Perimeter Solutions Q1 2024 GAAP EPS $(0.57) Misses $(0.19) Estimate, Sales $59.044M Beat $50.670M Estimate

5/9/24 6:26:34 AM ET

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Perimeter Solutions (NYSE:PRM) reported quarterly losses of $(0.57) per share which missed the analyst consensus estimate of $(0.19) by 200 percent. This is a 1050 percent decrease over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $59.044 million which beat the analyst consensus estimate of $50.670 million by 16.53 percent. This is a 34.63 percent increase over sales of $43.858 million the same period last year.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
10/11/2023	$7.00 → $4.25	Buy → Neutral	UBS
6/9/2022	$14.00	Overweight	Morgan Stanley
4/14/2022	$15.00	Buy	UBS

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Financials

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Perimeter Solutions Reports First Quarter 2023 Financial Results
Solid Fire Safety performance in the seasonally small first quarterImproved sequential results in Specialty ProductsOver $10 million in share repurchases year to date in 2023Clayton, Missouri--(Newsfile Corp. - May 10, 2023) - Perimeter Solutions, SA (NYSE:PRM) ("Perimeter" or the "Company"), a leading provider of mission-critical firefighting products and services, as well as high-quality lubricant additives, today reported financial results for its first quarter ended March 31, 2023. First Quarter 2023 Results Net sales decreased 24% to $43.9 million in the first quarter, as compared to $57.8 million in the prior year quarter. Fire Safety sales increased 1% to $18.7 million, as compared to
5/10/23 6:00:00 AM ET
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Perimeter Announces Date for First Quarter 2023 Earnings Call
Clayton, Missouri--(Newsfile Corp. - April 28, 2023) - Perimeter Solutions (NYSE:PRM) ("Perimeter" or the "Company"), producers of PHOS-CHEK® long-term fire retardant and other high-quality firefighting products and lubricant additives, announced today it will release its financial results for the first quarter 2023 on Wednesday, May 10, 2023, before the market opens. The Company will host a conference call to discuss these results at 8:30 a.m. ET on the same day. The presentation will be led by CEO Haitham Khouri and CFO Charles Kropp.The live webcast of the call can be accessed through Perimeter's investor relations website at https://ir.perimeter-solutions.com/ and as follows:When: Wedne
4/28/23 3:00:00 PM ET
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Perimeter Solutions Reports Fourth Quarter 2022 Results
Net sales decreased 1% year-over-year in 2022, due primarily to the mild North America fire season, and strong growth in Specialty ProductsFire Safety Adjusted EBITDA decreased 34% in 2022 due primarily to the mild fire season; Specialty Products Adjusted EBITDA increased 104% in 2022 due primarily to strong value driver implementation Repurchased approximately 5.5M shares in the fourth quarter at an average price of $7.55; repurchased approximately 6.4M shares in full year 2022 at an average price of $7.65Clayton, Missouri--(Newsfile Corp. - February 28, 2023) - Perimeter Solutions, SA (NYSE:PRM) ("Perimeter" or the "Company"), a leading provider of mission-critical firefighting products an
2/28/23 6:00:00 AM ET
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Perimeter Solutions Hosts Public Lands Commissioner Hilary Franz at Pasco, WA Manufacturing Site
PHOS-CHEK production facility supports wildfire prevention and protection efforts across North AmericaClayton, Missouri--(Newsfile Corp. - June 29, 2023) - Perimeter Solutions (NYSE:PRM), a leading global manufacturer of high-quality firefighting products and lubricant additives, welcomed Washington Public Lands Commissioner Hilary Franz for a tour of its manufacturing facility in Pasco, WA this week.Washington Public Lands Commissioner Hilary Franz met with employees and took a tour of the Perimeter Solutions manufacturing facility in Pasco, WA this week.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9535/171799_img1.jpgPerimeter Solutions op
6/29/23 12:11:00 PM ET
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Perimeter Solutions Reports First Quarter 2023 Financial Results
Solid Fire Safety performance in the seasonally small first quarterImproved sequential results in Specialty ProductsOver $10 million in share repurchases year to date in 2023Clayton, Missouri--(Newsfile Corp. - May 10, 2023) - Perimeter Solutions, SA (NYSE:PRM) ("Perimeter" or the "Company"), a leading provider of mission-critical firefighting products and services, as well as high-quality lubricant additives, today reported financial results for its first quarter ended March 31, 2023. First Quarter 2023 Results Net sales decreased 24% to $43.9 million in the first quarter, as compared to $57.8 million in the prior year quarter. Fire Safety sales increased 1% to $18.7 million, as compared to
5/10/23 6:00:00 AM ET
$PRM
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Perimeter Announces Date for First Quarter 2023 Earnings Call
Clayton, Missouri--(Newsfile Corp. - April 28, 2023) - Perimeter Solutions (NYSE:PRM) ("Perimeter" or the "Company"), producers of PHOS-CHEK® long-term fire retardant and other high-quality firefighting products and lubricant additives, announced today it will release its financial results for the first quarter 2023 on Wednesday, May 10, 2023, before the market opens. The Company will host a conference call to discuss these results at 8:30 a.m. ET on the same day. The presentation will be led by CEO Haitham Khouri and CFO Charles Kropp.The live webcast of the call can be accessed through Perimeter's investor relations website at https://ir.perimeter-solutions.com/ and as follows:When: Wedne
4/28/23 3:00:00 PM ET
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Perimeter Solutions Q1 2024 GAAP EPS $(0.57) Misses $(0.19) Estimate, Sales $59.044M Beat $50.670M Estimate

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Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Valladares Jorge bought $300,258 worth of Ordinary Shares (42,000 units at $7.15) (SEC Form 4)

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Perimeter Solutions downgraded by UBS with a new price target

Morgan Stanley initiated coverage on Perimeter Solutions with a new price target

UBS initiated coverage on Perimeter Solutions with a new price target

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Financials

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Perimeter Solutions Reports First Quarter 2023 Financial Results

Perimeter Announces Date for First Quarter 2023 Earnings Call

Perimeter Solutions Reports Fourth Quarter 2022 Results

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SEC Filings

SEC Form 8-K12B filed by Perimeter Solutions SA

SEC Form 10-Q filed by Perimeter Solutions SA

Perimeter Solutions SA filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

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Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Executive Officer Khouri Haitham gifted 250,000 units of Ordinary Shares, received a gift of 250,000 units of Ordinary Shares and sold $3,155,697 worth of Ordinary Shares (260,156 units at $12.13), decreasing direct ownership by 4% to 249,833 units (SEC Form 4)

Director Raj Vivek exercised 25,000 units of Ordinary Shares at a strike of $12.00 and returned $299,931 worth of Ordinary Shares to the company (21,687 units at $13.83), increasing direct ownership by 0.46% to 721,226 units (SEC Form 4)

Director Thorndike William N Jr exercised 125,000 units of Ordinary Shares at a strike of $12.00, increasing direct ownership by 4% to 3,530,082 units (SEC Form 4)

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Amendment: SEC Form SC 13G/A filed by Perimeter Solutions SA

SEC Form SC 13G/A filed by Perimeter Solutions SA (Amendment)

SEC Form SC 13G/A filed by Perimeter Solutions SA (Amendment)

Perimeter Solutions Hosts Public Lands Commissioner Hilary Franz at Pasco, WA Manufacturing Site

Perimeter Solutions Reports First Quarter 2023 Financial Results

Perimeter Announces Date for First Quarter 2023 Earnings Call

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