NYSE$PRM

Perimeter Solutions SA · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial results for Q3 2022, showing a decrease in net sales and adjusted EBITDA compared to the prior-year quarter.

Perimeter Solutions reported a decrease in net sales by 18% and a decrease in Adjusted EBITDA by 25% for the third quarter of 2022, as compared to the prior-year quarter, driven by the mild North America fire season.

  • Net sales decreased 18% in Q3 2022 compared to Q3 2021, influenced by a mild North America fire season.
  • Fire Safety Q3 Adjusted EBITDA was $60.4 million.
  • Specialty Products Q3 Adjusted EBITDA was $15.3 million.
  • A new $100.0 million share repurchase authorization was approved.

Headline financials

Total Revenue

$161M

Previous: $195M-17.9%
EPS (adj)

$0.45

Previous: $0.98-54.1%
Adjusted EBITDA

$75.6M

Previous: $100M-24.6%
Capital Expenditures

-$6.02M

Previous: -$5.15M-17.0%
Free Cash Flow

$72.7M

Previous: $46.9M+55.1%
Net Income

$78.7M

Previous: $52M+51.3%
Operating Income

$123M

Previous: $80.4M+53.5%
Gross Profit

$85.8M

Previous: $109M-21.5%
Cash & Equivalents

$166M

Previous: $39.6M+320.0%
Total Assets

$2.5B

Previous: $1.18B+112.5%
Stock-Based Comp

$6.83M

No prior period

Revenue & EPS history

Perimeter Solutions · Revenue · Quarterly

$161M

Q3 2022-17.9%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Perimeter Solutions · $161M total across 2 segments · Q3 2022

  • Fire Safety
    $122M-29.2%
  • Specialty Products
    $38.5M+67.4%

Forward guidance

No specific forward guidance was provided in the earnings report.

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 Q3 2022

Historical avgQ3 2022

+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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