Perimeter Solutions, Inc. — Form 8-K
Filed July 31, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
Perimeter Solutions acquired Monaco Enterprises on July 30, 2026 for $120M net cash (funded from cash on hand and credit facilities), expecting $11M+ annualized adjusted EBITDA at a 10.5x multiple. Q2 2026 net sales grew 31% to $213.8M and adjusted EBITDA rose 16% to $105.6M, but GAAP net loss widened to $181.6M ($1.11 per diluted share) from $32.2M prior year, driven by $266.3M in founder advisory fees and higher amortization ($24M) from recent acquisitions.
Why this rating
Monaco deal is ~6.3% of market cap but only 10.5x EBITDA multiple and accretive to adjusted earnings. Large GAAP losses from non-cash founders fees mask operational progress (adjusted EPS $0.35). Specialty segment grew 100% in revenue but margins pressured by inventory step-up. Debt raised to $550M YTD suggests leverage rising relative to EBITDA base.
See more from July 31, 2026.
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