Perimeter Solutions, SA (NYSE:PRM) Q1 2024 Earnings Conference Call May 9, 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

Chris Perrella - UBS
Dan Kutz - Morgan Stanley

Operator

Good morning, ladies and gentlemen and thank you for standing by. Welcome to Perimeter Solutions Q1 2024 Earnings Call. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to your host, Seth Barker, Head of Investor Relations. Thank you. You may begin.

Seth Barker

Thank you, operator. Good morning, everyone and thank you for joining Perimeter Solutions' first quarter 2024 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 may be listening to a replay of this call that all statements made are as of today May 9, 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. These 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 adjusted 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 and thanks 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. 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 higher returns on tangible capital; and five, the potential for opportunistic consolidation. We believe that these five economic criteria are present in our current businesses and we use these criteria to evaluate potential new acquisitions.