Stock Track | Perimeter Solutions Plummets 5.19% as Mixed Q4 Earnings and Founder Fees Weigh Down

Stock Track

Feb 21, 2025

Perimeter Solutions, SA (NYSE: PRM), a leading global solutions provider for the Fire Safety and Specialty Products industries, saw its stock plummet 5.19% on Thursday despite reporting strong revenue growth in its fourth quarter and full year 2024 results.

The company reported a 74% year-over-year increase in net sales to $561.0 million for the full year 2024, driven by a 93% jump in Fire Safety segment sales to $436.3 million. However, the impressive top-line growth was offset by a significant increase in founder advisory fees, which surged to $198.3 million for the year, compared to a negative $108.5 million in 2023.

While Perimeter Solutions posted an adjusted EBITDA of $280.3 million, nearly tripling from the prior year, the company reported a net loss of $5.9 million, or $0.04 per diluted share, attributable to the founder advisory fees and other non-recurring expenses related to its redomiciliation transaction and Luxembourg-related costs.

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However, the impressive top-line growth was offset by a significant increase in founder advisory fees, which surged to $198.3 million for the year, compared to a negative $108.5 million in 2023.</p>\n\n<p>While Perimeter Solutions posted an adjusted EBITDA of $280.3 million, nearly tripling from the prior year, the company reported a net loss of $5.9 million, or $0.04 per diluted share, attributable to the founder advisory fees and other non-recurring expenses related to its redomiciliation transaction and Luxembourg-related costs.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRM","symbol_name":"Perimeter Solutions, SA","start_time":0,"source_url":"","article_id":"1127849744","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127849744","pubTimestamp":1740069626,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Perimeter Solutions, SA , a leading global solutions provider for the Fire Safety and Specialty Products industries, saw its stock plummet 5.19% on Thursday despite reporting strong revenue growth in its fourth quarter and full year 2024 results.The company reported a 74% year-over-year increase in net sales to $561.0 million for the full year 2024, driven by a 93% jump in Fire Safety segment sales to $436.3 million. 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