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Perimeter Solutions, Sa (PRM)
:PRM
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 24, 2022
|% Change Since: -1.56%
|Next Earnings Date:Dec 14, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in revenue and EBITDA, strong operational performance during a challenging wildfire season, and robust free cash flow generation. However, there were challenges with capacity constraints during peak fire season and the timing of capital allocation. Overall, the positive aspects outweigh the negatives, indicating a strong performance and optimistic outlook.Company Guidance
During Perimeter Solutions' Q3 2024 earnings call, significant guidance was provided with a focus on operational and financial performance metrics. The company reported a remarkable 113% increase in Fire Safety revenue to $251.8 million for the quarter and a 97% rise year-to-date to $375.5 million. Fire Safety's Q3 adjusted EBITDA surged by 181% to $157.5 million, contributing to a 208% increase year-to-date at $212.9 million. This growth was largely driven by the Retardants business, reflecting a closer-to-normal fire season and the successful application of their operational value drivers. The Specialty Products segment also showed robust growth, with Q3 sales up 50% to $36.6 million and year-to-date sales rising 37% to $99.2 million. Overall, the consolidated adjusted EBITDA rose 177% in the third quarter to $170.4 million, and the company generated approximately $179.1 million in free cash flow during the quarter. Perimeter Solutions highlighted the continued expansion of industry capacity and strategic capital allocation, including potential M&A, share repurchases, and special dividends, underscoring their commitment to driving shareholder value with a disciplined approach to capital deployment.Record Growth in Fire Safety Segment
Third quarter revenue increased 113% to $251.8 million and year-to-date sales increased 97% to $375.5 million. Adjusted EBITDA rose 181% to $157.5 million in Q3.
Strong Performance in Specialty Products
Specialty Products Q3 sales increased 50% to $36.6 million, with adjusted EBITDA growing 137% to $12.9 million. Year-to-date sales increased 37% to $99.2 million.
Successful Operational Execution
Perimeter provided uninterrupted supply of retardants during record wildfire season, highlighting operational resilience and ability to meet stringent service standards.
Significant Free Cash Flow Generation
Q3 free cash flow was approximately $179.1 million, with year-to-date free cash flow at approximately $185.3 million.
Positive Capital Allocation Strategy
Over $200 million of cash on balance sheet, indicating strong financial position and flexibility for future investments or shareholder returns.
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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 |
|---|---|---|---|
| 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% |
| Feb 22, 2024 | $5.65 | $5.99 | +6.02% |
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, Sa (PRM) report earnings?
Perimeter Solutions, Sa (PRM) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Perimeter Solutions, Sa (PRM) earnings time?
Perimeter Solutions, Sa (PRM) earnings time is at Mar 20, 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 2024 (Q4) is -0.06.
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