secwatch.observer — SEC 8-K summary
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Issuer:     Perimeter Solutions, Inc. (PRM)
CIK:        0001880319
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001880319-22-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880319/000188031922000003/0001880319-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880319/000188031922000003/prm-20220324.htm
  HTML page:      https://secwatch.observer/filing/0001880319-22-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer