Shares of Perimeter Solutions, SA (PRM) surged 6.29% in the pre-market trading session on Thursday following the release of the company's strong fourth-quarter 2024 financial results and positive outlook for the future.

The fire safety and specialty products provider reported net sales of $561.0 million for the full year 2024, an impressive 74% increase compared to the previous year. The Fire Safety segment was the key driver, with net sales skyrocketing 93% to $436.3 million. The Specialty Products segment also saw a healthy 29% growth in net sales.

Despite reporting a net loss of $5.9 million for the full year, the company's adjusted EBITDA nearly tripled to $280.3 million, reflecting its operational efficiency and cost control measures. The Fire Safety segment's adjusted EBITDA more than tripled to $240.1 million, while the Specialty Products segment's adjusted EBITDA increased 95% to $40.2 million.

In the fourth quarter, Perimeter Solutions delivered a stellar performance with net sales growing 45% to $86.2 million, driven by a 72% increase in Fire Safety net sales. The company also swung to a net income of $144.2 million, or $0.90 per diluted share, compared to a net loss of $13.2 million in the prior-year quarter.

Perimeter Solutions' management remains optimistic about the company's prospects, citing strong demand for its fire management products and the expansion into printed circuit board products through the acquisition of IMS DE Holdings, LLC. The company's CEO expressed confidence in the long-term growth potential, fueled by its operational transformation and strategic initiatives.