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Sat, February 28, 2026 astatine 3:06 PM CST 8 min read
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Perimeter reported 2025 consolidated gross of $652.9 million (up 16%) and adjusted EBITDA of $331.7 million (up 18%), with absorption citing expanding baseline profitability, much predictable Fire Safety currency flows from a displacement to fixed/recurring contracts, and an progressive M&A playbook.
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Ongoing operational and information problems astatine the Sauget P2S5 facility (operated by Flexsys) materially reduced accumulation and introduced variability successful the Specialty Products business; Perimeter says it has contractual rights to presume operations but is blocked by Flexsys/One Rock and has initiated litigation.
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Perimeter closed the MMT acquisition successful January 2026 for $685 cardinal (funded with currency and $550 cardinal of caller notes), adding astir $140 cardinal of gross and $50 cardinal of adjusted EBITDA connected a 2025 base, with pro forma nett leverage adjacent 3.0x—below the company’s 4.0x target.
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Perimeter Solutions (NYSE:PRM) reported fourth-quarter and full-year 2025 results connected its net call, emphasizing what absorption described arsenic a sustained enlargement successful “structural net power,” improved predictability successful its occurrence retardant business, and a much progressive M&A strategy pursuing caller acquisitions.
Chief Executive Officer Haitham Khouri said 2025 reinforced 3 cardinal themes: expanding baseline profitability, expanding fiscal consistency, and establishing an M&A playbook done the acquisitions of IMS and MMT.
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Khouri attributed the company’s higher net powerfulness to “rigorous application” of its operational worth drivers: winning profitable caller business, driving productivity improvements, and expanding lawsuit worth supported by value-based pricing. He besides pointed to a displacement successful occurrence retardant declaration structures distant from purely volume-based models toward “more fixed and recurring structures,” which helium said reduces sensitivity to occurrence play volatility.
In Fire Safety, Khouri cited examples of caller concern and operating initiatives, including introduction into “preventative rail-applied retardant” successful Europe, enlargement of air-based services, continued planetary penetration of fluorine-free products, and productivity improvements tied to a caller retardant manufacturing installation extracurricular Sacramento. He besides pointed to maturation successful non-retardant offerings specified arsenic suppressants, including “new multipurpose AD foams.”

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