Core Insights - Perimeter Solutions reported a strong financial performance for the first quarter of 2025, with a net income of $56.7 million compared to a net loss of $82.6 million in the same quarter of the previous year [1][5][26] - The company achieved an adjusted EBITDA of $18.1 million, reflecting a 49% increase from $12.1 million in the prior year quarter, driven by strong execution and early season fire activity [1][5][21] - Net sales increased by 22% to $72.0 million, with the Fire Safety segment experiencing a significant 48% growth [5][11] Financial Performance - First quarter net income was $56.7 million, or $0.36 per diluted share, compared to a net loss of $82.6 million, or $0.57 loss per diluted share in the prior year [5][26] - Adjusted earnings per diluted share were $0.03, an improvement from an adjusted loss per share of $0.01 in the previous year [5][27] - The Fire Safety segment's net sales rose to $37.2 million, while Specialty Products net sales increased to $34.9 million [5][11] Capital Allocation - On March 28, 2025, Perimeter acquired certain product lines for $10.0 million, which will be integrated into its IMS business within the Specialty Products segment [3] - The company repurchased 0.9 million shares of common stock at an average price of $9.19 per share during the quarter [6] Segment Performance - Fire Safety adjusted EBITDA increased to $10.1 million, compared to a loss of $0.2 million in the prior year quarter [5][21] - Specialty Products adjusted EBITDA decreased by 35% to $8.0 million from $12.4 million in the previous year [5][21] Cash Flow and Balance Sheet - Cash and cash equivalents at the end of the quarter were $200.1 million, up from $198.5 million at the end of the previous quarter [19][18] - The total assets of the company were reported at $2.4 billion, with total liabilities at $1.2 billion [18][17]