Earnings summaries and quarterly performance for Perimeter Solutions.
Executive leadership at Perimeter Solutions.
Haitham Khouri
Chief Executive Officer
Edward Goldberg
Vice Chairman
Grant Bowman
President of Specialty Products
Jeffrey A. Emery
President of Global Fire Safety
Kyle Sable
Chief Financial Officer
Noriko Yokozuka
General Counsel, Corporate Secretary and Compliance Officer
Board of directors at Perimeter Solutions.
Research analysts who have asked questions during Perimeter Solutions earnings calls.
Daniel Kutz
Morgan Stanley
3 questions for PRM
Chris Fidyk
Pacific Asset Management
1 question for PRM
Christopher Perrella
UBS Group AG
1 question for PRM
Josh Spector
UBS Group
1 question for PRM
Joshua Spector
UBS
1 question for PRM
Lucas Beaumont
UBS Group AG
1 question for PRM
Nathan Hilton
Morgan Stanley
1 question for PRM
Recent press releases and 8-K filings for PRM.
- Perimeter Solutions' indirect subsidiary, Perimeter Holdings, LLC, priced an offering of $550 million aggregate principal amount of senior secured notes due 2034.
- The notes will bear interest at 6.250% per year, payable semi-annually, and the offering is expected to close on January 2, 2026.
- The net proceeds from the offering are intended to fund the acquisition of Medical Manufacturing Technologies LLC (MMT) and cover related fees and expenses.
- Perimeter Holdings expects to amend its existing revolving credit facility to increase the aggregate principal amount to up to $200.0 million and extend its maturity date.
- The notes will be redeemed if the MMT acquisition is not consummated by September 9, 2026, or if Perimeter Holdings decides not to pursue the acquisition or terminates the purchase agreement.
- Perimeter Solutions' indirect subsidiary, Perimeter Holdings, LLC, priced an offering of $550 million aggregate principal amount of 6.250% senior secured notes due 2034.
- The notes are expected to close on January 2, 2026, and the proceeds, along with cash on hand, will be used to fund the acquisition of Medical Manufacturing Technologies LLC (MMT) and cover related fees.
- The notes are fully and unconditionally guaranteed on a senior secured basis by Perimeter Intermediate, LLC and certain restricted subsidiaries, and are secured by a first-priority security interest in substantially all assets of Perimeter Holdings and the guarantors.
- Perimeter Holdings will be obligated to redeem the notes if the MMT acquisition is not consummated by September 9, 2026, or if the acquisition agreement is terminated.
- Perimeter Holdings, an indirect subsidiary of Perimeter Solutions, intends to offer $550.0 million aggregate principal amount of senior secured notes due 2034.
- The net proceeds from this offering, combined with cash on hand, are designated to fund the acquisition of Medical Manufacturing Technologies LLC (MMT) and cover associated fees and expenses.
- Perimeter Holdings will be obligated to redeem the Notes if the MMT acquisition is not consummated by September 9, 2026, or if the acquisition is terminated.
- Prior to the Notes offering, Perimeter Holdings expects to amend its revolving credit facility to increase its aggregate principal amount to up to $200.0 million and extend its maturity date.
- Perimeter Solutions is acquiring Medical Manufacturing Technologies LLC (MMT) for $685 million in cash.
- The acquisition will be funded by $500 million of new senior secured debt financing and approximately $185 million of cash on hand.
- MMT is expected to generate approximately $140 million of revenue and $50 million of EBITDA on a full-year basis in 2025, implying a purchase price multiple of approximately 14 times Adjusted EBITDA.
- The transaction is expected to close in the first quarter of 2026, subject to regulatory approval, and will result in a pro forma leverage of approximately 2.7 times net debt to combined Adjusted EBITDA.
- MMT is a leading provider of precision machinery and associated aftermarket consumables, parts, and services for minimally invasive medical devices, with nearly all revenue from proprietary products and approximately half from the aftermarket.
- Perimeter Solutions is acquiring Medical Manufacturing Technologies (MMT) for $685 million in cash.
- MMT is projected to achieve approximately $140 million in revenue and $50 million in Adjusted EBITDA for the full year 2025.
- The acquisition will be financed through $500 million in new secured debt and $185 million from Perimeter Solutions' existing cash reserves.
- The transaction is expected to close in the first quarter of 2026, subject to regulatory approval.
- Following the acquisition, Perimeter Solutions' pro forma Net Debt to LTM Adjusted EBITDA is estimated at 2.7x.
- Perimeter Solutions (PRM) announced its agreement to acquire Medical Manufacturing Technologies LLC (MMT) for $685 million in cash.
- The acquisition will be financed with $500 million of new senior secured debt financing and approximately $185 million of cash on hand.
- MMT is expected to generate approximately $140 million in revenue and $50 million in EBITDA on a full-year basis in 2025, which implies a purchase price multiple of approximately 14 times Adjusted EBITDA.
- The transaction is anticipated to close in the first quarter of 2026, pending regulatory approval.
- Perimeter Solutions has agreed to acquire Medical Manufacturing Technologies LLC (MMT) for $685 million in cash, including certain tax benefits.
- MMT is a leading provider of precision machinery and associated aftermarket consumables, parts, and services used in the manufacturing of minimally invasive medical devices.
- MMT is expected to generate approximately $140 million of revenue and $50 million of EBITDA on a full-year basis in 2025, implying a purchase price multiple of approximately 14 times Adjusted EBITDA.
- The transaction will be funded with $500 million of new secured debt financing and approximately $185 million of cash on hand.
- The acquisition is expected to close in the first quarter of 2026, subject to regulatory approval.
- Perimeter Solutions, Inc. has entered into a definitive agreement to acquire Medical Manufacturing Technologies LLC (MMT) for approximately $685 million in cash.
- MMT is expected to generate approximately $140 million of revenue and $50 million of Adjusted EBITDA on a full-year basis in 2025.
- The acquisition will be funded through $500 million of new secured debt financing and $185 million of cash on hand.
- The transaction is anticipated to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions.
- Following the acquisition, Perimeter Solutions expects a net leverage profile of approximately 2.7 times net debt to combined Adjusted EBITDA for the last twelve months ended September 30, 2025.
- Perimeter Solutions, Inc. (NYSE: PRM) has entered into a definitive agreement to acquire Medical Manufacturing Technologies LLC (MMT) for approximately $685 million in cash, including certain tax benefits.
- MMT is expected to generate approximately $140 million of revenue and $50 million of Adjusted EBITDA on a full-year basis in 2025.
- The acquisition will be funded through $500 million of new secured debt financing and $185 million of cash on hand.
- Perimeter Solutions expects a net leverage profile of approximately 2.7 times net debt to combined Adjusted EBITDA for the last twelve months ended September 30, 2025, following the transaction.
- The acquisition is anticipated to close in the first quarter of 2026.
- Perimeter Solutions reported Q3 2025 consolidated sales of $315.4 million, a 9% increase year-over-year, and adjusted EBITDA of $186.3 million, also up 9%.
- The Fire Safety segment's revenue grew 9% to $273.4 million and adjusted EBITDA increased 13% to $177.2 million, driven by operational value drivers, reduced dependence on the North America fire season, and customers' proactive initial attack strategies.
- The company signed a significant five-year contract with the U.S. Forest Service in Q3 2025, which is expected to drive continued financial momentum by initially lowering retardant prices, expanding services, and enhancing wildfire preparedness.
- The Specialty Products segment's adjusted EBITDA declined to $9.1 million due to persistent unplanned downtime and operational issues at the Flexsys-operated Sauget plant, with continued financial impact expected until resolution.
- Perimeter Solutions invested $12 million in Q3 for IMS product line acquisitions and is actively evaluating larger M&A targets, while maintaining a net debt to LTM adjusted EBITDA ratio of 1 times.
Quarterly earnings call transcripts for Perimeter Solutions.
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