Primo Brands Reports 2026 Third Quarter Results

(NYSE: PRMB) Primo Brands Corporation announced its results for the third quarter ended September 30, 2026. Net sales for the quarter were $1,821.0 million, up from $1,766.1 million in the prior year, representing a 3.1% increase, primarily driven by growth in premium brands and regional spring water. Gross margin was 30.4% compared to 29.9% in the prior year, attributed to revenue growth and lower non-recurring integration-related costs, partially offset by higher transportation costs. Selling, general and administrative (SG&A) expenses were $316.3 million, down from $343.0 million, mainly due to decreased marketing costs and lower amortization of definite-lived intangibles. Net income from continuing operations was $124.5 million, compared to $40.5 million in the prior year, and net income per diluted share was $0.34, up from $0.11. Adjusted net income was $157.1 million versus $155.0 million, and adjusted net income per diluted share was $0.43 compared to $0.41. Adjusted EBITDA increased 1.6% to $411.0 million from $404.5 million, while Adjusted EBITDA margin decreased by 30 basis points to 22.6%. Net cash provided by operating activities from continuing operations was $293.6 million, with $83.0 million in capital expenditures and additions to intangible assets, resulting in $210.6 million of free cash flow and $274.2 million of Adjusted Free Cash Flow, compared to $283.4 million and $311.1 million, respectively, in the prior year. Total debt, excluding unamortized debt costs and discounts, was $5.2 billion, and unrestricted cash and cash equivalents totaled $477.2 million as of September 30, 2026, resulting in net debt of $4.8 billion and a net leverage ratio of 3.32x. Cash dividends paid for the quarter were $43.5 million. Share repurchases under the repurchase plan, including brokerage commissions, totaled $22.1 million during the quarter. For the full year 2026, the company updated its financial outlook, expecting net sales growth to approximate the midpoint of the previous 2% to 4% range, and Adjusted EBITDA to be at the lower end of the previous $1,465 million to $1,515 million range. Base capital expenditures are expected to remain at 4% of net sales, and Adjusted Free Cash Flow guidance remains unchanged at $790 million to $810 million. The Board of Directors declared a dividend of $0.12 per share on Class A common stock, payable on December 4, 2026, to holders of record as of November 24, 2026. The Board also authorized a new share repurchase program of up to $300 million, replacing the previous program which had approximately $41 million of unused capacity as of September 30, 2026. The company may purchase shares through various means at management's discretion, subject to market conditions and regulatory requirements. Primo Brands operates in North America, Canada, Poland, and the United States, and employs more than 12,000 associates.

Primo Brands Reports 2026 Second Quarter Results

(NYSE: PRMB) Primo Brands Corporation announced its results for the second quarter ended June 30, 2026, reporting net sales of $1,796.2 million, an increase of 3.8% compared to $1,730.1 million in the prior year period. Net income from continuing operations was $69.2 million, up from $30.5 million, and adjusted EBITDA increased 5.0% to $385.0 million from $366.7 million. Adjusted EBITDA margin rose 20 basis points to 21.4%, while gross margin was 30.5% compared to 31.3%. Net cash provided by operating activities from continuing operations was $227.9 million, with $123.3 million of free cash flow and $200.1 million of adjusted free cash flow. Total debt as of June 30, 2026, was $5.3 billion, unrestricted cash and cash equivalents were $366.5 million, and net debt was $4.9 billion with a net leverage ratio of 3.42x. The company projects full-year 2026 net sales growth of 2% to 4%, adjusted EBITDA between $1,465 million and $1,515 million, and adjusted free cash flow between $790 million and $810 million.

Primo Brands Announces Leadership Changes to Sharpen Focus on Growth Priorities and Customer Experience

(NYSE: PRMB) Primo Brands Corporation announced organizational leadership changes designed to strengthen its customer experience, accelerate key growth priorities, and create a more agile, accountable operating model. Vaughn Dickinson has joined the Company as President of Customer Direct & Go-to-Market, reporting to the Chief Executive Officer. The role of Chief Operating Officer will be eliminated, and Robert Austin will remain with the Company until December 31, 2026 to support a successful transition. Primo Brands distributes its brands to more than 200,000 retail outlets and offers direct delivery, exchange, and refill services, including approximately 26,500 retail locations for exchange and 23,500 self-service refill stations. The company delivers responsibly sourced hydration solutions direct to home and business customers across every U.S. state and Canada. The company projects that the Direct Delivery channel is on pace to return to modest comparable growth in the second half of the year. Primo Brands also offers water filtration units for home and business customers across North America.

Primo Brands Reports 2026 First Quarter Results

Primo Brands Corporation (NYSE: PRMB) reported its first quarter 2026 results, showing net sales increased 0.8% to $1,626.1 million compared to $1,613.7 million in the prior year. Net income from continuing operations was $27.3 million, down from $34.7 million, and Adjusted EBITDA decreased 10.4% to $306.0 million. The company raised its full-year organic Net Sales growth outlook to 1%-3% and widened its Adjusted EBITDA guidance range. Primo Brands also reported $44.2 million in cash dividends and approximately $29.0 million in share repurchases for the quarter. These results and outlook adjustments are significant for investors monitoring the company's growth, profitability, and capital allocation.

Primo Brands Declares Quarterly Dividend

Primo Brands Corporation (NYSE: PRMB) announced that its Board of Directors declared a dividend of $0.12 per share on its outstanding Class A common stock. The dividend will be payable on June 15, 2026, in cash, to stockholders of record at the close of business on June 4, 2026. Primo Brands is a leading North American branded beverage company with a comprehensive portfolio of water and beverage brands distributed in every U.S. state and Canada. The company operates a vertically integrated coast-to-coast network, reaching more than 200,000 retail outlets and offering direct delivery, exchange, and refill services. Primo Brands employs more than 12,000 associates and manages over 80 springs, helping conserve over 28,000 acres of land across the U.S. and Canada.