PRM earnings analysis
What we found in PRM's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Perimeter Solutions reported a significant rebound in Q1 2026, with net sales of $125.1 million, a 74% increase year-over-year, primarily due to growth in its Specialty Products segment. Net income also saw a substantial increase to $72.9 million, resulting in EPS of $0.44, reflecting improved operational efficiency despite rising costs in interest and operating expenses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Net sales reached $125.1 million, up 74% from $72.0 million last year.
- Improved EPS
- Diluted EPS increased to $0.44 from $0.36 in the prior year.
- Increased Segment EBITDA
- Segment Adjusted EBITDA for Fire Safety increased to $18.7 million, up 85% year-over-year.
- Acquisition Contributions
- Specialty Products segment increased $44.7 million in revenue, largely driven by new acquisitions.
- Higher Net Income
- Net income rose to $72.9 million from $56.7 million year-over-year, a 29% increase.
- Positive Cash Flow from Financing
- Cash from financing activities rose to $542.8 million compared to a usage of $8.4 million last year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Interest Expense
- Net interest expense surged to $24.4 million, up 153% from $9.6 million, due to increased borrowings.
- Rising Operating Expenses
- Operating expenses rose significantly by $27.0 million, driven by acquisition-related costs and increased SG&A.
- Liquidity Concerns
- Operating cash flow resulted in a net outflow of $89.0 million, highlighting potential cash management challenges.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.44
- Gross margin
- 40.7%
- Operating margin
- -17.3%
- Segment
- Fire Safety
- Segment
- Specialty Products
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- Perimeter Solutions, Inc. reported a strong year with a 16% increase in net sales to $652.9 million and notable operational improvements despite a significant net loss of $206.4 million, primarily due to rising advisory…
- 10-Q · October 30, 2025
- Perimeter Solutions (PRM) reported strong Q3 2025 results with notable revenue growth of 9% year-over-year, reaching $315.4 million. The company exceeded earnings expectations with an EPS of $0.82, outperforming the…
- 10-Q · August 7, 2025
- Perimeter Solutions, Inc. reported a significant increase in revenue for Q2 2025, achieving $162.6 million, up 28% year-over-year. Despite improved revenues, the company posted a net loss of $32.2 million, compared to…
- 10-Q · May 8, 2025
- Perimeter Solutions, Inc. reported a strong performance in Q1 2025, with net sales increasing 22% to $72 million compared to the same quarter last year, driven by robust growth in the Fire Safety segment. The company…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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