PRM Perimeter Solutions

BULLISH Impact: 7/10 PRESS-RELEASE
Horizon weeks Filed May 6, 2026 Processed 1mo ago Wire GlobeNewswire
Press release: earnings
Latest settled — T+20d ⚠ clustered
PRM ▲ +8.87% at T+20d
LONG call ✓ call won +8.87% · α vs SPY +6.08% · entry $27.41 → $29.84
Next anchor: T+60d in 7w
Last close $35.47 (close Jun 12) · +29.41% from $27.41 entry
Entry anchored
May 6, 2026
via day open
T+1d
+7.11%
call +7.11% · α +7.45%
$29.36
settled 6w ago
T+5d
+17.11%
call +17.11% · α +15.98%
$32.10
settled 5w ago
T+20d
+8.87%
call +8.87% · α +6.08%
$29.84
settled 11d ago
T+60d
call — · α —
in 7w

Price Chart

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Executive Summary

Perimeter Solutions reported Q1 2026 net sales of $125.1M (+74% YoY) and GAAP diluted EPS of $0.44, far exceeding the $0.02 consensus. Adjusted EBITDA surged 128% to $41.2M. The beat was driven by strong organic growth and the MMT acquisition, but the stock's historical T+20 performance on bullish calls has been poor, tempering conviction.

Key Financial Metrics

Free Cash Flow
-$94.8M
Gross Margin
40.6%

Actionable Insight

The massive GAAP EPS beat and strong revenue growth are positive, but the stock has historically sold off after bullish calls (avg T+20 -14% on prior reports). Monitor the Q2 2026 earnings for organic growth sustainability and integration progress of MMT. The new government contracts provide a multi-year backlog.

Key Facts

  • Net sales $125.1M, +74% YoY vs $72.0M (consensus $121.8M)
  • GAAP diluted EPS $0.44 vs consensus $0.02 (beat by 2100%)
  • Adjusted diluted EPS $0.06 vs $0.03 YoY
  • Adjusted EBITDA $41.2M, +128% YoY
  • Fire Safety segment net sales +22% to $45.5M; Specialty Products +128% to $79.6M
  • Acquired MMT for $682.3M in January 2026, funded with cash and senior secured notes
  • Long-term debt increased to $1.21B from $669M at year-end 2025
  • Operating cash flow was -$89.0M due to $95.7M cash settlement of founders advisory fees
  • Entered key five-year contracts with U.S. Defense Logistics Agency and California Department of Forestry in April 2026

Financial Impact

Revenue beat consensus by ~$3.3M (2.7%); GAAP EPS beat by $0.42 (2100%); Adjusted EBITDA doubled to $41.2M

revenueepsebitdadebt

Risk Factors

  • High leverage: long-term debt $1.21B vs market cap $4.9B (25% debt/cap)
  • Negative operating cash flow of -$89M in Q1 due to advisory fee settlement
  • Historical pattern of post-earnings selloffs on bullish calls for PRM

Market Snapshot

Exchange
NYSE
Sector
Chemicals & Allied Products
Analyst Consensus
83% bullish (6 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3288589
8 reports for PRM
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+60▲ +34.87%Feb 28, 2026
Filters
Rows
Reports for PRM — sortable, filterable
Type Now
Jun 12, 2026
2d ago
144
NEUTRAL ★ 2/10
$35.51 awaiting T+5awaiting T+5$35.47 (−0.11%)
May 15, 2026
4w ago
Insider Cluster
NEUTRAL ★ 4/10
$33.44 $31.37▼ −6.19%▼ −7.81%$35.47 (+6.07%)
May 6, 2026
5w ago
8-K
BULLISH ★ 7/10
$27.41 $32.10▲ +17.11%▲ +15.98%$35.47 (+29.41%)
May 6, 2026
5w ago
Press Release
BULLISH ★ 7/10
$27.41 $32.10▲ +17.11%▲ +15.98%$35.47 (+29.41%)
Apr 21, 2026
7w ago
Press Release
NEUTRAL ★ 3/10
$30.65 $30.94▲ +0.95%▲ +0.89%$35.47 (+15.73%)
Apr 17, 2026
8w ago
DEFA14A
NEUTRAL ★ 2/10
$27.80 $30.85▲ +10.97%▲ +10.42%$35.47 (+27.59%)
Feb 28, 2026
15w ago
Institutional Cluster
BULLISH ★ 6/10
$23.26 $23.82▲ +2.41%▲ +3.62%$35.47 (+52.49%)
Feb 26, 2026
15w ago
8-K
BULLISH ★ 8/10
$23.50 $24.33▲ +3.53%▲ +4.66%$35.47 (+50.94%)
Showing 8 of 8

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