Perimeter Solutions, Sa ( (PRM) ) has released its Q4 earnings. Here is a breakdown of the information Perimeter Solutions, Sa presented to its investors.
Perimeter Solutions, Inc. is a global leader in providing specialized solutions for the Fire Safety and Specialty Products industries, offering innovative fire management products and services as well as phosphorus-based specialty products.
Perimeter Solutions reported a mixed financial performance for the fourth quarter and full year of 2024, with substantial growth in sales and adjusted metrics, despite a net loss for the year. The company’s acquisition of IMS expands its portfolio into printed circuit board products, showcasing strategic growth initiatives.
Key financial highlights include a 74% increase in net sales to $561 million for the full year, driven by a 93% rise in Fire Safety net sales and a 29% increase in Specialty Products sales. Adjusted EBITDA nearly tripled over three years to $280.3 million, indicative of operational improvements. However, the company reported a net loss of $5.9 million for 2024, contrasting with the previous year’s net income.
The fourth quarter showed a notable recovery with a net income of $144.2 million compared to a loss in the prior-year quarter. The acquisition of IMS for $32.8 million highlights Perimeter’s commitment to diversifying its product offerings and tapping into new markets.
Looking ahead, Perimeter Solutions remains focused on strengthening its operational capabilities and expanding its market presence, with management optimistic about leveraging strategic acquisitions and innovative product offerings to drive future growth.