Perimeter Solutions Q1 net sales down 24%; adjusted EBITDA falls 74% to $3.1M

Perimeter Solutions, Inc.

2023-Q1 EPS reported $0.06 revenue$43,858,000

Net sales $43.9M (-24% YoY); net income $9.4M ($0.06 diluted EPS) vs $37.0M ($0.21) prior year.
Fire Safety sales up 1% to $18.7M; Specialty Products down 36% to $25.1M.
Adjusted EBITDA fell 74% to $3.1M; Fire Safety EBITDA loss $3.4M, Specialty $6.5M.
Over $10M in share repurchases YTD 2023; management notes sequential improvement in Specialty.

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 0.98

Perimeter Solutions, Inc. reported first quarter ended March 31, 2023 results: revenue $43.9 million, net income $9.4 million, EPS $0.06 per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $43.9 million
Net income: $9.4 million
EPS: $0.06 per diluted share
Result: reported results

Exact text from the filing

as well as high-quality lubricant additives, today reported financial results for its first quarter ended March 31, 2023. First Quarter 2023 Results • Net sales decreased 24% to $43.9 million in the first quarter, as compared to $57.8 million in the prior year quarter. • Fire Safety sales increased 1% to $18.7 million, as compared to $18.5 million in the prior year

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Source: SEC EDGAR

accession 0001880319-23-000076

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