Overview

* Perimeter Q2 net sales rise 28% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q2 beats consensus, rising 41% yr/yr

* Co reports Q2 net loss of $32.2 mln, adjusted EPS at $0.39

Result Drivers

* FIRE SAFETY SALES - Fire Safety segment net sales rose 22% to $120.3 mln, driven by normalized fire activity

* SPECIALTY PRODUCTS SALES - Specialty Products segment net sales increased 47% to $42.4 mln, reflecting strong demand

* VALUE DRIVER EXECUTION - Continued execution of value drivers contributed to adjusted EBITDA growth of 41%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $162.60 $139.70

mln mln (1

Analyst)

Q2 EPS -$0.22

Q2 Net -$32.20

Income mln

Q2 Beat $91.30 $64.10

Adjusted mln mln (1

EBITDA Analyst)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialty chemicals peer group is "buy"

* Wall Street's median 12-month price target for Perimeter Solutions Inc ( PRM ) is $18.50, about 14.5% above its August 6 closing price of $15.82

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)