Perimeter Solutions, SA Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2022

EARNINGS PER SHAREBasic earnings (loss) per share represents income available to ordinary shareholders divided by the weighted average number of Ordinary Shares outstanding during the reported period. Diluted earnings (loss) per share is based upon the weighted-average number of Ordinary Shares outstanding during the period plus additional weighted-average potentially dilutive Ordinary Share equivalents during the period when the effect is dilutive.

Basic and diluted weighted average shares outstanding and earnings (loss) per share were as follows (in thousands, except share and per share data):


	Successor		Predecessor		Successor		Predecessor
	Three Months Ended June 30, 2022		Three Months Ended June 30, 2021		Six Months Ended June 30, 2022		Six Months Ended June 30, 2021

Net income (loss)	$	7,223	$	(3,848)	$	45,034	$	(22,377)

Weighted-average shares outstanding:
Weighted average shares used in computing earnings (loss) per share, basic	162,917,478		53,045,510		161,591,704		53,045,510
Founders advisory fees	14,142,366		—		14,142,366		—

Weighted average shares used in computing earnings (loss) per share, diluted	177,059,844		53,045,510		175,734,070		53,045,510

Basic earnings (loss) per share	$	0.04	$	(0.07)	$	0.28	$	(0.42)

Diluted earnings (loss) per share	$	0.04	$	(0.07)	$	0.26	$	(0.42)

As of June 30, 2022, 10.2 million PBNQSOs and 23.9 million Ordinary Shares issuable under the Founder Advisory Agreement were excluded from the diluted earnings per share calculation as the contingencies related to such instruments had not been met. In addition, 8.5 million Ordinary Shares equivalent warrants were excluded from the diluted earnings per share calculation as their effect would have been anti-dilutive.