Perimeter Solutions (PRM) reported Q1 adjusted earnings Thursday of $0.03 per diluted share, swinging from an adjusted loss of $0.01 per share a year earlier.

Two analysts expected adjusted earnings of $0.01.

Net sales for the quarter ended March 31 were $72 million, compared with $59 million a year earlier.

An analyst polled by FactSet expected $75 million.

Shares of Perimeter Solutions were up nearly 5% in early Thursday trading.