What Perimeter Solutions (PRM) said on its Q3 earnings call. Perimeter Solutions (NYSE:PRM), which formally changed its name to Perimeter Group on Nov. 4, reported a 20% increase in third-quarter adjusted EBITDA as growth in its Fire Safety and Specialty Products segments offset near-term supply costs at its PDI lubricant additives business. Third-quarter adjusted EBITDA rose to $223.5 million, while net sales decreased 24% to $389.9 million, Chief Financial Officer Kyle Sable said on the company's Nov. 5 earnings call. Adjusted diluted earnings per share increased to $0.85 from $0.82 a year earlier. Net income was $304.5 million, or $1.74 per diluted share, compared with a net loss of $90.7 million, or $0.62 per share, in the prior-year quarter. Year-to-date sales rose 32% to $728.7 million, and adjusted EBITDA increased 25% to $370.3 million. Chief Executive Officer Haitham Khouri said the company's new name reflects its structure as a group of six businesses across two reporting segments. The fire retardant business retains the Perimeter Solutions name, and the company continues to trade under the PRM ticker. Perimeter also moved its headquarters to Charlotte, North Carolina. Fire Safety growth and wildfire activity. Fire Safety revenue rose 14% to $312.5 million in the quarter, while adjusted EBITDA increased 14% to $201.6 million. Results included Monaco Enterprises, the life safety and incident management systems business acquired on July 30. Sable said international retardant sales were strong, led by Europe and Australia, while North American retardant sales also grew. The suppressants business benefited from stronger foam sales outside North America and resumed deliveries to the Defense Logistics Agency under a five-year contract with a maximum value of $500 million. The segment's adjusted EBITDA margin was 64.5%, essentially flat year over year despite a pricing step-down under the company's federal retardant contract, Sable said. This was the first full season under that five-year agreement. North American fire activity was at the high end of what the company considers normal for the year to date, Sable said. Activity was more severe than normal in July and August but slowed sharply in September, while Canada remained below normal throughout the quarter. During the most active periods, air tanker availability was the primary constraint on delivering retardant, Sable said. Perimeter has also shifted more sales toward fixed service fees as contracts have been renewed, reducing its exposure to changes in fire activity. PDI supply investments weigh on outlook. Specialty Products revenue rose 84% to $77.3 million, and adjusted EBITDA climbed to $21.9 million from $9.1 million. The segment includes PDI, medical manufacturing equipment business MMT and aftermarket electronics business IMS. Management said it is expanding production at its own facilities and engaging alternative sources to improve reliability at PDI, where U.S. supply has fallen short of customer needs. Those sources are more expensive on average in the near term, Sable said. Khouri told analysts that an effort to resolve the problem within the contractual framework with an existing supplier had not succeeded. The company is prepared to address the issue outside that framework, he said, but was not ready to provide full details or a timeline for normalization. Despite the costs, Sable said the company expects fourth-quarter Specialty Products adjusted EBITDA to be only modestly below its average quarterly result for the first three quarters, supported by performance outside PDI. Khouri described PDI's expected fourth-quarter EBITDA contribution as minimal. Cash flow and acquisitions. Perimeter generated $150.4 million in free cash flow during the third quarter, which Sable described as its seasonally strongest period for cash generation. The company ended the quarter with approximately $116 million in cash and $316 million in total liquidity. Net debt was approximately 2.7 times trailing 12-month adjusted EBITDA, down from 3.1 times at the end of the second quarter. Perimeter repaid the revolving credit borrowings used to fund its Monaco acquisition, leaving its $200 million facility undrawn at quarter-end, Sable said. The company deployed approximately $830 million of capital year to date, including about $682 million for MMT, $117 million for Monaco and $31 million of capital spending. After meeting reinvestment needs, acquisitions remain the primary capital allocation focus, Sable said. Perimeter expects capital expenditures to be at the high end of its $30 million to $40 million annual range in 2026. It also expects to work through excess federal customer retardant inventory by the second quarter of 2027 after the September slowdown left it with more stock than anticipated. About Perimeter Solutions (NYSE:PRM). Perimeter Solutions, Inc (NYSE:PRM) is a specialty chemicals and fire-safety company that develops and supplies products used to prevent, control and suppress fires, as well as chemicals used in industrial applications. Its operations are organized primarily around fire-safety products and performance chemicals. The company's fire-safety portfolio includes PHOS-CHEK-branded wildfire retardants, firefighting foams, gels and other suppression products. These solutions are used by government agencies, fire departments, aviation and industrial customers, and other organizations involved in wildfire response, emergency preparedness and fire protection. Perimeter Solutions also produces phosphorus-based specialty chemicals, including phosphorus pentasulfide, which is used in applications such as lubricant additives and other industrial processes.

Perimeter Solutions moving headquarters to Charlotte after $685M acquisition. By WSOCTV.com News Staff October 20, 2026 at 1:10 pm EDT CHARLOTTE - Perimeter Solutions plans to move its corporate headquarters from the St. Louis area to Charlotte next month following its $685 million acquisition of a medical device manufacturing equipment company. The company said it expects to relocate its headquarters on Nov. 4, the same day it plans to change its name to Perimeter Group Inc. The company will continue trading on the New York Stock Exchange under the ticker symbol PRM, according to the Charlotte Business Journal. Perimeter Solutions acquired Medical Manufacturing Technologies, a provider of medical device manufacturing equipment, products, and services, in January for about $685 million in cash, including certain tax benefits. MMT is based in Charlotte. The company has not publicly detailed why it chose Charlotte for its headquarters or how many employees may be affected by the relocation. Its most recent annual report did not list a leased Charlotte address among its locations. As of the end of 2025, Perimeter Solutions reported 356 full-time employees worldwide, along with 15 temporary, seasonal or part-time workers. The acquisition of MMT added another 356 full-time employees and nine temporary, seasonal, or part-time workers, according to the company's annual report. The headquarters move and name change reflect Perimeter's growth beyond its traditional fire-retardant business into a broader group of fire safety and specialty industrial companies. "Perimeter has grown to six businesses, and the Perimeter Group name better represents the company as a whole," CEO Haitham Khouri said in a statement. The company's fire-retardant business will continue operating under the Perimeter Solutions name. Its suppressant business, Solberg, will become Solberg Fire, while product brands including PHOS-CHEK and Auxquimia will retain their names. Perimeter's businesses span two segments: Perimeter Solutions, Solberg Fire and Monaco Enterprises, which makes fire detection, notification and emergency management systems, and Phosphorus Derivatives Inc., Medical Manufacturing Technologies and Intelligent Manufacturing Solutions, which provides aftermarket electronics. The company completed its $120 million acquisition of Washington-based Monaco Enterprises in August, adding a provider of life-safety and emergency management systems serving U.S. government facilities. Chief Financial Officer Kyle Sable said the company plans to keep investing in its businesses, including in research, staffing, customer service, and production capacity. Perimeter Solutions reported second-quarter net sales of $213.8 million, up 31% from $162.6 million a year earlier. The company recorded a net loss of $181.6 million for the quarter, compared with a loss of $32.2 million in the second quarter of 2025. The most recent quarter's results included $266.3 million in contractual founders' advisory fees stemming from the company's 2021 public listing, officials said. For 2025, the company reported a net loss of $206.4 million on net sales of $652.9 million. In 2024, it reported a net loss of $5.9 million on sales of more than $560.9 million. Perimeter Solutions was formed after SK Capital acquired fire safety and oil additives businesses from Israel Chemicals Ltd. in a deal that closed in March 2018. The company later became publicly traded on the New York Stock Exchange in November 2021 after a transaction with EverArc Holdings. It converted to a Delaware-incorporated company in November 2024 while maintaining its corporate base in Clayton, Missouri. (C) 2026 Cox Media Group