Group 1 - Perimeter Solutions, SA reported quarterly earnings of $0.03 per share, exceeding the Zacks Consensus Estimate of a loss of $0.09 per share, and showing improvement from a loss of $0.19 per share a year ago, resulting in an earnings surprise of 133.33% [1] - The company achieved revenues of $72.03 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 6.11%, and compared to year-ago revenues of $59.04 million, indicating consistent revenue growth [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock has underperformed the market, losing about 19.8% since the beginning of the year, while the S&P 500 declined by 4.3% [3] - The current consensus EPS estimate for the coming quarter is $0.18 on revenues of $132.75 million, and for the current fiscal year, it is $0.68 on revenues of $531 million [7] - The Zacks Industry Rank for Chemical - Specialty is currently in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Financial Data and Key Metrics Changes - First quarter adjusted EBITDA reached $18.1 million, reflecting a 49% increase compared to the previous year [5][15] - Consolidated first quarter sales increased by 22% to $72 million compared to the prior year [15] - GAAP EPS for Q1 was $0.36, compared to a loss of $0.57 in the same period last year [19] Business Line Data and Key Metrics Changes - Fire Safety revenue was $37.2 million, up 48% from last year, with adjusted EBITDA of $10.1 million compared to a small loss in the same period last year [15][16] - Specialty Products segment saw a net sales increase of $7.5 million due to the IMS acquisition, offset by a $6.5 million decrease in the base business due to unplanned plant downtime [16][17] - Specialty Products Q1 adjusted EBITDA decreased to $8 million from $12.4 million in the prior year quarter [17] Market Data and Key Metrics Changes - Elevated wildfire activity in North America contributed positively to the quarter, particularly in California [12][13] - International markets returned to more typical fire activity levels, with increased use of retardant across several regions [13] Company Strategy and Development Direction - The company aims to provide high-quality products and exceptional service while delivering private equity-like returns [6][8] - The strategy is built on three operational pillars: owning exceptional businesses, applying operational value drivers, and operating in a decentralized manner [7][9] - The recent acquisition of IMS is expected to enhance the company's operational capabilities and expand its portfolio of proprietary components [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted that the retardant business has close to no economic sensitivity, while the suppressant business is largely tied to emergency response [40][41] - There is confidence in the continued demand for chlorine-free foams, with no signs of slowdown in customer conversions [45] - The company remains disciplined in its approach for the full year, focusing on implementing operational value drivers [23] Other Important Information - The company generated free cash flow of $18.9 million in Q1 2025 [20] - Capital expenditures were consistent with expectations at $4.8 million, primarily supporting growth and productivity initiatives [21] - The company repurchased 900,000 shares for approximately $8 million in Q1 [22] Q&A Session Summary Question: Impact of tariffs on EBITDA exposure - Management indicated that the 2% to 3% EBITDA exposure is primarily cost-based, with efforts to mitigate this impact [26][27] Question: Customer exposure to supply chain issues - Management noted limited visibility down the supply chain but does not expect significant demand changes [28] Question: Expectations for suppressants sales in Q2 and Q3 - Management expects improvement in sales as the year progresses, following a tough comp in Q1 [29] Question: Competitive dynamics in the fire retardants market - Management stated that the competitive environment has changed, with less likelihood of alternative chemistries being qualified soon [32][34] Question: Economic sensitivity of business lines - Management clarified that the retardant business has close to zero economic sensitivity, while the phosphorus pentasulfide business is modestly impacted by economic fluctuations [40][42] Question: Customer enthusiasm for chlorine-free products - Management has not observed any slowdown in customer enthusiasm for switching to chlorine-free foams [45][46]

Financial Data and Key Metrics Changes - First quarter adjusted EBITDA reached $18.1 million, reflecting a 49% increase compared to the previous year [4][16] - Consolidated first quarter sales increased by 22% to $72 million compared to the prior year [16] - GAAP EPS for Q1 was $0.36, compared to a loss of $0.57 in the same period last year [17] Business Line Data and Key Metrics Changes - Fire Safety revenue was $37.2 million, up 48% from last year, with adjusted EBITDA of $10.1 million compared to a small loss in the same period last year [14] - Specialty Products segment net sales increased by $7.5 million due to the IMS acquisition, but adjusted EBITDA decreased to $8 million from $12.4 million due to unplanned plant downtime [15][16] Market Data and Key Metrics Changes - Elevated wildfire activity in North America contributed positively to the quarter, particularly in California [12] - International markets saw a return to typical fire activity levels in Australia, with increased use of retardant [13] Company Strategy and Development Direction - The company aims to provide high-quality products and exceptional service while delivering private equity-like returns [5] - The operational strategy is built on three pillars: owning exceptional businesses, applying operational value drivers, and operating in a decentralized manner [6][7] - The recent acquisition of IMS is expected to enhance the company's operational capabilities and product offerings [10] Management's Comments on Operating Environment and Future Outlook - Management noted that while Q1 showed strong performance, they remain disciplined in their approach for the full year [20] - The company anticipates that the earnings power of the Specialty Products business will rebound to normalized levels in 2026 [16] Other Important Information - The company repurchased 900,000 shares for approximately $8 million in Q1, indicating a belief that shares were trading below intrinsic value [19] - The company has a favorable debt structure with a net debt to LTM adjusted EBITDA ratio of 1.7 times and substantial liquidity of around $200 million [20] Q&A Session Summary Question: Clarification on tariff exposure and mitigation - Management indicated that the 2% to 3% EBITDA exposure is primarily cost-based and they believe they can mitigate a reasonable proportion of that [23][25] Question: Customer exposure to supply chain issues - Management noted they have less visibility down the supply chain but do not expect significant changes in end market demand [26] Question: Expectations for Q2 and Q3 sales - Management expects improvement in sales as the year progresses, despite tough comps from the previous year [27] Question: Competitive dynamics in the fire retardant market - Management stated that the exit of a competitor has made it less likely for alternative materials to be qualified soon, reinforcing their market position [28][29] Question: Economic sensitivity of business lines - Management clarified that the retardant business has close to no economic sensitivity, while the suppressants business has minimal exposure to economic fluctuations [36][39] Question: Customer enthusiasm for chlorine-free products - Management has not seen any slowdown in customer conversions to chlorine-free products despite potential economic uncertainties [40][42] Question: Long-term assumptions for 2025 - Management indicated that there are no changes to their long-term assumptions for 2025 at this time [43][45]

Exhibit 99.1 Perimeter Solutions Reports First Quarter 2025 Financial Results May 8, 2025 First quarter Net Income of $56.7M and Adjusted Net Income of $4.1M Strong execution and early season fire activity drove first quarter Adjusted EBITDA of $18.1M First quarter Earnings Per Diluted Share of $0.36 and Adjusted Earnings Per Diluted Share of $0.03 First IMS add-on product line acquisitions completed Clayton, Missouri, May 8, 2025 – Perimeter Solutions, Inc. (NYSE: PRM) ("Perimeter" or the "Company"), a lea ...

Financial Performance - Q1 2025 - Fire Safety revenue increased by 48% year-over-year, from $25155 thousand to $37163 thousand[15] - Fire Safety adjusted EBITDA saw a significant increase of 4285%, from -$241 thousand to $10085 thousand[15] - Specialty Products revenue increased by 3% year-over-year, from $33889 thousand to $34867 thousand[15] - Specialty Products adjusted EBITDA decreased by 35%, from $12377 thousand to $7998 thousand[15] - Consolidated revenue increased by 22%, from $59044 thousand to $72030 thousand[15] - Consolidated adjusted EBITDA increased by 49%, from $12136 thousand to $18083 thousand, with adjusted EBITDA margin increasing from 21% to 25%[15] Capital Structure and Allocation - Net debt to LTM adjusted EBITDA is 17x[22, 31] - The company had $2001 million in cash as of Q1 2025[22] - $82 million was spent on share buybacks in Q1 2025[18] - $100 million was allocated to M&A in Q1 2025[17]

Core Insights - Perimeter Solutions reported a strong financial performance for the first quarter of 2025, with a net income of $56.7 million compared to a net loss of $82.6 million in the same quarter of the previous year [1][5][26] - The company achieved an adjusted EBITDA of $18.1 million, reflecting a 49% increase from $12.1 million in the prior year quarter, driven by strong execution and early season fire activity [1][5][21] - Net sales increased by 22% to $72.0 million, with the Fire Safety segment experiencing a significant 48% growth [5][11] Financial Performance - First quarter net income was $56.7 million, or $0.36 per diluted share, compared to a net loss of $82.6 million, or $0.57 loss per diluted share in the prior year [5][26] - Adjusted earnings per diluted share were $0.03, an improvement from an adjusted loss per share of $0.01 in the previous year [5][27] - The Fire Safety segment's net sales rose to $37.2 million, while Specialty Products net sales increased to $34.9 million [5][11] Capital Allocation - On March 28, 2025, Perimeter acquired certain product lines for $10.0 million, which will be integrated into its IMS business within the Specialty Products segment [3] - The company repurchased 0.9 million shares of common stock at an average price of $9.19 per share during the quarter [6] Segment Performance - Fire Safety adjusted EBITDA increased to $10.1 million, compared to a loss of $0.2 million in the prior year quarter [5][21] - Specialty Products adjusted EBITDA decreased by 35% to $8.0 million from $12.4 million in the previous year [5][21] Cash Flow and Balance Sheet - Cash and cash equivalents at the end of the quarter were $200.1 million, up from $198.5 million at the end of the previous quarter [19][18] - The total assets of the company were reported at $2.4 billion, with total liabilities at $1.2 billion [18][17]

Core Points - Perimeter Solutions will release its financial results for Q1 2025 on May 8, 2025, before market opens [1] - A conference call to discuss these results will be held on the same day at 8:30 AM ET, led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker [2] Company Overview - Perimeter Solutions is a leading global provider in the Fire Safety and Specialty Products industries, headquartered in St. Louis, Missouri [3] - The company operates in two segments: Fire Safety, which includes fire retardants and firefighting foams, and Specialty Products, which focuses on non-fire safety markets, including phosphorus pentasulfide-based lubricant additives [3] - The Specialty Products segment also encompasses IMS, a manufacturer of electronic components for various end markets, emphasizing aftermarket repair and replacement [3]

Product Launch - Perimeter Solutions, Inc. (PRM) launched SOLBERG SPARTAN, a 1% fluorine-free Class A/B foam concentrate, at FDIC 2025, designed for total fire suppression across 99% of fire types [1] - The product offers fast knockdowns, reduces flashover risk, and provides superior heat protection, enhancing firefighter safety by minimizing exposure time [2] Performance and Efficiency - SOLBERG SPARTAN cools fires in less than half the time compared to water, which takes nearly four minutes to cool from 1,000°F to 212°F [3] - The technology reduces water demand by 40%, allowing firefighting crews to operate more efficiently and alleviating strain on critical resources [3] Stock Performance - PRM's stock has increased by 41.4% over the past year, contrasting with a 5.6% decline in the industry [5]

Core Viewpoint - Perimeter Solutions has launched SOLBERG SPARTAN™ 1% Fluorine-Free Class A/B Foam Concentrate, designed to enhance firefighting efficiency and safety across various fire scenarios [1][6]. Product Features - SOLBERG SPARTAN is effective for 99% of fires, providing rapid knockdowns and reducing flashover risk while offering superior heat protection [2][7]. - The foam concentrate can reduce the time to cool a fire from 1,000°F to 212°F in less than half the time compared to water alone, which typically takes nearly four minutes [2]. - It cuts water demand by 40%, allowing firefighters to maximize resource efficiency [2]. Compatibility and Certifications - The foam is compatible with conventional firefighting equipment, including inline eductors and various nozzle types, and has a viscosity similar to Class A foam [3][10]. - SOLBERG SPARTAN has received three key certifications, ensuring its effectiveness and safety in firefighting applications [3][8]. Company Background - Perimeter Solutions, headquartered in St. Louis, Missouri, is a global provider of firefighting products and lubricant additives, emphasizing the importance of safety and efficiency in their solutions [5].

Company Overview - Perimeter Solutions, SA (PRM) shares increased by 10% to close at $10.02, following a significant trading volume compared to typical sessions [1] - The stock had previously experienced a 10.5% decline over the past four weeks [1] - UBS analysts upgraded PRM from "Neutral" to "Buy" with a price target of $14 [1] Earnings Expectations - PRM is projected to report a quarterly loss of $0.09 per share, reflecting a year-over-year improvement of 52.6% [2] - Expected revenues for the upcoming quarter are $63.38 million, which is a 7.4% increase from the same quarter last year [2] - The consensus EPS estimate for PRM has remained unchanged over the last 30 days, indicating a lack of earnings estimate revisions [3] Industry Context - Perimeter Solutions, SA operates within the Zacks Chemical - Specialty industry [3] - PPG Industries, another company in the same industry, saw a slight increase of 0.2% to $111.93, but has returned -2.3% over the past month [3] - PPG's consensus EPS estimate has decreased by 0.2% to $1.62, representing a 12.9% decline from the previous year [4]