Perimeter Solutions Q3 sales and adjusted EBITDA beat estimates

Overview

• US industrial products provider's Q3 sales rose 24% yr/yr, beating analyst expectations

• Q3 adjusted EBITDA increased 20% and beat analyst expectations

• Adjusted EPS for Q3 rose to $0.85 from $0.82 last year

Outlook

• Company did not provide specific financial guidance for the current quarter or full year in its press release

Result Drivers

• ACQUISITIONS - Co said recent acquisitions contributed to higher adjusted EBITDA in Q3

• SPECIALTY PRODUCTS GROWTH - Co reported 84% yr/yr increase in Specialty Products net sales

• FIRE SAFETY SEGMENT - Fire Safety segment net sales rose 14% yr/yr

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialty chemicals peer group is "buy"

• Wall Street's median 12-month price target for Perimeter Solutions, Inc. is $40.00, about 42.3% above its November 4 closing price of $28.10

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

• Nov 3 - Eaton Q3 sales, EPS beat estimates on strong demand

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)