Perimeter Solutions, Sa ( (PRM) ) has released its Q1 earnings. Here is a breakdown of the information Perimeter Solutions, Sa presented to its investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Perimeter Solutions, Inc. is a global solutions provider specializing in the Fire Safety and Specialty Products industries, offering innovative products and services to combat fires and develop specialty chemical solutions.
In its first quarter of 2025, Perimeter Solutions reported a significant turnaround with a net income of $56.7 million, compared to a net loss in the previous year. The company’s strong performance was driven by increased sales and strategic acquisitions.
Key financial highlights include a 22% increase in net sales to $72 million, with the Fire Safety segment showing a remarkable 48% growth. Adjusted EBITDA rose by 49% to $18.1 million, reflecting strong execution and early fire season activity. The company also completed its first IMS add-on product line acquisition.
Looking ahead, Perimeter Solutions remains focused on leveraging its recent acquisitions and maintaining its growth trajectory in both the Fire Safety and Specialty Products segments, as indicated by the management’s positive outlook.