The latest announcement is out from Perimeter Solutions ( (PRM) ).
Perimeter Solutions reported a remarkable 102% increase in net sales for the third quarter of 2024, reaching $288.4 million, driven by strong performance in both its Fire Safety and Specialty Products segments. Despite a net loss of $89.2 million, the company achieved a 177% surge in adjusted EBITDA to $170.4 million, showcasing the effectiveness of its operational strategies and market recovery. With considerable cash reserves and reduced net leverage, Perimeter remains well-positioned for future capital allocation, supporting its mission-critical offerings in firefighting and specialty chemicals.
For an in-depth examination of PRM stock, go to TipRanks’ Stock Analysis page.
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