Quarterly ResultMay 6, 2026, 06:02 AM
Perimeter Solutions Q1 Net Sales +74% to $125.1M; Net Income $72.9M
AI Summary
Perimeter Solutions reported strong first quarter 2026 financial results, with net sales increasing 74% to $125.1 million and net income rising to $72.9 million. Adjusted EBITDA saw a significant 128% increase to $41.2 million, driven by recent acquisitions and value driver execution. The company also secured key five-year contracts with the United States Defense Logistics Agency and the California Department of Forestry in April 2026.
Key Highlights
- Net sales increased 74% to $125.1 million in Q1 2026.
- Net income was $72.9 million, up from $56.7 million in prior year quarter.
- Adjusted EBITDA increased 128% to $41.2 million.
- Specialty Products net sales increased 128% to $79.6 million.
- Fire Safety net sales increased 22% to $45.5 million.
- Diluted EPS was $0.44, up from $0.36 in prior year quarter.
- Acquired Medical Manufacturing Technologies (MMT) for $682.3 million on January 22, 2026.
- Entered into key five-year contracts with US Defense Logistics Agency and California Department of Forestry.