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Get filing alertsPerimeter Solutions posts 31% revenue growth, acquires Monaco for $120M cash
Filed July 31, 2026 · Period ending July 31, 2026 · ~1 min read
Key Changes
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high
Acquired Monaco Enterprises for $120M cash (10.5x EV/EBITDA), expected to contribute $11M+ annualized Adjusted EBITDA to Fire Safety segment
Exhibit 99.1 view on EDGAR → -
high
Q2 revenue rose 31% to $213.8M driven by 100% Specialty Products growth and 7% Fire Safety growth; Adjusted EBITDA up 16% to $105.6M
Exhibit 99.1 view on EDGAR → -
high
GAAP net loss widened to $181.6M ($1.11/share) from $32.2M prior year, primarily due to $266.3M in non-cash founders advisory fee charges
Exhibit 99.1 view on EDGAR → -
high
Issued $550M in new long-term debt during H1 2026; cash declined from $325.9M to $82.8M as net debt rose from $669.1M to $1,210.2M
Exhibit 99.1 view on EDGAR → -
medium
Adjusted EPS declined to $0.35 from $0.39 prior year despite revenue and EBITDA growth
Exhibit 99.1 view on EDGAR →
Summary
Perimeter Solutions reported strong second quarter 2026 results with 31% revenue growth to $213.8 million, driven by a doubling of Specialty Products sales and steady Fire Safety performance. The company simultaneously closed its $120 million acquisition of Monaco Enterprises, a provider of life safety systems to U.S. government facilities, funded with cash on hand and existing credit facilities.
Monaco is expected to contribute over $11 million in annualized Adjusted EBITDA at a 10.5x purchase multiple. The headline GAAP net loss of $181.6 million ($1.11 per share) reflects $266.3 million in non-cash founders advisory fee charges, a mark-to-market liability adjustment excluded from adjusted metrics.
On an adjusted basis, earnings per share declined modestly to $0.35 from $0.39 despite 16% Adjusted EBITDA growth to $105.6 million, suggesting dilution or higher interest expense. The company's balance sheet shows meaningful leverage expansion: long-term debt rose from $669 million to $1.2 billion while cash fell from $326 million to $83 million, reflecting the Monaco acquisition and $550 million in new debt issuance during the first half. Investors should monitor integration execution and whether the Fire Safety segment can absorb Monaco's $11 million EBITDA contribution while maintaining margin discipline.
Section-by-Section Diff
Event · Exhibit 99.1
Perimeter Solutions reported Q2 2026 results with 31% revenue growth and acquired Monaco Enterprises for $120M cash.
Added in current filing · view on EDGAR →
Net sales increased 31% to $213.8 million in the second quarter, as compared to $162.6 million in the prior year quarter. ... Net loss during the second quarter was $181.6 million, or $1.11 loss per diluted share, as compared to a net loss of $32.2 million, or $0.22 loss per diluted share in the prior year quarter. ... Second quarter non-GAAP adjusted earnings per diluted share was $0.35, as compared to non-GAAP adjusted earnings per diluted share of $0.39 in the prior year quarter. ... Adjusted EBITDA increased 16% to $105.6 million in the second quarter, as compared to $91.3 million in the prior year quarter.
Perimeter Solutions reported second quarter 2026 net sales of $213.8 million, up 31% year-over-year, driven by 7% growth in Fire Safety and 100% growth in Specialty Products. The company posted a GAAP net loss of $181.6 million ($1.11 per diluted share), significantly wider than the prior year's $32.2 million loss, primarily due to $266.3 million in founders advisory fees. Adjusted EBITDA rose 16% to $105.6 million, while adjusted earnings per diluted share declined to $0.35 from $0.39.
Added in current filing · view on EDGAR →
On July 30, 2026, the Company acquired the outstanding capital stock of Monaco Enterprises, Inc. (“Monaco”) for a total cash purchase price, net of cash acquired of $120.0 million which was funded with cash on hand and proceeds from existing credit facilities. The Company expects Monaco to contribute more than $11 million of annualized Adjusted EBITDA, corresponding to a purchase multiple of approximately 10.5x enterprise value to Adjusted EBITDA. Monaco is included within the Fire Safety segment.
Perimeter Solutions acquired Monaco Enterprises, a provider of life safety and emergency management systems for U.S. government facilities, for $120.0 million in cash (net of cash acquired). The acquisition was funded with cash on hand and existing credit facilities. Management expects Monaco to contribute more than $11 million in annualized Adjusted EBITDA, implying a purchase multiple of approximately 10.5x enterprise value to Adjusted EBITDA. Monaco will be integrated into the Fire Safety segment.
Added in current filing · view on EDGAR →
Founders advisory fees - related party 266,255 96,883 189,877 16,270
The company recorded $266.3 million in founders advisory fees (related party) during the second quarter 2026, up from $96.9 million in the prior year quarter. Year-to-date, these fees totaled $189.9 million versus $16.3 million in the prior year period. These non-cash charges represent changes in fair value of the founders advisory fee liability and are excluded from adjusted earnings metrics.
Added in current filing · view on EDGAR →
Fire Safety net sales increased 7% to $129.1 million, as compared to $120.3 million in the prior year quarter. ... Specialty Products net sales increased 100% to $84.7 million, as compared to $42.4 million in the prior year quarter. ... Fire Safety Segment Adjusted EBITDA increased 1% to $78.8 million, as compared to $77.7 million in the prior year quarter. ... Specialty Products Segment Adjusted EBITDA increased 96% to $26.8 million, as compared to $13.7 million in the prior year quarter.
Fire Safety segment net sales grew 7% to $129.1 million with Adjusted EBITDA up 1% to $78.8 million. Specialty Products segment net sales doubled to $84.7 million (up 100%) with Adjusted EBITDA nearly doubling to $26.8 million (up 96%). The Specialty Products growth reflects recent acquisitions and organic expansion in lubricant additives, electronic components, and medical device machinery.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 3, 2026 · How we verify