Business
Perimeter Solutions Reports First Quarter 2025 Financial Results
First quarter Net Income of $56.7M and Adjusted Net Income of $4.1MStrong execution and early season fire activity drove first quarter Adjusted EBITDA of $18.1MFirst quarter Earnings Per Diluted Share of $0.36 and Adjusted Earnings Per Diluted Share of $0.03First IMS add-on product line acquisitions completedClayton, Missouri--(Newsfile Corp. - May 8, 2025) - Perimeter Solutions, Inc. (NYSE: PRM) ("Perimeter" or the "Company"), a leading global solutions provider for the Fire Safety and Specialt
About this update from Perimeter Solutions, Sa
[{"type":"text","content":"First quarter Net Income of $56.7M and Adjusted Net Income of $4.1M","length":67,"tagName":"p","attribs":{}},{"type":"text","content":"Strong execution and early season fire activity drove first quarter Adjusted EBITDA of $18.1M","length":93,"tagName":"p","attribs":{}},{"type":"text","content":"First quarter Earnings Per Diluted Share of $0.36 and Adjusted Earnings Per Diluted Share of $0.03","length":98,"tagName":"p","attribs":{}},{"type":"text","content":"First IMS add-on product line acquisitions completed","length":52,"tagName":"p","attribs":{}},{"type":"text","content":"Clayton, Missouri--(Newsfile Corp. - May 8, 2025) - Perimeter Solutions, Inc. (NYSE: PRM) ("Perimeter" or the "Company"), a leading global solutions provider for the Fire Safety and Specialty Products industries, today reported financial results for its first quarter ended March 31, 2025.","length":309,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Results ","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales increased 22% to $72.0 million in the first quarter, as compared to $59.0 million in the prior-year quarter.","length":118,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fire Safety net sales increased 48% to $37.2 million, as compared to $25.2 million in the prior year quarter.","length":109,"tagName":"p"}]},{"val":[{"type":"text","content":"Specialty Products net sales increased 3% to $34.9 million, as compared to $33.9 million in the prior year quarter.","length":115,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":224,"olType":false}]},{"val":[{"type":"text","content":"Net income during the first quarter was $56.7 million, or $0.36 per diluted share, as compared to a net loss of $82.6 million, or $0.57 loss per diluted share in the prior year quarter.","length":185,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter non-GAAP adjusted earnings per share was $0.03, as compared to adjusted loss per share of $0.01 in the prior year quarter.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA increased 49% to $18.1 million in the first quarter, as compared to $12.1 million in the prior year quarter.","length":124,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fire Safety Adj...