Perimeter Solutions Q3 net sales down 18% to $160.5M; Fire Safety segment leads decline

Perimeter Solutions, Inc.

2022-Q3 EPS reported $0.70 revenue$319,232,000

Q3 net sales $160.5M, down 18% YoY; net income $78.7M ($0.45 diluted EPS) vs $52.0M ($0.98) in prior year.
Fire Safety sales -29% to $122.0M; Adj. EBITDA -38% to $60.4M.
Specialty Products sales +68% to $38.5M; Adj. EBITDA +512% to $15.3M.
YTD net income $123.7M ($0.70 diluted EPS) vs $29.6M ($0.56) in prior year.
Board authorized $100M share repurchase over next 24 months.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Perimeter Solutions, Inc. reported the three months ended September 30, 2022 results: revenue $160.5 million, net income $78.7 million, or $0.45 per diluted share, EPS $0.45 per diluted share.

Period: the three months ended September 30, 2022
Revenue: $160.5 million
Net income: $78.7 million, or $0.45 per diluted share
EPS: $0.45 per diluted share
Result: reported results

Exact text from the filing

• Specialty Products Adjusted EBITDA increased 135% to $42.0 million, as compared to $17.9 million in the prior year. Third Quarter 2022 Results • Net sales decreased 18% to $160.5 million in the third quarter, as compared to $195.4 million in the prior-year quarter. • Fire Safety sales decreased 29% to $122.0 million, as compared to $172.4 million in the prior

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Perimeter Solutions, Inc. reported the nine months ended September 30, 2022 results: revenue $319.2 million, net income $123.7 million, or $0.70 per diluted share, EPS $0.70 per diluted share.

Period: the nine months ended September 30, 2022
Revenue: $319.2 million
Net income: $123.7 million, or $0.70 per diluted share
EPS: $0.70 per diluted share
Result: reported results

Exact text from the filing

Year-to-Date 2022 Results • Net sales increased 1% to $319.2 million during the year-to-date period, as compared to $316.5 million in the prior-year period.

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Perimeter Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001880319-22-000079

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