Perimeter Solutions, SA (NYSE:PRM) Q1 2024 Earnings Call Transcript

Q – Chris Perrella: I appreciate the color on that. And then just one quick one. For mil-spec, does that have an impact in 2024? Or is that a slow build for that product?

Haitham Khouri: So I would say, both. It had an impact in the second half of 2023. It had an impact in Q1. It should certainly have an impact throughout the balance of the year, but mil-spec is not a one-shot thing. I referred to this on my prior call. mil-RA there are a number of chunky important mil-spec approvals, which are separate from one another. You have aircraft rescue, you have sprinkler, you have salt water, you have commercial airport, so on and so forth. And our hope and certainly, our plan over the coming quarters and years, is to keep being first to market with these various approvals therefore unlocking incremental chunks of mil-spec and continuing to benefit from this opportunity over the long term as we clearly, are in 2024.

Q – Chris Perrella: Thank you very much. Appreciate the color, Haitham

Haitham Khouri: You bet.

Operator: Ladies and gentlemen, we have reached the end of the question-and-answer session and are out of time for today’s call. I would like to turn the call back to Haitham Khouri for closing remarks.

Haitham Khouri: Thank you very much everyone and talk again in 90 or so days.

Operator: Thank you. This concludes today’s conference. You may disconnect your lines at this time.