Shares of Perimeter Solutions, SA (PRM) are soaring 8% in pre-market trading on Thursday, following the company's impressive second-quarter financial results that surpassed analyst expectations. The fire safety and specialty chemicals firm demonstrated robust growth across its key business segments, prompting positive reactions from investors.

Perimeter Solutions reported Q2 net sales of $162.6 million, marking a 28% year-over-year increase and significantly beating the analyst estimate of $139.7 million. The company's adjusted EBITDA also outperformed expectations, coming in at $91.3 million, a 41% jump from the previous year and well above the consensus estimate of $64.1 million. Despite posting a net loss of $32.2 million, the adjusted earnings per share of $0.39 comfortably surpassed the analyst projection of $0.23.

The strong performance was driven by growth in both of Perimeter's key segments. Fire Safety segment sales rose 22% to $120.3 million, benefiting from normalized fire activity. Meanwhile, the Specialty Products segment saw an impressive 47% increase in sales to $42.4 million, reflecting strong demand. Wall Street appears optimistic about Perimeter Solutions' prospects, with a consensus "buy" rating and a median 12-month price target of $18.50, representing a potential 14.5% upside from its previous closing price. As the company continues to execute its value drivers successfully, investors seem eager to capitalize on its growth trajectory in the fire safety and specialty chemicals markets.