Perimeter Solutions Q4 net loss $689.5M, FY net loss $659.8M; Adjusted EBITDA down 57% in Q4

Perimeter Solutions, Inc.

Full year 2021 net sales $362.3M, up 7% YoY; Fire Safety sales +7% to $261.2M, Oil Additives +7% to $101.2M.
Full year net loss $659.8M ($9.68 diluted loss per share) vs net income $24.2M in 2020; Adjusted EBITDA up 4% to $141.4M.
Q4 2021 net sales $45.9M, down 18% YoY; net loss $689.5M ($6.10 per share) vs loss $6.3M in Q4 2020.
Q4 Adjusted EBITDA $6.8M, down 57% from $16.0M a year ago; Fire Safety segment Adjusted EBITDA down 87%.
Guidance: expects consolidated 2022 Adjusted EBITDA growth consistent with or above long-term mid-teens growth framework.

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