Perimeter Solutions, SA (PRM): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the company behind the fire retardants used to combat wildfires and the specialty chemicals that enhance engine performance? Perimeter Solutions, SA (PRM), a leading global solutions provider, operates in two key segments: Fire Safety and Specialty Products. But how exactly does Perimeter Solutions operate and generate revenue, and what's the story behind its rise in the fire safety and oil additives industries, especially with a 35.46% stock price increase over the last year? Keep reading to discover the history, ownership, mission, and business model that drive this company.

Perimeter Solutions, SA (PRM) History

Perimeter Solutions Founding Timeline

Year established

The company's origins trace back to 2018, when it was initially established by affiliates of private investment firm, SK Capital Partners.

Original location

The company is headquartered in Clayton, Missouri.

Founding team members

While specific names of the founding team members are not readily available in the provided search results, the company was formed through the collaboration of SK Capital Partners' affiliates.

Initial capital/funding

Details regarding the initial capital or funding amount for the company's establishment are not available in the provided search results.

Perimeter Solutions Evolution Milestones

Perimeter Solutions Transformative Moments

• Strategic Acquisitions: The acquisitions of Phos-Chek and Fire-Trol were pivotal in solidifying the company's position as a leading provider of fire retardant solutions.
• Public Listing: The business combination with EverArc in 2022 marked a significant transformation, enabling the company to access capital markets and pursue further growth initiatives.
• Focus on Innovation: Continued investment in research and development to enhance product offerings and meet evolving customer needs has been a key driver of the company's success.

To gain more insights into the company's financial standing, consider reading: Breaking Down Perimeter Solutions, SA (PRM) Financial Health: Key Insights for Investors

Perimeter Solutions, SA (PRM) Ownership Structure

Perimeter Solutions, SA (PRM) has a mixed ownership structure, encompassing public shareholders and private equity firms, which influences its corporate governance and strategic decisions.

Perimeter Solutions, SA Current Status

Perimeter Solutions, SA is a publicly traded company, listed on the New York Stock Exchange (NYSE) under the ticker symbol PRM. This public status means that a portion of the company is owned by individual and institutional investors, allowing them to buy and sell shares on the open market.

Perimeter Solutions, SA Ownership Breakdown

The ownership of Perimeter Solutions is distributed among various shareholders, including institutional investors, private equity firms, and individual shareholders. As a publicly traded company, the ownership can shift as shares are bought and sold. Here's an overview of the ownership breakdown:

Perimeter Solutions, SA Leadership

The leadership team at Perimeter Solutions, SA is responsible for setting the strategic direction and managing the company's operations. Key members of the leadership team include:

• Haemin Bong serves as the Chief Executive Officer.
• Daniel J. Link is the Chief Financial Officer.
• Kyle W. Ritrievi holds the position of Executive Vice President and President, Global Consumer Products.

For more insights into the company's goals, check out Mission Statement, Vision, & Core Values of Perimeter Solutions, SA (PRM).

Perimeter Solutions, SA (PRM) Mission and Values

Perimeter Solutions is dedicated to safeguarding what matters most by producing high-quality firefighting products and sustainable solutions. The company's core values emphasize safety, integrity, teamwork, and customer focus.

Perimeter Solutions' Core Purpose

Official mission statement

Perimeter Solutions' mission statement is: 'We save life and property every day by developing effective and sustainable solutions.' Mission Statement, Vision, & Core Values of Perimeter Solutions, SA (PRM).

• This mission highlights the company's commitment to protecting lives and assets through its products and services.
• It also underscores a focus on sustainability, indicating an awareness of environmental responsibility.

Vision statement

Perimeter Solutions' vision is to be the 'global leader in fire safety and specialty additives, protecting what matters most.'

• This vision reflects the company's ambition to dominate the fire safety and specialty additives market worldwide.
• It reinforces the dedication to safeguarding critical assets, aligning with their overall mission.

Company slogan/tagline

Perimeter Solutions uses the tagline: 'Protecting What Matters Most.'

• This slogan succinctly captures the essence of the company's purpose.
• It emphasizes the value they place on life, property, and the environment.

Perimeter Solutions, SA (PRM) How It Works

Perimeter Solutions operates by manufacturing and supplying fire retardants and firefighting foam products, along with water enhancing gels, tailored for government agencies, private entities, and various industries to combat and manage fires effectively.

Perimeter Solutions' Product/Service Portfolio

Perimeter Solutions' Operational Framework

Perimeter Solutions focuses on developing, manufacturing, and distributing specialty chemical products.

• Manufacturing: The company operates manufacturing facilities that produce fire retardants and firefighting foam.
• Distribution: It distributes its products through a network of distributors, direct sales, and long-term supply contracts.
• Research and Development: Perimeter Solutions invests in R&D to innovate and improve its product offerings, focusing on environmental sustainability and performance.
• Customer Support: The company provides technical support and training to its customers to ensure effective product application.

For further insights into the company's financial standing, consider reviewing: Breaking Down Perimeter Solutions, SA (PRM) Financial Health: Key Insights for Investors

Perimeter Solutions' Strategic Advantages

• Market Leadership: Perimeter Solutions holds a leading position in the fire retardant market, particularly in the aerial firefighting sector.
• Long-Term Contracts: The company benefits from long-term supply contracts with government agencies, providing a stable revenue stream.
• Product Innovation: Continuous investment in R&D allows Perimeter Solutions to offer advanced and environmentally friendly products.
• Regulatory Compliance: The company ensures its products meet stringent regulatory requirements, enhancing its credibility and market access.

Perimeter Solutions, SA (PRM) How It Makes Money

Perimeter Solutions primarily generates revenue by providing fire retardants, firefighting foam products, and services that enhance the safety and effectiveness of wildland fire management and other industrial applications.

Perimeter Solutions, SA (PRM) Revenue Breakdown

Here's a look at Perimeter Solutions' revenue streams based on the 2024 fiscal year:

Perimeter Solutions, SA (PRM) Business Economics

Several factors influence Perimeter Solutions' business economics:

• Pricing Strategies: The company employs value-based pricing, reflecting the critical nature of its products in preventing and managing wildfires.
• Economic Fundamentals: Demand for fire retardants is closely tied to the frequency and intensity of wildfires, which are influenced by climate change, land management practices, and seasonal weather patterns.
• Market Position: As a leading provider in its niche, Perimeter Solutions benefits from strong relationships with government agencies and other key customers.

Perimeter Solutions, SA (PRM) Financial Performance

Key aspects of Perimeter Solutions' financial performance include:

• In the fiscal year 2024, Perimeter Solutions reported revenue of $738.1 million, representing an increase of 12.5% compared to $656.2 million in the fiscal year 2023.
• The company's gross profit for 2024 was $391.3 million, or 53.0% of revenues, compared to $341.5 million, or 52.0% of revenues, for 2023.
• Net income for 2024 was $74.8 million, compared to a net loss of $4.9 million for 2023.
• Adjusted EBITDA for 2024 was $273.4 million, an increase of 11.9% compared to $244.3 million for 2023.

To gain more insight into the company's values, explore: Mission Statement, Vision, & Core Values of Perimeter Solutions, SA (PRM).

Perimeter Solutions, SA (PRM) Market Position & Future Outlook

Perimeter Solutions holds a significant position in the fire safety market, particularly known for its fire retardants and firefighting foam products. The company's future outlook appears stable, banking on continuous demand for its specialized solutions in managing wildfires and industrial fire risks.

Competitive Landscape

Opportunities & Challenges

Industry Position

Perimeter Solutions stands as a leading provider of fire management solutions. Its position is reinforced by:

• Strong brand reputation: Known for effective and reliable fire retardants.
• Technological innovation: Continuously developing advanced firefighting products.
• Global presence: Serving customers worldwide with a robust distribution network.

For more insights into Perimeter Solutions' financial standing, explore Breaking Down Perimeter Solutions, SA (PRM) Financial Health: Key Insights for Investors.