Perimeter Solutions’ Sales Up 16% to $652.9M, $685M MMT Acquisition
Perimeter Solutions’ full-year net sales rose 16% to $652.9M while net loss widened to $206.4M ($1.37/share), though adjusted EBITDA climbed 18% to $331.7M. Fourth-quarter revenue grew 19% to $102.8M with Specialty Products up 75%, as GAAP loss reached $140.2M ($0.94/share) after $40M product-line and $685M MMT acquisitions.
1. Full-Year Financial Results
Perimeter Solutions delivered full-year 2025 net sales of $652.9M, a 16% increase from $561.0M, while recording a GAAP net loss of $206.4M ($1.37/share). The company generated adjusted EBITDA of $331.7M, up 18%, driven by a 21% boost in Fire Safety EBITDA to $290.5M and 3% growth to $41.2M in Specialty Products EBITDA.
2. Q4 Sales and Profitability
In the fourth quarter, net sales climbed 19% to $102.8M, supported by a 75% rise in Specialty Products revenue to $44.7M, despite a 4% drop in Fire Safety sales to $58.1M. GAAP net loss was $140.2M ($0.94/share), while non-GAAP EBITDA increased 9% to $36.0M and adjusted EPS matched the prior-year at $0.13.
3. Strategic Acquisitions and Capital Deployment
During Q4 2025, Perimeter acquired add-on electro-optical product lines for $40.0M, and in January 2026 completed a $685.0M purchase of Medical Manufacturing Technologies. Funded via cash on hand and a senior secured notes offering, these deals will expand the Specialty Products segment’s capabilities and revenue base.