4.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $63.38 million, while the estimate for the current fiscal year is $0.71 on revenues of $530 million [7] Industry Outlook - The Chemical - Specialty industry, to which Perimeter Solutions belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of stocks in this industry can be significantly influenced by the overall industry outlook [8]

Financial Performance - Full year net sales increased 74% to $561.0 million, compared to $322.1 million in the prior year[6] - Fire Safety net sales rose 93% to $436.3 million, while Specialty Products net sales increased 29% to $124.7 million[6] - Full year adjusted EBITDA increased 190% to $280.3 million, compared to $96.8 million in the prior year[6] - Fourth quarter net sales increased 45% to $86.2 million, compared to $59.5 million in the prior-year quarter[6] - Fourth quarter net income was $144.2 million, or $0.90 per diluted share, compared to a net loss of $13.2 million, or $0.09 loss per diluted share in the prior year quarter[6] - Full year non-GAAP adjusted earnings per share was $1.11[6] - Specialty Products adjusted EBITDA increased 95% to $40.2 million for the full year, compared to $20.6 million in the prior year[6] Acquisitions and Investments - The company acquired IMS for $32.8 million, expanding into printed circuit board products[5] Assets and Liabilities - Total assets increased to $2,416,394 thousand as of December 31, 2024, up from $2,315,422 thousand in 2023, representing a growth of 4.4%[16] - Total liabilities rose to $1,259,124 thousand in 2024, up from $1,163,127 thousand in 2023, an increase of 8.2%[16] - The total shareholders' equity increased to $1,157,270 thousand in 2024 from $1,152,295 thousand in 2023, a slight increase of 0.4%[16] Cash Flow and Shareholder Activity - Cash and cash equivalents rose significantly to $198,456 thousand in 2024, compared to $47,276 thousand in 2023, marking an increase of 319.5%[18] - The company experienced a cash flow from operating activities of $188,388 thousand in 2024, a decrease from $193 thousand in 2023[18] - The company repurchased ordinary shares worth $14,420 thousand in 2024, compared to $64,066 thousand in 2023, indicating a decrease in share buyback activity[18] Net Income and Loss - The company reported a full year net loss of $5.9 million, or $0.04 loss per diluted share, compared to net income of $67.5 million, or $0.41 earnings per diluted share in the prior year[6] - The company reported a net loss of $5,905 thousand for the year ended December 31, 2024, a decline from a net income of $67,486 thousand in 2023[18] - For the year ended December 31, 2024, the GAAP net loss was $(5,905), with an adjusted net income of $163,390, leading to an adjusted EPS of $1.11[26] Advisory Fees and Expenses - Founders advisory fees related party increased to $198,308 thousand in 2024 from a negative $108,481 thousand in 2023, reflecting a significant change in expense recognition[22] - The company incurred $54,789 in founders advisory fees for the three months ended December 31, 2024, and $198,308 for the year ended December 31, 2024[26] - The company recognized $4.4 million in non-recurring expenses related to the Redomiciliation Transaction for the three months ended December 31, 2024[26] Inventory and Other Financial Metrics - Inventories decreased to $116,347 thousand in 2024 from $145,652 thousand in 2023, a reduction of 20.2%[16] - The shares used in computing adjusted EPS (diluted) for the year ended December 31, 2024, were 147,209,802[26] - The total tax impact of non-GAAP adjustments for the year ended December 31, 2024, was $(106,715)[26] - The company reported a foreign currency loss of $2,280 for the three months ended December 31, 2024[26] Quarterly Performance - For the three months ended December 31, 2024, the GAAP net income was $144,170, while the adjusted net income was $19,048, resulting in an adjusted EPS of $0.13[26] - For the three months ended September 30, 2024, the adjusted net income was $110,619, with an adjusted EPS of $0.75[27] - The GAAP net loss for the three months ended March 31, 2024, was $(82,558), with an adjusted net loss of $(2,070)[32] - Fire Safety adjusted EBITDA increased 289% to $27.2 million in the fourth quarter, compared to $7.0 million in the prior year quarter[6]

Core Insights - Perimeter Solutions reported a net loss of $5.9 million for the full year 2024, with an adjusted earnings per diluted share of $1.11, indicating a significant operational transformation despite the loss [1][4][24] - The company achieved a 74% increase in full-year net sales, reaching $561 million, driven primarily by a 93% increase in Fire Safety net sales [4][9] - Adjusted EBITDA for the full year increased by 190% to $280.3 million, showcasing strong operational performance [4][19] Financial Performance - Fourth quarter net sales rose by 45% to $86.2 million compared to $59.5 million in the prior year quarter [3][9] - Full-year net sales for Fire Safety increased by 93% to $436.3 million, while Specialty Products net sales grew by 29% to $124.7 million [4][10] - The company reported a fourth quarter net income of $144.2 million, or $0.90 per diluted share, a significant turnaround from a net loss of $13.2 million in the prior year quarter [9][14] Operational Developments - Perimeter Solutions acquired IMS DE Holdings, LLC for $32.8 million, expanding its product offerings into printed circuit boards [5] - The company’s operational value drivers have transformed, with adjusted EBITDA approximately doubling over three years with minimal end-market contribution [1][4] Segment Performance - Fire Safety Adjusted EBITDA increased by 215% to $240.1 million for the full year, while Specialty Products Adjusted EBITDA rose by 95% to $40.2 million [4][23] - In the fourth quarter, Fire Safety net sales increased by 72% to $60.7 million, while Specialty Products net sales saw a 6% increase to $25.5 million [9][10] Cash Flow and Capital Allocation - The company ended the year with cash and cash equivalents of $198.5 million, a significant increase from $47.3 million at the end of the previous year [15][18] - Net cash provided by operating activities for the year was $188.4 million, reflecting strong operational cash flow generation [17]

Core Viewpoint - Perimeter Solutions will release its financial results for the fourth quarter of 2024 on February 20, 2025, before the market opens [1] Group 1: Earnings Call Details - The company will host a conference call to discuss the financial results at 8:30 AM ET on the same day [2] - The call will be led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker [2] - A live webcast of the call will be available on Perimeter's investor relations website [2] Group 2: Company Overview - Perimeter Solutions is headquartered in St. Louis, Missouri, and is a leading global provider in the Fire Safety and Specialty Products industries [3] - The company develops products that address critical life safety issues, emphasizing the importance of reliability in their solutions [3] - Major brands produced by Perimeter include PHOS-CHEK®, FIRE-TROL®, AUXQUIMIA®, SOLBERG®, and BIOGEMA® [3]

Company Overview - Perimeter Solutions, SA (PRM) shares increased by 5.4% to close at $12.63, following a period of 7.1% loss over the past four weeks, indicating a significant recovery in trading volume [1] - The company's Specialty Products segment is experiencing strong growth due to recovery from de-stocking activities and increased purchases from high-quality specialty chemicals customers [2] Financial Performance - PRM is expected to report a quarterly loss of $0.10 per share, reflecting an 11.1% year-over-year decline, while revenues are projected to be $64.85 million, representing a 9.1% increase from the previous year [3] - The consensus EPS estimate for PRM has remained unchanged over the last 30 days, suggesting that the stock's price movement may not sustain without trends in earnings estimate revisions [4] Industry Context - Perimeter Solutions is part of the Zacks Chemical - Specialty industry, which is currently seeing favorable trends that are expected to drive demand for fire retardant products [2] - In comparison, Axalta Coating Systems (AXTA), another company in the same industry, has seen a 1.6% decline in its stock price and a 12.2% loss over the past month, with a consensus EPS estimate change of -4.3% [4][5]

Company Overview - Perimeter Solutions is a leading producer of high-quality firefighting products and compounds used to combat forest fires [2] - The company has a global footprint with locations in North America, Europe, and Australia [2] Industry and Market Presence - The company supplies its products globally, indicating a strong market presence in the firefighting industry [2] Analyst's Position - The analyst has no stock, option, or similar derivative position in any of the companies mentioned [2] - The analyst has no plans to initiate any such positions within the next 72 hours [2] - The analyst wrote the article themselves and it expresses their own opinions [2] - The analyst is not receiving compensation for the article other than from Seeking Alpha [2] - The analyst has no business relationship with any company whose stock is mentioned in the article [2]

Perimeter Solutions Completes Redomicile from Luxembourg to the U.SNovember 20, 2024 4:01 PM EST | Source: Perimeter SolutionsClayton, Missouri--(Newsfile Corp. - November 20, 2024) - Perimeter Solutions, SA (NYSE: PRM), a leading provider of mission-critical firefighting products and services as well as high-quality specialty chemicals, today announced the completion of the redomiciliation process to change the parent company of the corporate group from a Luxembourg company to a Delaware corp ...

Perimeter Solutions, SA (PRM) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of $0.61. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -200%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.14, delivering a surprise of 366.67%.Over the last four quarters, the company has sur ...

Perimeter Solutions Reports Third Quarter 2024 Financial ResultsNovember 12, 2024 6:00 AM EST | Source: Perimeter SolutionsStrong financial results driven by rigorous operational value driver implementation as well as normalization of key end-markets Continued aggressive capital and operational investments to support our customers' critical missions in 2024 and beyondWell positioned for capital allocation with >$200M of balance sheet cash and ~1.7x LTM net leverageClayton, Missouri--(Newsfile ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Perimeter Solutions, SA (PRM) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 12, 2024, might help the stock move higher if these key numbers are ...