Perimeter Solutions
31 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.
Customers
U.S. Bureau of Land Management
earns from · 11%named as a riskFor fiscal year 2025, our two largest customers, the USDA Forest Service and the U.S. Bureau of Land Management accounted for 32% and 11%, respectively, of our consolidated revenues.Business (Item 1)
Also named by AESI, BTU, CHRD, CRC, CRGY, DC, DMLP, DVN and 7 more
USDA Forest Service
earns from · 32%named as a riskFor fiscal year 2025, our two largest customers, the USDA Forest Service and the U.S. Bureau of Land Management accounted for 32% and 11%, respectively, of our consolidated revenues.Business (Item 1)
California
earns fromnamed as a riskSales to the USDA Forest Service, the U.S. Bureau of Land Management and the state of California represent a substantial portion of our revenues, and this concentration of our sales makes us substantially dependent on those customers.Risk factors (Item 1A)
Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more
Suppliers
Third-party logistics suppliers
depends onnamed as a riskWe rely on third-party logistics suppliers for the distribution, storage and transportation of raw materials, operating supplies and products.Risk factors (Item 1A)
Flexsys Chemical Company
depends onOne is a tolling facility in Sauget, Illinois, operated by Flexsys Chemical Company, that primarily serves our P2S5 customers in North America.Business (Item 1)
Other companies
EverArc Founder Entity
1.5% of 157,137,410 sharesnamed as a riskPursuant to the Founder Advisory Agreement, we may be required to pay significant fees to the EverArc Founder Entity, which could reduce cash available for investment in the business, working capital and distribution to stockholders.Risk factors (Item 1A)
AFFF multi-district litigation (District of South Carolina)
named as a riskFor example, we are a defendant in a multi-district litigation pending in the United States District Court for the District of South Carolina (“MDL”) relating to the manufacture, sale, and distribution of fluorinated Aqueous Film Forming Foams (“AFFF”).Risk factors (Item 1A)
Also named by MMM
Amerex
named as a riskAlthough Amerex retained certain pre-closing liabilities for Solberg, Amerex noticed indemnity claims to Perimeter prior to the expiration of a contractual indemnity period, and some potential direct claims, that have been made against Perimeter on the basis of the Company’s ownership of Solberg after January 1, 2019.Risk factors (Item 1A)
Medical Manufacturing Technologies, LLC (MMT)
named as a riskAchieving the anticipated benefits of the MMT Acquisition is subject to a number of uncertainties, including whether our assets and businesses and the assets and businesses of MMT can be integrated in an efficient and effective manner.Risk factors (Item 1A)
Firefighting aircraft capacity
depends onThe size and capacity of the firefighting aircraft fleet is a key driver of the amount of fire retardant consumed annually because demand for retardant typically outpaces available aircraft capacity, as evidenced by data regarding the inability to fill aerial firefighting requests published by the National Interagency Fire Center.Business (Item 1)
Places
North America
concentrated in · approximately 87%named as a riskSales in our Fire Safety segment, of which approximately 87% are in North America, are subject to seasonal variation due to the length and the severity of the fire season, which in North America typically extends from April through September, as well as the availability of air tanker capacity.Business (Item 1)
Also named by ALSN, AOS, BMI, CAG, CAT, CHRW, CLS, CPB and 19 more
United States
earns from · approximately 76% of our annual revenuesWe conduct our operations globally, with approximately 76% of our annual revenues derived in the United States, approximately 10% in Europe and approximately 7% in Canada, with the remaining approximately 7% spread across various other countries.Business (Item 1)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
Europe
earns from · approximately 10%We conduct our operations globally, with approximately 76% of our annual revenues derived in the United States, approximately 10% in Europe and approximately 7% in Canada, with the remaining approximately 7% spread across various other countries.Business (Item 1)
Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more
Canada
earns from · approximately 7%We conduct our operations globally, with approximately 76% of our annual revenues derived in the United States, approximately 10% in Europe and approximately 7% in Canada, with the remaining approximately 7% spread across various other countries.Business (Item 1)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
California
operates inOur primary fire retardant production facilities are located in McClellan Park and Rancho Cucamonga, California.Business (Item 1)
Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more
Hurth, Germany
operates inThe second facility, operated by Perimeter, is located in Knapsack Chemical Park in Hurth, Germany, and serves our P2S5 customers outside of North America.Business (Item 1)
Hazards
Wildfire
named as a riskIf we experience a low fire season, the WUI does not continue to expand or if FFF do not continue to account for a growing percentage of the firefighting foam market in the coming years as we expect, this could materially and adversely affect our business.Risk factors (Item 1A)
Also named by A, AEP, ARE, BKH, CB, CRC, EVRG, MDU and 2 more
Commodities and inputs
Euro
exposed to its pricenamed as a riskForeign currency exchange risks are attributable to sales to foreign customers and purchases from foreign suppliers not denominated in a location’s functional currency, foreign plant operations, intercompany indebtedness, intercompany investments and include exposures to the Euro, Canadian dollar, Norwegian krone and Australian dollar.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Canadian dollar
exposed to its pricenamed as a riskForeign currency exchange risks are attributable to sales to foreign customers and purchases from foreign suppliers not denominated in a location’s functional currency, foreign plant operations, intercompany indebtedness, intercompany investments and include exposures to the Euro, Canadian dollar, Norwegian krone and Australian dollar.Market risk (Item 7A)
Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more
PFAS
subject tonamed as a riskFor example, certain PFAS in firefighting foam may become regulated as hazardous substances, phased out or banned.Risk factors (Item 1A)
Also named by ACHR, APG, CAG, CAVA, CTVA, DD, ES, FDX and 12 more
Fluorine
depends onnamed as a riskSome of our products use fluorine as a raw material, which is considered a PFAS chemical.Risk factors (Item 1A)
Phosphorus Pentasulfide (P2S5)
earns fromnamed as a riskAs more electric vehicles emerge on the automobile market, use of the internal combustion engine may decline, thereby lessening demand for some of our specialty products.Risk factors (Item 1A)
Sole-source raw materials
depends onnamed as a riskA substantial amount of the raw materials used to manufacture our fire safety products and specialty products are sourced from third-party suppliers, some of which are derived from limited or sole sources of supply.Risk factors (Item 1A)
Regulators
U.S. Environmental Protection Agency (EPA)
subject tonamed as a riskIn addition to meeting the USDA Forest Service standards, the agency may be required to consult with other government agencies, for example, the Environmental Protection Agency (“EPA”), to meet additional requirements and regulations.Risk factors (Item 1A)
Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more
U.S. Food and Drug Administration (FDA)
subject tonamed as a riskThese customers may require MMT to comply with certain quality management and manufacturing standards, such as FDA and ISO quality system regulations, to support their own regulatory compliance.Risk factors (Item 1A)
Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more
Laws and programs
Toxic Substances Control Act (TSCA)
subject tonamed as a riskAccording to this statute, the EPA is required to make an affirmative finding that a new chemical will not pose an unreasonable risk before such chemical can go into production.Risk factors (Item 1A)
Also named by A, ALB, CLH, ECL, EMN, ESI, IFF, OLN and 1 more
U.S. government contracting regulations
subject tonamed as a riskAs a supplier and service provider to the U.S. government, we are subject to certain heightened risks, such as those associated with the government’s rights to audit and conduct investigations and with its rights to terminate contracts for convenience or default.Risk factors (Item 1A)
REACH
subject tonamed as a riskREACH may affect our ability to import, manufacture and sell certain products in the EU.Risk factors (Item 1A)
USDA Forest Service Qualified Products List
subject tonamed as a riskThe USDA Forest Service may also change its qualification process or determine that our products no longer qualify under existing requirements.Risk factors (Item 1A)
U.S. Department of Defense MIL-SPEC
subject toCertain of our foam products have received U.S. Department of Defense military specification (“MIL-SPEC”) qualifications, which we believe provide a competitive advantage in military and airport emergency response applications.Business (Item 1)