PRM Perimeter Solutions
Price Chart
Executive Summary
Perimeter Solutions reported Q1 2026 net sales of $125.1M (+74% YoY) and GAAP diluted EPS of $0.44, far exceeding the $0.02 consensus. Adjusted EBITDA surged 128% to $41.2M. The beat was driven by strong organic growth and the MMT acquisition, but the stock's historical T+20 performance on bullish calls has been poor, tempering conviction.
Key Financial Metrics
Actionable Insight
The massive GAAP EPS beat and strong revenue growth are positive, but the stock has historically sold off after bullish calls (avg T+20 -14% on prior reports). Monitor the Q2 2026 earnings for organic growth sustainability and integration progress of MMT. The new government contracts provide a multi-year backlog.
Key Facts
- Net sales $125.1M, +74% YoY vs $72.0M (consensus $121.8M)
- GAAP diluted EPS $0.44 vs consensus $0.02 (beat by 2100%)
- Adjusted diluted EPS $0.06 vs $0.03 YoY
- Adjusted EBITDA $41.2M, +128% YoY
- Fire Safety segment net sales +22% to $45.5M; Specialty Products +128% to $79.6M
- Acquired MMT for $682.3M in January 2026, funded with cash and senior secured notes
- Long-term debt increased to $1.21B from $669M at year-end 2025
- Operating cash flow was -$89.0M due to $95.7M cash settlement of founders advisory fees
- Entered key five-year contracts with U.S. Defense Logistics Agency and California Department of Forestry in April 2026
Financial Impact
Revenue beat consensus by ~$3.3M (2.7%); GAAP EPS beat by $0.42 (2100%); Adjusted EBITDA doubled to $41.2M
Risk Factors
- High leverage: long-term debt $1.21B vs market cap $4.9B (25% debt/cap)
- Negative operating cash flow of -$89M in Q1 due to advisory fee settlement
- Historical pattern of post-earnings selloffs on bullish calls for PRM
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3288589 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
2d ago
|
144
| $35.51 awaiting T+5 | awaiting T+5 | — | $35.47 (−0.11%) |
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May 15, 2026
4w ago
|
Insider Cluster
| $33.44 $31.37 | ▼ −6.19% | ▼ −7.81% | $35.47 (+6.07%) |
|
May 6, 2026
5w ago
|
8-K
| $27.41 $32.10 | ▲ +17.11% | ▲ +15.98% | $35.47 (+29.41%) |
|
May 6, 2026
5w ago
|
Press Release
| $27.41 $32.10 | ▲ +17.11% | ▲ +15.98% | $35.47 (+29.41%) |
|
Apr 21, 2026
7w ago
|
Press Release
| $30.65 $30.94 | ▲ +0.95% | ▲ +0.89% | $35.47 (+15.73%) |
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Apr 17, 2026
8w ago
|
DEFA14A
| $27.80 $30.85 | ▲ +10.97% | ▲ +10.42% | $35.47 (+27.59%) |
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Feb 28, 2026
15w ago
|
Institutional Cluster
| $23.26 $23.82 | ▲ +2.41% | ▲ +3.62% | $35.47 (+52.49%) |
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Feb 26, 2026
15w ago
|
8-K
| $23.50 $24.33 | ▲ +3.53% | ▲ +4.66% | $35.47 (+50.94%) |
US Market Status
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