Perimeter Solutions Q3 sales and adjusted EBITDA beat estimates
PRM•Perimeter Solutions’ third-quarter sales rose 24% year over year to $389.90 million, above the $381.29 million estimate. Adjusted EBITDA increased 20% to $223.50 million, beating the $213.44 million estimate.
1. Quarterly results
The company reported third-quarter net income of $304.50 million and adjusted EPS of $0.85, up from $0.82 a year earlier. Specialty Products net sales rose 84% year over year, while Fire Safety segment net sales increased 14%. Recent acquisitions contributed to higher adjusted EBITDA. The company did not provide specific financial guidance for the current quarter or full year.
