Strong Start to 2025
First quarter adjusted EBITDA reached $18.1 million, reflecting solid execution of operational value drivers and fire activity in both North America and international markets.
Fire Safety Revenue Growth
Revenue for the Fire Safety segment was $37.2 million, up 48% from last year, driven by above-average fire activity in multiple states.
IMS Acquisition
Perimeter Solutions completed its first product line acquisitions at IMS for a total purchase price of $10 million, with plans for significant capital deployment into add-on acquisitions.
Capital Allocation
Nearly $23 million of capital was allocated in the quarter, exceeding targeted equity returns of 15% or higher. Investments included capital expenditures, M&A, and share repurchases.
Favorable Debt Structure
The company maintains a single series of fixed-rate notes at 5%, maturing in Q4 2029, with no financial maintenance covenants and substantial liquidity.