secwatch.observer — SEC 8-K summary
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Issuer:     Perimeter Solutions, Inc. (PRM)
CIK:        0001880319
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001880319-23-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880319/000188031923000021/0001880319-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880319/000188031923000021/prm-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001880319-23-000021

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