secwatch.observer — SEC 8-K summary
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Issuer:     Perimeter Solutions, Inc. (PRM)
CIK:        0001880319
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001880319-23-000109
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perimeter Solutions Q3: Net sales down 11% to $142.7M, Adj. EBITDA falls 19% to $61.5M
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- Net income $19.3M ($0.12 diluted) vs $106.2M ($0.60) in prior year quarter.
- Fire Safety sales $118.3M (-3% YoY), driven by >40% drop in U.S. acres burned.
- Specialty Products sales fell 37% to $24.4M, citing inventory destock.
- Year-to-date Adj. EBITDA $85.6M, down 31% from $123.3M.
- Management cites weak wildfire season and destock as key headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880319/000188031923000109/0001880319-23-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880319/000188031923000109/prm-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001880319-23-000109

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