PRM NYSE· Perimeter Solutions SA
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PRM NYSE· Perimeter Solutions SA
Earnings report Q3 2023

Perimeter Solutions Reports Decline in Revenue for Latest Quarter

Segments of revenue

Perimeter Solutions, a global solutions provider in firefighting products and specialty chemicals, reported a decline in revenue for the latest quarter. Revenues from products amounted to $122.3 million, compared to $139.9 million in the same quarter last year. Revenues from services totaled $19.8 million, slightly lower than the $20.1 million reported in the previous year. Other revenues amounted to $0.5 million, compared to $0.4 million in the same quarter last year. Overall, total net sales for the quarter were $142.7 million, down from $160.5 million in the previous year.


Despite the decline in revenue, Perimeter Solutions continues to demonstrate strength in its business operations. The company's gross profit for the quarter amounted to $73.3 million, resulting in a gross profit margin of 51.4%. This indicates the company's ability to maintain profitability despite the challenging market conditions. Additionally, Perimeter Solutions reported an operating income of $27.2 million, showcasing its effective cost management strategies.


The decline in revenue for the latest quarter poses a challenge for Perimeter Solutions. The decrease in revenues from products and services reflects a challenging market environment, potentially impacted by factors such as global economic conditions and competitive pressures. The company should closely monitor these challenges and implement strategies to mitigate their impact on future financial performance.


It is worth noting that Perimeter Solutions recently underwent a change in its corporate structure, becoming a public company limited by shares. This change may have implications for the company's financial reporting and governance practices. Additionally, the company's ordinary shares are listed on the New York Stock Exchange under the symbol "PRM," providing investors with an opportunity to participate in the company's growth.


Perimeter Solutions reported a decline in revenue for the latest quarter, primarily driven by lower revenues from products and services. However, the company demonstrated strength in its gross profit and operating income, indicating effective cost management. The decline in revenue poses a challenge for the company, highlighting the need for proactive measures to address market pressures. Overall, Perimeter Solutions' financial performance reflects its position as a global solutions provider in the firefighting products and specialty chemicals industry.

Source documents

Form 10-Q  filed on Nov 09, 2023
38 pages scanned

Reference data

Company financials Q3 revenue 59.5M
Analyst estimates Q3 EPS missed by -32.97%
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