Perimeter Solutions SA
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
PRM$30.72-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except share and per share data)
| Successor · Predecessor | ||||
|---|---|---|---|---|
| Year Ended December 31, 2023 | Year Ended December 31, 2022 | November 9, 2021ThroughDecember 31, 2021 | January 1, 2021ThroughNovember 8, 2021 | |
| Net sales | $322,108 | $360,505 | $21,023 | $341,315 |
| Cost of goods sold | 183,253 | 217,853 | 23,710 | 172,136 |
| Gross profit | 138,855 | 142,652 | (2,687) | 169,179 |
| Operating expenses: | ||||
| Selling, general and administrative expense | 57,073 | 74,319 | 16,982 | 38,981 |
| Amortization expense | 55,065 | 55,105 | 8,004 | 45,424 |
| Founders advisory fees - related party | (108,481) | (117,302) | 652,990 | — |
| Intangible impairment | 40,738 | — | — | — |
| Other operating expense | 10 | 465 | 92 | 4,153 |
| Total operating expenses | 44,405 | 12,587 | 678,068 | 88,558 |
| Operating income (loss) | 94,450 | 130,065 | (680,755) | 80,621 |
| Other expense (income): | ||||
| Interest expense, net | 41,378 | 42,585 | 6,352 | 39,087 |
| (Gain) loss on contingent earn-out | (7,273) | (12,706) | 198 | 2,965 |
| Unrealized foreign currency (gain) loss | (1,655) | 3,462 | 1,006 | 4,026 |
| Other expense (income), net | 417 | (503) | (2) | (222) |
| Total other expense, net | 32,867 | 32,838 | 7,554 | 45,856 |
| Income (loss) before income taxes | 61,583 | 97,227 | (688,309) | 34,765 |
| Income tax benefit (expense) | 5,903 | (5,469) | 6,160 | (14,136) |
| Net income (loss) | 67,486 | 91,758 | (682,149) | 20,629 |
| Other comprehensive income (loss), net of tax: | ||||
| Foreign currency translation adjustments | 5,761 | (18,336) | (7,135) | 236 |
| Total comprehensive income (loss) | $73,247 | $73,422 | $(689,284) | $20,865 |
| Earnings (loss) per share: | ||||
| Basic | $0.44 | $0.57 | $(4.34) | $0.39 |
| Diluted | $0.41 | $0.52 | $(4.34) | $0.39 |
| Weighted average number of ordinary shares outstanding: | ||||
| Basic | 154,666,717 | 160,937,575 | 157,158,579 | 53,045,510 |
| Diluted | 166,452,022 | 175,079,941 | 157,158,579 | 53,045,510 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.