Perimeter Solutions Q2 net sales down 25% to $76.1M; Adj EBITDA down 41% to $21.0M

Perimeter Solutions, Inc.

2023-Q2 EPS reported $0.36 revenue$119,995,000

Net sales $76.1M, down 25% YoY; Adj EBITDA $21.0M, down 41% YoY.
Fire Safety segment sales $53.1M, down 20% YoY; Adj EBITDA $16.5M, down 32%.
Specialty Products sales $23.0M, down 33% YoY; Adj EBITDA $4.5M, down 61%.
GAAP net income $52.0M ($0.31/diluted) vs $8.9M ($0.05) prior year.
Over $26M in share repurchases during Q2 2023.

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 0.95

Perimeter Solutions, Inc. reported year-to-date 2023 results: revenue $120.0 million, net income $61.4 million, EPS $0.36 per diluted share.

Period: year-to-date 2023
Revenue: $120.0 million
Net income: $61.4 million
EPS: $0.36 per diluted share
Result: reported results

Exact text from the filing

Specialty Products Adjusted EBITDA decreased 61% to $4.5 million, as compared to $11.5 million in the prior-year quarter. Year-to-Date 2023 Results • Net sales decreased 24% to $120.0 million during the year-to-date period, as compared to $158.7 million in the prior-year period. • Fire Safety sales decreased 15% to $71.9 million, as compared to $85.0 million in the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Perimeter Solutions, Inc. reported fiscal quarter ended June 30, 2023 results: revenue $76.1 million, net income $52.0 million, EPS $0.31 per diluted share.

Period: fiscal quarter ended June 30, 2023
Revenue: $76.1 million
Net income: $52.0 million
EPS: $0.31 per diluted share
Result: reported results

Exact text from the filing

well as high-quality specialty chemicals, today reported financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Results • Net sales decreased 25% to $76.1 million in the second quarter, as compared to $101.0 million in the prior-year quarter. • Fire Safety sales decreased 20% to $53.1 million, as compared to $66.6 million in the prior-year

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Perimeter Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001880319-23-000096

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