Perimeter Solutions SA (NYSE:PRM) Q1 2022 Earnings Conference Call May 9, 2022 8:30 AM ET

Company Participants

Noriko Yokozuka - General Counsel, Corporate Secretary & Compliance Officer

Haitham Khouri - Vice Chairman & Director

Edward Goldberg - CEO & Director

Charles Kropp - CFO & Principal Accounting Officer

Conference Call Participants

Joshua Spector - UBS

Brian DiRubbio - Robert W. Baird & Co.

Matthew Pickering - Select Equity Group

Operator

Greetings. Welcome to Perimeter Solutions' First Quarter 2022 Earnings Call. [Operator Instructions]. Please note that today's conference is being recorded. At this time, I'll turn the conference over to Nori Yokozuka. Nori, you may now begin.

Noriko Yokozuka

Thank you, operator. Good morning, everyone, and thank you for joining Perimeter Solutions First Quarter 2022 Earnings Call. Speaking on today's call are Haitham Khouri, Vice Chairman; Edward Goldberg, Chief Executive Officer; and Chuck Kropp, Chief Financial Officer. .

We want to remind anyone who may be listening to a replay of this call that all statements made are as of today, May 9, 2022, and these statements have not been nor will they be updated subsequent to today's call. Also, today's call may contain forward-looking statements. These statements made today are based on management's current expectations, assumptions and beliefs about our business, the environment in which we operate, and that actual results may materially differ from those expressed or implied on today's call.

Please review our SEC filings for a more complete discussion of factors that could impact our results. The company would also like to advise you that during the call, we will be referring to non-GAAP financial measures, including EBITDA. Please refer to our earnings press release and presentation as well as our SEC filings, both of which will be available on our website and on the SEC's website. With that, I will turn the call over to Haitham Khouri, Vice Chairman.

Haitham Khouri

Thanks, Nori. Good morning, everybody, and thank you for joining today. As usual, I'll begin with summary comments on our strategy. Then, I'll touch briefly on our performance before turning the call over to Eddie to review our Q1 results more fully, starting with our strategy on Slide 3.

As you've heard from us before, our goal is to deliver private equity-like returns with the liquidity of a public market. We plan to attain this goal by owning, operating and growing uniquely high-quality businesses. We define uniquely high-quality businesses through 5 very specific economic criteria: one, recurring and predictable revenue streams; two, long-term secular growth tailwinds; three, products that account for critical but small portions of larger value streams; four, significant free cash flow generation with high returns on tangible capital; and five, the potential for opportunistic consolidation.