Perimeter Solutions, SA (PRM) saw its stock price soar 6.03% in pre-market trading on Wednesday, following the release of its first quarter 2026 financial results.
The company reported a 74% year-over-year surge in net sales to $125.1 million and a 29% increase in net income to $72.9 million. Adjusted earnings per share doubled to $0.06, significantly beating the analyst consensus estimate of $0.02, while sales also exceeded the $121.8 million forecast.
The strong performance was driven by substantial growth across business segments, particularly a 128% increase in Specialty Products sales fueled by the recent acquisition of Medical Manufacturing Technologies. The company also secured new five-year contracts with key government agencies in April 2026, providing additional revenue visibility.