Perimeter Solutions: 2Q25 Business Update
Stock +72% YTD, Platform Acquisition Ahead of Expectations, Normalized Fire Season Driving Strong Results| Speedwell Memos
Note: We just wanted to provide a short update on CPRT, but big picture not much has changed from our update last quarter. You can find a PDF here. 2Q25 Summary. Copart reported fiscal 4Q25, and the stock dropped -3% the following day. The stock is now down -23% from peak. This was another lackluster […]| Speedwell Research
Note: We just wanted to provide a short update on CSU, but big picture not much has changed! We provide some commentary on the quarter and their business developments below. We will provide a longer update once there is more to talk about, or at the end of the year (whichever happens first). 2Q25 Summary. […]| Speedwell Research
Stock +72% YTD, Platform Acquisition Ahead of Expectations, Normalized Fire Season Driving Strong Results| Speedwell Memos
2Q25 Summary. Total revenues grew +9% y/y to $1.15bn, marking a deceleration from the +12% growth recorded in 2Q24 and the first single-digit revenue growth since 1Q24. Margins and profitability continued to be weighed down by elevated financial service expenses and SG&A. They maintained their full year guidance of 9,250 home closings, which includes the […]| Speedwell Research
Successfully Upselling, Leading in Innovation, Growth Reaccelerates| Speedwell Memos
Taking Market Share, Positive Comps Revert Negative, $22mn Mature Stores| Speedwell Memos
Revenues Reaccelerate, Strong Organic Growth, 2028 Long-Term Targets| Speedwell Memos
Calculating Incremental ROIC from Capex, 5 Business Opportunities, AI Everywhere| Speedwell Memos
2Q25 Business Recap. Revenue growth accelerated +15% y/y, up 300bps from last quarter. Net new bookings hit a record $93mn (+65% q/q), driven by broad strength across their segments. This marks the…| Speedwell Research
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