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Perimeter Solutions (PRM)
NYSE:PRM
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -20.24%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant EBITDA growth, successful M&A activity, and an effective share repurchase program. However, there were challenges related to increased cash tax payments and higher capital expenditures. The response to Southern California wildfires demonstrated operational strength but also highlighted the need for increased resources.Company Guidance
During the Perimeter Solutions fourth quarter and year-end 2024 earnings call, the company provided guidance highlighting several key metrics and strategic directions. The Chief Executive Officer, Haitham Khouri, emphasized the company's substantial progress in increasing normalized earnings power through their operational value driver strategy, which focuses on profitable new business, productivity improvements, and value-based pricing. Over a three-year period, their consolidated adjusted EBITDA approximately doubled from $141 million in 2021 to $280 million in 2024, translating to a 26% compound annual growth rate (CAGR). The adjusted EBITDA margin expanded by 1,100 basis points over this period. Additionally, the company reported a full-year adjusted EPS of $1.11 and free cash flow of $172.9 million in 2024. Looking forward, Perimeter Solutions plans to continue allocating capital towards high-return internal reinvestments, mergers and acquisitions, share repurchases, and special dividends, with a focus on delivering private equity-like returns with the liquidity of a public market.Significant Growth in Adjusted EBITDA
Consolidated adjusted EBITDA doubled from $141 million in 2021 to $280 million in 2024, representing a three-year CAGR of 26%.
Fire Safety Segment Performance
Fourth quarter revenue increased by 72% to $60.7 million, and full-year revenue grew by 93% to $436.3 million. Adjusted EBITDA for the segment rose 289% in Q4 and 215% for the full year.
Successful M&A Activity
Acquired Intelligent Manufacturing Solutions (IMS) for $33 million, with expected strategic synergies in the PCB market.
Strong Share Repurchase Program
Repurchased approximately 3 million shares in 2024 at an average price of $4.81, representing an approximately 160% return on investment.
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PRM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $11.76 | $10.82 | -7.99% |
| Nov 12, 2024 | $14.08 | $12.23 | -13.14% |
| Aug 01, 2024 | $9.69 | $10.73 | +10.73% |
| May 09, 2024 | $7.67 | $7.42 | -3.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Perimeter Solutions (PRM) report earnings?
Perimeter Solutions (PRM) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Perimeter Solutions (PRM) earnings time?
Perimeter Solutions (PRM) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRM EPS forecast?
PRM EPS forecast for the fiscal quarter 2025 (Q1) is -0.09.
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