Overview

• Industrial products provider's Q1 net sales rose 74% yr/yr, driven by acquisitions and segment growth

• Adjusted EPS for Q1 doubled to $0.06 from $0.03 a year earlier

• Company completed $682.3 mln acquisition of Medical Manufacturing Technologies in January

Outlook

• Company did not provide specific guidance for the current quarter or full year

Result Drivers

• SPECIALTY PRODUCTS GROWTH - Segment net sales rose 128% yr/yr, driven by the inclusion of Medical Manufacturing Technologies acquisition

• FIRE SAFETY SEGMENT - Segment net sales increased 22% yr/yr, contributing to overall revenue growth

• ACQUISITION IMPACT - Recent acquisitions, including MMT, cited as drivers of Q1 Adjusted EBITDA growth

Company press release: ID:nGNX65W0xD

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Beat	$125.10 mln	$121.80 mln (1 Analyst)
Q1 Adjusted EPS	Beat	$0.06	$0.02 (2 Analysts)
Q1 EPS		$0.44
Q1 Net Income		$72.90 mln
Q1 Adjusted EBITDA	Beat	$41.20 mln	$33.63 mln (1 Analyst)

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $32.50, about 7.7% above its May 5 closing price of $30.18

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

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