---
schema_version: "secwatch.filing_event.v1"
accession: "0001880319-23-000021"
form_type: "8-K"
ticker: "PRM"
cik: "0001880319"
company_name: "Perimeter Solutions, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:50:54.309465+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Perimeter Solutions Q4 net loss $60.4M; full year Adj. EBITDA down 11%; restates prior periods

## Summary
- Full year net sales $360.5M (-1% YoY); Fire Safety sales -13%, Specialty Products +32%.
- Full year net income $91.8M vs loss $661.5M prior year; Adjusted EBITDA $125.4M (-11% YoY).
- Q4 net sales $41.3M (-10% YoY); Q4 Adjusted EBITDA $2.1M (-69% YoY).
- Restating unaudited Q2 and Q3 2022 financials due to errors in share-based compensation and inventory amortization.
- Repurchased ~5.5M shares in Q4 at avg $7.55; ~6.4M shares in full year at avg $7.65.

## SEC filing metadata
- accession: 0001880319-23-000021
- form_type: 8-K
- ticker: PRM
- cik: 0001880319
- company_name: Perimeter Solutions, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880319/000188031923000021/0001880319-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880319/000188031923000021/prm-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001880319-23-000021
- JSON: https://secwatch.observer/filing/0001880319-23-000021.json
- Plain text: https://secwatch.observer/filing/0001880319-23-000021.txt

## Key facts
- Earnings Releases
  Perimeter Solutions, Inc. reported For the full year ended December 31, 2022 results: revenue Full year net sales decreased 1% to $360.5 million, net income Full year net income was $91.8 million, EPS $0.52 per diluted share.
  - Period: For the full year ended December 31, 2022
  - Revenue: Full year net sales decreased 1% to $360.5 million
  - Net income: Full year net income was $91.8 million
  - EPS: $0.52 per diluted share
  - Result: reported results
  source text: Full Year 2022 Results • Full year net sales decreased 1% to $360.5 million, as compared to $362.3 million in the prior year. • Fire Safety sales decreased 13% to $226.6 million, as compared to $261.2 million in the prior year. • Specialty Products sales increased 32% to $133.9 million, as compared to $101.2 million in the prior year. • Full year net income was $91.8 million, or $0.52 per diluted share, an increase of $753.3 million from a net loss of $661.5 million, or $(9.70) per diluted share in the prior year. • Full year Adjusted EBITDA decreased 11% to $125.4 million, as compared to $141.4 million in the prior year. • Fire Safety Adjusted EBITDA decreased 34% to $77.4 million, as compared to $117.9 million in the prior year. • Specialty Products Adjusted EBITDA increased 104% to $48.0 million, as compared to $23.6 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880319/000188031923000021/0001880319-23-000021-index.htm
- Earnings Releases
  Perimeter Solutions, Inc. reported For the fourth quarter ended December 31, 2022 results: revenue Net sales decreased 10% to $41.3 million, net income Net loss during the fourth quarter was $60.4 million, EPS $(0.38) per share.
  - Period: For the fourth quarter ended December 31, 2022
  - Revenue: Net sales decreased 10% to $41.3 million
  - Net income: Net loss during the fourth quarter was $60.4 million
  - EPS: $(0.38) per share
  - Result: reported results
  source text: Fourth Quarter 2022 Results • Net sales decreased 10% to $41.3 million in the fourth quarter, as compared to $45.9 million in the prior year quarter. • Fire Safety sales decreased 18% to $19.6 million, as compared to $23.9 million in the prior year quarter. • Specialty Products sales decreased 1% to $21.7 million, as compared to $22.0 million in the prior year quarter. • Net loss during the fourth quarter was $60.4 million, or $(0.38) per share, a decrease of $630.8 million from a net loss of $691.2 million, or $(6.12) per diluted share in the prior year quarter. • Adjusted EBITDA decreased 69% to $2.1 million in the fourth quarter, as compared to $6.8 million in the prior year quarter. • Fire Safety Adjusted EBITDA decreased 420% to $(3.9) million, as compared to $1.2 million in the prior year quarter. • Specialty Products Adjusted EBITDA increased 7% to $6.0 million, as compared to $5.6 million in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880319/000188031923000021/0001880319-23-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.