secwatch.observer — SEC 8-K summary
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Issuer:     Perimeter Solutions, Inc. (PRM)
CIK:        0001880319
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001880319-23-000076
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880319/000188031923000076/0001880319-23-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880319/000188031923000076/prm-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001880319-23-000076

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