Earnings summaries and quarterly performance for Perimeter Solutions.
Executive leadership at Perimeter Solutions.
Haitham Khouri
Detailed
Chief Executive Officer
CEO
Edward Goldberg
Detailed
Vice Chairman
Grant Bowman
Detailed
President of Specialty Products
Jeffrey A. Emery
Detailed
President of Global Fire Safety
Kyle Sable
Detailed
Chief Financial Officer
Noriko Yokozuka
Detailed
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
Also covers: ACDC, BORR, HP +9 more
Chris Fidyk
Pacific Asset Management
1 question for PRM
Christopher Perrella
UBS Group AG
1 question for PRM
Also covers: ALB, CBT, DOW +3 more
Josh Spector
UBS Group
1 question for PRM
Also covers: ALB, AMBP, APD +27 more
Joshua Spector
UBS
1 question for PRM
Also covers: ALB, AMBP, APD +37 more
Lucas Beaumont
UBS Group AG
1 question for PRM
Also covers: AXTA, CF, IPI +4 more
Nathan Hilton
Morgan Stanley
1 question for PRM
Recent press releases and 8-K filings for PRM.
Perimeter Solutions Reports Strong Q3 2025 Financials Driven by Fire Safety Segment and New US Forest Service Contract
PRM
Earnings
New Projects/Investments
M&A
- 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.
Oct 30, 2025, 12:30 PM
Perimeter Solutions Reports Strong Q3 2025 Financial Results
PRM
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Perimeter Solutions reported consolidated revenue of $315.4 million for Q3 2025, a 9% increase year-over-year, with Adjusted EBITDA growing 9% to $186.3 million. Year-to-date 2025, consolidated revenue reached $550.1 million, up 16%, and Adjusted EBITDA increased 20% to $295.7 million.
- The Fire Safety segment saw its revenue increase 9% year-over-year to $273.4 million in Q3 2025, and its Adjusted EBITDA rose 13% to $177.2 million. The company also secured a full 5-year USFS contract, which is expected to expand its footprint and increase fixed service revenue.
- As of Q3 2025, the company maintained a strong financial position with $340.6 million in cash and cash equivalents and a Net Debt to LTM Adjusted EBITDA ratio of 1.0x. Free cash flow for Q3 2025 was $193.6 million, bringing the year-to-date total to $196.9 million.
Oct 30, 2025, 12:30 PM
Perimeter Solutions Reports Strong Q3 2025 Results and New Forest Service Contract
PRM
Earnings
New Projects/Investments
Legal Proceedings
- Perimeter Solutions reported Q3 2025 Adjusted EBITDA of $186.3 million and year-to-date Adjusted EBITDA of $295.7 million, with consolidated sales growing 9% in Q3 to $315.4 million and 16% year-to-date to $550.1 million. This performance was driven by strong results in the international retardant business, suppressants market, and IMS, alongside a more proactive initial attack strategy by customers.
- The company signed a new five-year contract with the U.S. Forest Service during Q3 2025, which is expected to drive continued financial momentum by expanding services and transitioning to a full-service model and all-powder footprint, enhancing consistency and predictability in the business despite an initial price reduction.
- The Specialty Products segment faced significant operational and safety events, including unplanned downtime at the Flexsys-operated Sauget plant, leading to a decline in Q3 Adjusted EBITDA to $9.1 million from $12.9 million in the prior year quarter. Litigation is ongoing to gain operational control of the plant.
- Perimeter Solutions maintains a strong financial position with 1x net debt to LTM Adjusted EBITDA and an undrawn $100 million revolver as of Q3 2025.
Oct 30, 2025, 12:30 PM
Perimeter Solutions Reports Strong Q3 2025 Results and New US Forest Service Contract
PRM
Earnings
New Projects/Investments
Legal Proceedings
- Perimeter Solutions reported Q3 2025 adjusted EBITDA of $186.3 million and year-to-date adjusted EBITDA of $295.7 million, with consolidated Q3 sales growing 9% to $315.4 million and year-to-date sales up 16% to $550.1 million. This performance was driven by strong operational execution, reduced dependence on the North America fire season, and a more proactive initial attack strategy by customers.
- The company signed a new five-year contract with the U.S. Forest Service during Q3 2025, which is expected to drive continued financial momentum and enhance national wildfire preparedness, despite an initial price reduction for retardant. This contract also transitions federal bulk bases to a full-service model and an all-powder product footprint, aiming for greater consistency and predictability.
- The Specialty Products segment experienced ongoing operational challenges and significant safety events at the Sauget, Illinois plant, resulting in Q3 adjusted EBITDA of $9.1 million, a decrease from the prior year. Perimeter Solutions is pursuing legal action to gain operational control of the plant.
- In Q3, the company invested nearly $17 million in capital, including $5 million in capital expenditures and $12 million for IMS product line acquisitions, while maintaining a 1x net debt to LTM adjusted EBITDA leverage ratio. The company generated $193.6 million in free cash flow for Q3 and $197 million year-to-date.
Oct 30, 2025, 12:30 PM
Perimeter Solutions Reports Third Quarter 2025 Financial Results
PRM
Earnings
M&A
Revenue Acceleration/Inflection
- Perimeter Solutions reported net sales of $315.4 million for the third quarter of 2025, marking a 9% increase compared to the prior-year quarter.
- The company recorded a net loss of $90.7 million, resulting in a $0.62 loss per diluted share for Q3 2025.
- Adjusted Net Income was $125.5 million, and Adjusted Earnings Per Diluted Share was $0.82 for the third quarter.
- Adjusted EBITDA increased 9% to $186.3 million in the third quarter of 2025.
- On September 12, 2025, the Specialty Products segment acquired IMS add-on product lines for $12.0 million.
Oct 30, 2025, 11:56 AM
Perimeter Solutions Reports Third Quarter 2025 Financial Results
PRM
Earnings
M&A
Revenue Acceleration/Inflection
- Perimeter Solutions reported net sales of $315.4 million for the third quarter ended September 30, 2025, an increase of 9% compared to the prior-year quarter, and $550.1 million for the year-to-date period, up 16%.
- The company posted a net loss of $90.7 million, or $0.62 loss per diluted share, for Q3 2025, while Adjusted Earnings Per Diluted Share were $0.82. For the year-to-date period, the net loss was $66.1 million, or $0.45 loss per diluted share, with Adjusted Earnings Per Share of $1.24.
- Adjusted EBITDA increased 9% to $186.3 million in the third quarter and 20% to $295.7 million for the year-to-date period.
- On September 12, 2025, Perimeter's Specialty Products segment acquired certain product lines from a third party for $12.0 million, integrating them into its IMS strategy.
Oct 30, 2025, 10:00 AM
Perimeter Solutions Signs Five-Year Agreement with USDA
PRM
New Projects/Investments
- Perimeter Solutions signed a transformative five-year agreement with the United States Department of Agriculture (USDA) on September 3, 2025.
- This agreement is expected to deliver over $150 million in total savings to the federal government and taxpayers.
- The contract includes a full conversion to Perimeter's powder retardant technology, significant upgrades to air tanker base capacity, and a transition to Perimeter full-service operations at most or all federal tanker bases.
- Under the agreement, 100% of Perimeter's retardant for federal use will be manufactured in the United States, and the USDA will receive the lowest pricing Perimeter offers.
Sep 3, 2025, 10:37 PM
Perimeter Solutions Reports Q1 2025 Financial & Earnings Results
PRM
Earnings
Revenue Acceleration/Inflection
M&A
Share Buyback
- Consolidated Revenue increased by 22% from $59,044K in Q1 2024 to $72.0M in Q1 2025; net sales also up 22% to $72.0M
- Consolidated Adjusted EBITDA grew by 49%, reaching $18.1M
- Segment performance varied: Fire Safety revenue rose to $37,163K with margin improvement from -1% to 27%, while Specialty Products grew modestly to $34,867K amid a 35% decline in Adjusted EBITDA
- Financial results include a net income of $56.7M, GAAP Earnings Per Diluted Share of $0.36, and non-GAAP Adjusted EPS of $0.03
- Capital allocation priorities featured $4.8M in capex, a $10M acquisition for IMS product lines, and share repurchases—part of an $8.2M buyback strategy that included repurchasing 0.9M shares at an average price of $9.19
May 8, 2025, 12:30 PM
Quarterly earnings call transcripts for Perimeter Solutions.
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