Perimeter Solutions Q1 Sales Up 74% to $125.1M, EBITDA Jumps 128%
Perimeter Solutions posted Q1 2026 net sales of $125.1M, up 74% year-over-year, driven by 128% growth in Specialty Products ($79.6M) and 22% rise in Fire Safety ($45.5M), resulting in net income of $72.9M ($0.44 per diluted share) and Adjusted EBITDA of $41.2M (versus $18.1M). The company acquired Medical Manufacturing Technologies for $682.3M and secured five-year Defense Logistics Agency and California Department of Forestry contracts for suppressants and retardants in April.
1. First Quarter Financial Results
Perimeter Solutions reported net sales of $125.1 million for the quarter ended March 31, 2026, a 74% increase from the prior year period. Net income reached $72.9 million, or $0.44 per diluted share, with non-GAAP adjusted earnings per share of $0.06 and Adjusted EBITDA of $41.2 million, up 128% year-over-year.
2. Segment Performance
The Fire Safety segment generated net sales of $45.5 million, up 22% year-over-year, and delivered adjusted EBITDA of $18.7 million, an 85% increase. Specialty Products net sales surged 128% to $79.6 million, producing adjusted EBITDA of $22.5 million, up 181% from the prior year quarter.
3. Acquisition of MMT
On January 22, 2026, Perimeter Solutions completed the acquisition of Medical Manufacturing Technologies for a cash purchase price of $682.3 million, funded through cash on hand and a senior secured notes offering. MMT has been integrated into the Specialty Products segment to enhance the company’s portfolio of lubricant additives and medical-device components.
4. Five-Year Contract Awards
In April, Perimeter secured key five-year contracts with the U.S. Defense Logistics Agency for fire suppressants and with the California Department of Forestry for fire retardants. These agreements strengthen the company’s Fire Safety backlog and support long-term revenue visibility.