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Perimeter Solutions Q3 sales and adjusted EBITDA beat estimates

Perimeter Solutions Q3 sales and adjusted EBITDA beat estimates


Overview

  • US industrial products provider's Q3 sales rose 24% yr/yr, beating analyst expectations

  • Q3 adjusted EBITDA increased 20% and beat analyst expectations

  • Adjusted EPS for Q3 rose to $0.85 from $0.82 last year


Outlook

  • Company did not provide specific financial guidance for the current quarter or full year in its press release


Result Drivers

  • ACQUISITIONS - Co said recent acquisitions contributed to higher adjusted EBITDA in Q3

  • SPECIALTY PRODUCTS GROWTH - Co reported 84% yr/yr increase in Specialty Products net sales

  • FIRE SAFETY SEGMENT - Fire Safety segment net sales rose 14% yr/yr


Company press release: ID:nGNX1cmNcX


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$389.90 mln

$381.29 mln (3 Analysts)

Q3 EPS

$1.74

Q3 Net Income

$304.50 mln

Q3 Adjusted EBITDA

Beat

$223.50 mln

$213.44 mln (3 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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. is $40.00, about 42.3% above its November 4 closing price of $28.10

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago


Reuters Recommended Reads

  • Nov 3 - Eaton Q3 sales, EPS beat estimates on strong demand

  • Nov 3 - Regal Rexnord Q3 sales beat estimates on data center demand

  • Nov 3 - EnPro beats Q3 sales, profit estimates on semiconductor demand, outlook raised


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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