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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Perimeter Solutions's retained earnings for the quarter that ended in Sep. 2024 was $-730.9 Mil.
Perimeter Solutions's quarterly retained earnings increased from Mar. 2024 ($-663.4 Mil) to Jun. 2024 ($-641.7 Mil) but then declined from Jun. 2024 ($-641.7 Mil) to Sep. 2024 ($-730.9 Mil).
Perimeter Solutions's annual retained earnings increased from Dec. 2021 ($-738.5 Mil) to Dec. 2022 ($-648.3 Mil) and increased from Dec. 2022 ($-648.3 Mil) to Dec. 2023 ($-580.8 Mil).
The historical data trend for Perimeter Solutions's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Perimeter Solutions Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | -72.04 | -47.79 | -738.52 | -648.30 | -580.82 |
Perimeter Solutions Quarterly Data | |||||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Retained Earnings | Get a 7-Day Free Trial | -567.58 | -580.82 | -663.38 | -641.73 | -730.89 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Perimeter Solutions (NYSE:PRM) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Tracy Britt Cool | director | C/O BERKSHIRE HATHAWAY INC., 3555 FARNAM STREET, OMAHA NE 68131 |
Khouri Haitham | director, officer: Chief Executive Officer | C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000 |
Windacre Partnership Master Fund, Lp | 10 percent owner | 2200 POST OAK BLVD., SUITE 1580, HOUSTON TX 77056 |
Charles W. Kropp | officer: Chief Financial Officer | C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000 |
Jeffrey Emery | officer: President - Global Fire Safety | C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000 |
Iversen Bernt G Ii | director | CHAMPION AEROSPACE INC, 1230 OLD NORRIS ROAD, LIBERTY SC 29657 |
Kevin M Stein | director | TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114 |
Edward D. Goldberg | director, officer: Chief Executive Officer | C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000 |
Windacre Partnership Llc | 10 percent owner | 2200 POST OAK BOULEVARD, SUITE 1580, HOUSTON TX 77056 |
Snehal Amin | 10 percent owner | 2200 POST OAK BLVD., SUITE 1580, HOU TX 77056 |
Sean P Hennessy | director | C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE NW, CLEVELAND OH 44115 |
Windacre General Partner Lp | 10 percent owner | 2200 POST OAK BLVD., SUITE 1580, HOUSTON TX 77056 |
Kremling Ernest C. Ii | officer: Chief Operating Officer | 9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099 |
Noriko Yokozuka | officer: General Counsel | C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000 |
Stephen Cornwall | officer: Chief Commercial Officer | C/O PERIMETER SOLUTIONS, SA, 12E RUE GUILLAUME KROLL L1882 LUXEMBOURG, GRAND DUCHY N4 00000 |
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