Perimeter Solutions Reports Third Quarter 2025 Financial Results

Core Insights - Perimeter Solutions, Inc. reported a net loss of $90.7 million for the third quarter of 2025, with an adjusted net income of $125.5 million [1][5][26] - The company achieved an adjusted EBITDA of $186.3 million, reflecting a 9% increase compared to the previous year [1][5][22] - The loss per diluted share was $0.62, while the adjusted earnings per diluted share improved to $0.82 from $0.75 in the prior year [1][5][26] Financial Performance - Net sales for the third quarter increased by 9% to $315.4 million, compared to $288.4 million in the same quarter last year [5][16] - Fire Safety segment net sales rose by 9% to $273.4 million, while Specialty Products segment net sales increased by 15% to $42.0 million [5][16] - Year-to-date net sales reached $550.1 million, a 16% increase from $474.7 million in the prior year [5][16] Segment Performance - Adjusted EBITDA for the Fire Safety segment increased by 13% to $177.2 million, while the Specialty Products segment saw a 29% decrease to $9.1 million [5][16] - Year-to-date adjusted EBITDA rose by 20% to $295.7 million, with the Fire Safety segment contributing $265.0 million, a 24% increase [5][16] Capital Expenditures and Investments - The company invested $5.0 million in capital expenditures during the third quarter [12] - On September 12, 2025, Perimeter's Specialty Products segment acquired assets and technical data rights for certain product lines for $12.0 million [12] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were $340.6 million, up from $198.5 million at the beginning of the period [18][21] - Net cash provided by operating activities was $219.5 million for the nine months ended September 30, 2025 [20]