Perimeter Group — Third Quarter 2026 Earnings Summary

Financial Performance

• Net sales increased 24% year-over-year to $389.9 million for the third quarter of 2026, compared to $315.4 million in the prior year quarter.
• Year-to-date net sales increased 32% to $728.7 million, compared to $550.1 million in the prior year period.
• Net income for the third quarter was $304.5 million ($1.74 per diluted share), reversing a net loss of $90.7 million ($0.62 per diluted share) in the prior year quarter.
• Year-to-date net income was $195.8 million ($1.14 per diluted share), compared to a net loss of $66.1 million ($0.45 per diluted share) in the prior year period.
• Adjusted EBITDA increased 20% to $223.5 million in the third quarter, compared to $186.3 million in the prior year quarter.
• Year-to-date Adjusted EBITDA increased 25% to $370.3 million, compared to $295.7 million in the prior year period.
• Non-GAAP adjusted earnings per diluted share were $0.85 for the third quarter, compared to $0.82 in the prior year quarter.
• Year-to-date non-GAAP adjusted earnings per diluted share were $1.27, compared to $1.24 in the prior year period.
• Long-term debt, net, increased to $1,210.9 million as of September 30, 2026, from $669.1 million as of December 31, 2025.
• Deferred revenue increased to $16.6 million as of September 30, 2026, from $1.9 million as of December 31, 2025.
• Cash and cash equivalents decreased to $115.9 million as of September 30, 2026, from $325.9 million as of December 31, 2025.

Business Segments and Product Lines

• Fire Safety net sales increased 14% to $312.6 million in the third quarter, compared to $273.4 million in the prior year quarter.
• Specialty Products net sales increased 84% to $77.3 million in the third quarter, compared to $42.0 million in the prior year quarter.
• Year-to-date Fire Safety net sales increased 13% to $487.0 million, compared to $430.8 million in the prior year period.
• Year-to-date Specialty Products net sales increased 103% to $241.7 million, compared to $119.3 million in the prior year period.
• Fire Safety Segment Adjusted EBITDA increased 14% to $201.6 million in the third quarter, compared to $177.2 million in the prior year quarter.
• Specialty Products Segment Adjusted EBITDA increased 140% to $21.9 million in the third quarter, compared to $9.1 million in the prior year quarter.
• Year-to-date Fire Safety Segment Adjusted EBITDA increased 13% to $299.1 million, compared to $265.0 million in the prior year period.
• Year-to-date Specialty Products Segment Adjusted EBITDA increased 131% to $71.2 million, compared to $30.7 million in the prior year period.
• The company comprises six market-leading businesses across two reporting segments: Fire Safety (Perimeter Solutions, Solberg Fire, and Monaco Enterprises) and Specialty Products (Phosphorus Derivatives Inc., Medical Manufacturing Technologies, and Intelligent Manufacturing Solutions).

Other Key Points

• The company completed its name change from Perimeter Solutions, Inc. to Perimeter Group Inc.
• On July 30, 2026, the company acquired Monaco Enterprises, Inc. for a total cash purchase price, net of cash acquired, of $117.1 million, funded with cash on hand and proceeds from existing credit facilities.
• Capital expenditures for the quarter ended September 30, 2026, were $12.7 million.
• Proceeds from the issuance of long-term debt were $550.0 million during the nine months ended September 30, 2026.
• The company incurred $10.1 million in debt issuance costs during the nine months ended September 30, 2026.
• Founders advisory fees payable - related party decreased to $391.1 million ($61.4 million current + $329.7 million long-term) as of September 30, 2026, from $536.4 million ($95.7 million current + $440.7 million long-term) as of December 31, 2025.
• As of September 30, 2026, a maximum of 2.4 million shares were issuable within 12 months under the Founders fixed advisory fee.
• No shares were issuable within 12 months under the Founders variable advisory fee based on period-end market prices.
• The company reported $1.8 million in restructuring and other non-recurring costs and $1.0 million in litigation costs arising from a contractual dispute for the third quarter of 2026.
• For the nine months ended September 30, 2026, the company reported $3.3 million in restructuring and other non-recurring costs and $2.4 million in litigation costs arising from a contractual dispute.
• Purchase accounting impact related to inventory step-up was $3.7 million for the third quarter and $13.7 million for the nine months ended September 30, 2026.