Perimeter Solutions, Inc. reported second quarter 2026 adjusted EBITDA of $105.6 million, a 16% increase year-over-year, while net sales grew 31% to $213.8 million driven by recent acquisitions in the Specialty Products segment. The company also announced the acquisition of Monaco Enterprises for approximately $120 million in cash, a business that designs and manufactures fire alarm reporting and mass notification networks installed on more than 200 U.S. military installations, and is expected to contribute more than $11 million in annualized adjusted EBITDA. Fire Safety segment revenue rose 7% to $129.1 million, but adjusted EBITDA edged up only 1% to $78.8 million due to a 5% pricing step-down in the first year of a new U.S. federal retardant contract and minimal foam deliveries to the Defense Logistics Agency during a transition to a vendor-managed inventory structure under a five-year contract with a maximum value of $500 million. Specialty Products revenue doubled to $84.7 million, with adjusted EBITDA up 96% to $26.8 million, reflecting contributions from MMT and IMS, while PDI's adjusted EBITDA declined year-over-year due to production issues at the Sauget, Illinois P2S5 facility. The company reported a net loss of $181.6 million, compared to a net loss of $32.2 million in the prior year quarter, primarily reflecting a $266.3 million founder advisory fee, and adjusted diluted earnings per share was $0.35 versus $0.39 a year ago. Management highlighted secular tailwinds including a $316.7 million pan-Canadian aerial asset program over five years that adds 10 aircraft to the national fleet, and expects the recently signed CAL FIRE agreement to provide a larger financial contribution in the second half of the year.
Perimeter Solutions SAQ2 adjusted EBITDA up 16% and acquisition of Monaco Enterprises for $120M
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