Perimeter Solutions, SA (NYSE:PRM) Q4 2023 Earnings Conference Call February 22, 2024 8:30 AM ET
Company Participants
Seth Barker - Head, Investor Relations
Haitham Khouri - Chief Executive Officer
Kyle Sable - Chief Financial Officer
Conference Call Participants
Dan Kutz - Morgan Stanley
Josh Spector - UBS
Brian DiRubbio - Baird
Operator
Hello, and welcome to the Perimeter Solutions Q4 and Full Year 2023 Earnings Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. It’s now my pleasure to turn the call over to Seth Barker, Head of Investor Relations. Please go ahead, Seth.
Seth Barker
Thank you, operator. Good morning, everyone, and thank you for joining Perimeter Solutions’ fourth quarter and full year 2023 earnings call. Speaking on today’s call are Haitham Khouri, Chief Executive Officer; and Kyle Sable, Chief Financial Officer. We want to remind anyone who maybe listening to a replay of this call that all statements made are as of today, February 22, 2024, 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. The statements made today are based on management’s current expectations, assumptions and beliefs about our business and the environment in which we operate, and our 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. The reconciliation of and other information regarding these items can be found in our earnings press release and presentation, 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, Chief Executive Officer.
Haitham Khouri
Thank you, Seth. Good morning, everyone. Thank you for joining us. As always, I’ll start on Slide 3 with summary comments on our strategy. As we stated repeatedly, 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 the following five very specific economic criteria: number one, recurring and predictable revenue streams; number two, long-term secular growth tailwinds; number three, products that account for critical but small portions of larger value streams; number four, significant free cash flow generation with higher returns on tangible capital; and number five, the potential for opportunistic consolidation. We believe that these five economic criteria are present at our current businesses, and we use these criteria to evaluate potential new acquisitions.