NYSE$PRM

Perimeter Solutions SA · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported stronger YoY Fire Safety results, rebound in Specialty Products revenue and Adjusted EBITDA, and repurchased 3 million shares in Q1.

Perimeter Solutions reported a 35% increase in net sales to $59.0 million. Fire Safety sales increased by 34% to $25.2 million, and Specialty Products sales increased by 35% to $33.9 million. Adjusted EBITDA increased by 289% to $12.1 million. Net loss was $82.6 million, or $0.57 per diluted share.

  • Net sales increased 35% to $59.0 million.
  • Fire Safety sales increased 34% to $25.2 million.
  • Specialty Products sales increased 35% to $33.9 million.
  • Adjusted EBITDA increased 289% to $12.1 million.

Headline financials

Total Revenue

$59M

Previous: $43.9M+34.6%
EPS

-$0.57

Previous: $0.06-1050.0%
Adjusted EBITDA

$12.1M

Previous: $3.1M+291.5%
Adjusted Net Income

-$2.07M

No prior period
Capital Expenditures

-$1.55M

Previous: -$2.46M+36.8%
Free Cash Flow

-$84.1M

Previous: $6.98M-1305.9%
Net Income

-$82.6M

Previous: $9.43M-975.4%
Operating Income

-$74.9M

Previous: $12.9M-682.5%
Gross Profit

$20.7M

Previous: $12.8M+61.2%
Cash & Equivalents

$34.4M

Previous: $91.8M-62.5%
Total Assets

$2.28B

Previous: $2.42B-5.9%
Stock-Based Comp

$1.74M

Previous: -$3.07M+156.7%

Revenue & EPS history

Perimeter Solutions · Revenue · Quarterly

$59M

Q1 2024+34.6%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Perimeter Solutions · $143M total across 2 segments · Q3 2023

  • Fire Safety
    $118M-3.0%
  • Specialty Products
    $24.4M-36.6%

Forward guidance

No forward guidance was provided in the release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+2.1%

Avg return

Earnings day

+6.4%

Avg return

5 days after

+7.8%

Avg return

30 days after

52%

12 / 23 earnings

Positive

+29.1%

Q3 2022

Best reaction

-14.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.2%+6.5%-0.2%
Q4 2025-10.5%-7.6%-19.1%
Q3 2025+20.6%+13.2%+30.6%
Q1 2025+15.2%+18.7%+24.9%
Q4 2024-8.0%-13.4%-23.1%
Q3 2024-14.1%-13.6%-8.5%
Q2 2024+0.0%+5.3%+20.8%
Q1 2024-0.9%+3.3%-7.2%
Q4 2023+2.7%+6.2%+10.1%
Q3 2023+10.8%+37.0%+37.7%
Q2 2023+10.7%+6.5%+9.2%
Q1 2023-5.4%-4.6%-12.1%
Q4 2022+2.7%+1.9%-7.9%
Q3 2022+29.1%+29.2%+52.2%
Q2 2022-5.1%-1.6%-14.8%
Q2 2021-5.1%-1.6%-14.8%
Q1 2021-1.2%+14.6%+34.6%
Q1 2022-5.1%+17.2%+40.8%
Q4 2019+0.4%-2.7%-15.0%
Q4 2021+0.3%+1.8%-7.3%
Q4 2020+6.5%+10.0%+16.1%
Q3 2020+6.5%+10.0%+16.1%
Q3 2021+6.5%+10.0%+16.1%
Q2 2020
Q1 2020

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