Core Viewpoint - Perimeter Solutions, Inc. has announced a definitive agreement to acquire Medical Manufacturing Technologies LLC for approximately $685 million in cash, which includes certain tax benefits [1][2]. Company Overview - Medical Manufacturing Technologies LLC (MMT) is a leading provider of highly engineered machinery and aftermarket consumables for minimally invasive medical devices, generating nearly all revenue from proprietary products, with about half from the aftermarket [2]. - MMT is projected to generate approximately $140 million in revenue and $50 million in Adjusted EBITDA for the full year of 2025 [2]. Strategic Fit - The acquisition of MMT aligns with Perimeter Solutions' operating strategy, focusing on recurring and growing aftermarket services that meet stringent regulatory standards [3]. - MMT has a strong track record of organic and M&A-driven growth, which Perimeter expects to continue [3]. Financial Structure - Perimeter plans to fund the acquisition through $500 million of new secured debt financing and $185 million in cash on hand [4]. - Following the acquisition, Perimeter anticipates a net leverage profile of approximately 2.7 times net debt to combined Adjusted EBITDA for the last twelve months ended September 30, 2025 [5]. Transaction Timeline - The acquisition is expected to close in the first quarter of 2026, pending regulatory approvals and customary closing conditions [5].

Core Insights - Perimeter Solutions will present at the Baird Global Industrial Conference on November 12, 2025, at 10:40 AM (ET) [1][2] - The company is a leading global provider in the Fire Safety and Specialty Products industries, with operations divided into two segments: Fire Safety and Specialty Products [2] Company Overview - Perimeter Solutions is headquartered in St. Louis, Missouri, and trades on the NYSE under the ticker PRM [2] - The Fire Safety segment offers fire retardants, firefighting foams, and related specialized equipment and services [2] - The Specialty Products segment focuses on non-fire safety markets, with a significant application in Phosphorus Pentasulfide (P2S5) based lubricant additives [2] - The Specialty Products segment also includes IMS, which manufactures electronic or electro-mechanical components for various end markets, emphasizing aftermarket repair and replacement [2]

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]

Core Viewpoint - Perimeter Solutions will release its financial results for Q3 2025 on October 30, 2025, before market opening [1] Financial Results Announcement - The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results [2] - The call will be led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker [2] - Access to the live webcast will be available on Perimeter's investor relations website [2] Company Overview - Perimeter Solutions is headquartered in St. Louis, Missouri, and operates in the Fire Safety and Specialty Products industries [3] - The company has two operating segments: Fire Safety and Specialty Products [3] - The Fire Safety segment offers fire retardants, firefighting foams, and related specialized equipment and services [3] - The Specialty Products segment focuses on non-fire safety markets, with a significant application in Phosphorus Pentasulfide (P2S5) based lubricant additives [3] - The Specialty Products segment also includes IMS, which manufactures electronic or electro-mechanical components for various end markets, emphasizing aftermarket repair and replacement [3]

Core Insights - Perimeter Solutions reported a net loss of $32.2 million for the second quarter of 2025, with an adjusted net income of $57.1 million, indicating a significant shift from the previous year's net income of $21.7 million [1][4][27] - The company's adjusted EBITDA for the second quarter increased by 41% to $91.3 million, driven by strong performance in both Fire Safety and Specialty Products segments [1][4][22] Financial Performance - Net sales for the second quarter rose by 28% to $162.6 million compared to $127.3 million in the same quarter last year [4] - Fire Safety net sales increased by 22% to $120.3 million, while Specialty Products net sales surged by 47% to $42.4 million [4] - Year-to-date net sales increased by 26% to $234.7 million, with Fire Safety sales up 27% to $157.4 million and Specialty Products sales up 23% to $77.2 million [4] Earnings Metrics - Loss per diluted share for the second quarter was $0.22, compared to earnings per diluted share of $0.14 in the prior year [4][27] - Non-GAAP adjusted earnings per diluted share increased to $0.39 from $0.25 in the previous year [4][27] - Year-to-date adjusted earnings per share rose to $0.41 from $0.23 in the prior year [28] Segment Performance - Adjusted EBITDA for the Fire Safety segment increased by 40% to $77.7 million, while the Specialty Products segment saw a 48% increase to $13.7 million [4][24] - The Fire Safety segment's strong performance is attributed to its role as a manufacturer of fire management products and services [9] Capital Allocation - The company repurchased 2.9 million shares of common stock at an average price of $11.13 per share during the quarter [12] - In May 2025, the company settled trade secret litigation and acquired related assets for $20 million in cash [12]

Company Announcement - Perimeter Solutions will release its financial results for the second quarter of 2025 on August 7, 2025, before the market opens [1] - A conference call to discuss these results will be held at 8:30 AM ET on the same day, led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker [2] Company Overview - Perimeter Solutions is a leading global solutions provider for the Fire Safety and Specialty Products industries, headquartered in St. Louis, Missouri [3] - The company operates in two segments: Fire Safety, which provides fire retardants and firefighting foams, and Specialty Products, which includes non-fire safety products such as phosphorus pentasulfide-based lubricant additives [3] - The Specialty Products segment also encompasses IMS, a manufacturer of electronic or electro-mechanical components for various end markets, focusing on aftermarket repair and replacement [3]

Core Points - Perimeter Solutions will release its financial results for Q1 2025 on May 8, 2025, before market opens [1] - A conference call to discuss these results will be held on the same day at 8:30 AM ET, led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker [2] Company Overview - Perimeter Solutions is a leading global provider in the Fire Safety and Specialty Products industries, headquartered in St. Louis, Missouri [3] - The company operates in two segments: Fire Safety, which includes fire retardants and firefighting foams, and Specialty Products, which focuses on non-fire safety markets, including phosphorus pentasulfide-based lubricant additives [3] - The Specialty Products segment also encompasses IMS, a manufacturer of electronic components for various end markets, emphasizing aftermarket repair and replacement [3]