Perimeter Solutions PRM has inaugurated a state-of-the-art PHOS-CHEK facility at McClellan Park in Sacramento, CA, reportedly one of the world’s leading fire retardant production facilities. Spanning 110,000 square feet, the facility will function as a key center for manufacturing and distribution, enabling the company to supply PHOS-CHEK to any airbase across North America within just a few hours.
The company made a significant investment in this new facility to address the growing challenges of increasingly severe wildfire seasons in California and across the nation.
The site will manufacture three of the company’s most widely used fire retardants, PHOS-CHEK MVP-Fx, PHOS-CHEK 259-Fx and PHOS-CHEK LCE20-Fx
PHOS-CHEK MVP-Fx is a highly visible retardant heavily relied upon by CAL FIRE to combat wildfires in California. PHOS-CHEK 259-Fx is the only fire retardant approved for use in fixed-tank helicopters, specifically designed with ultra-low corrosion properties to protect sensitive onboard equipment. PHOS-CHEK LCE20-Fx is the company’s latest innovation that delivers high firefighting performance while offering improved environmental benefits.
The investment in the McClellan facility highlights Perimeter Solutions' continued dedication to innovation, reliability and environmental responsibility. By constructing this new site and upgrading its operations at the San Bernardino Airbase and Fox Field Airbase in Lancaster, CA, the company is enhancing its capacity to quickly respond to wildfire emergencies with top-tier fire retardant technology.
Perimeter Solutions remains committed to providing firefighters with the critical resources they need, exactly when they need them, to safeguard lives and protect communities from wildfires.
Shares of Perimeter Solutions have gained 96% over the past year compared with its industry’s 4.6% growth.
Image Source: Zacks Investment Research
PRM’s Zacks Rank & Key Picks
PRM currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space are Carpenter Technology Corporation CRS, Agnico Eagle Mines AEM and Avino Silver & Gold Mines Ltd. ASM.
Carpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 157.7% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Agnico Eagle’s current-year earnings is pegged at $1.61 per share. AEM, sporting a Zacks Rank of 1, surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings surprise of 12.3%. The company's shares have rallied 74.4% in the past year.
Avino Silver, which currently sports a Zacks Rank of 1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it delivered an earnings surprise of roughly 104.1%, on average. ASM's shares have rallied 271.5% in the past year.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpCarpenter Technology Corporation (CRS) : Free Stock Analysis Report
Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report
Avino Silver (ASM) : Free Stock Analysis Report
Perimeter Solutions, SA (PRM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
