Primo Water

Primo Water Corp. engages in the manufacture, process, and distribution of beverages. It operates through the following segments: North America, Rest of World, and All Other. The North America segment offers bottled water, water filtration, and coffee services to customers in North America. The Rest of World segment provides bottled water, water filtration, and coffee services to customers in Europe and Israel. The All Other segment includes the corporate oversight function and other miscellaneous expenses. The company was founded in 1955 and is headquartered in Tampa, FL.

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Primo Water reports strong Q4 earnings, eyes growth opportunities

Primo Water's Q4 2022 performance reflects solid financial results, with revenue growth, margin expansion, and positive outlook for 2023, underpinned by strategic initiatives.
The company's resilience in offsetting cost inflation, focus on shareholder value, and market adaptability position it well for sustained growth and profitability.
Challenges related to working capital, supply chain disruptions, and M&A strategies in Europe require strategic management to navigate effectively.
Opportunities in digital growth, operational efficiencies, and market expansion present avenues for Primo to drive long-term success and shareholder value creation.

Primo Water reports strong Q1 earnings, eyes growth amid challenges

Primo Water delivered robust Q1 2023 results, showcasing revenue and EBITDA growth driven by consumer demand and operational enhancements.
While facing inflationary pressures and working capital challenges, the company demonstrated resilience and strategic focus on cost management.
With a strong emphasis on sustainability, operational efficiencies, and revenue guidance, Primo Water is poised for continued growth and market leadership.
Strategic initiatives to improve service execution, reduce CapEx, and capitalize on market opportunities position the company for long-term success and profitability.

Primo Water reports strong Q2 results, eyes growth opportunities

Primo Water's Q2 performance reflects revenue and EBITDA growth, supported by key segments and European operations, with raised annual guidance.
The company's strengths lie in customer retention, acquisitions, growth initiatives, and diversified customer acquisition channels.
Challenges include commercial sales recovery, fuel price impacts, NOL drop-off, and ongoing inventory management considerations.
Opportunities for Primo Water include pricing strategies, demand growth, fleet savings, and continued focus on customer experience and expansion.

Primo Water reports strong Q3 results and accelerates growth plans

Primo Water's Q3 performance reflects strong revenue and EBITDA growth, with a focus on North American water businesses.
The Culligan deal unlocks shareholder value and accelerates achievement of 2024 targets, with a clear strategy for debt reduction.
Challenges include shifting sales focus and regulatory hurdles, while opportunities lie in new market penetration and sustained growth strategies.
Overall, Primo Water remains confident in its ability to deliver value to shareholders and drive growth through strategic initiatives.

Primo Water reports strong Q4 earnings, outlines growth strategies

Primo Water's Q4 2023 performance reflects robust revenue and EBITDA growth, surpassing full-year guidance and demonstrating operational strength. The company's strategic focus on customer-centric initiatives, cost optimization, and growth strategies underpins its positive outlook for 2024 and beyond.
Despite facing challenges like margin decline and cost inflation, Primo Water remains resilient, leveraging its strengths in brand portfolio, sustainability practices, and production capabilities. The company's proactive approach to addressing challenges and seizing opportunities underscores its commitment to sustainable growth.
With a clear vision outlined by CEO Robbert Rietbroek, Primo Water is poised for continued success through organic growth initiatives, operational enhancements, and prudent capital deployment strategies. The company's financial performance, strategic priorities, and market adaptability position it as a strong player in the water market.

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Primo Brands Corp. is a branded beverage company, which focuses on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in the United States and Canada. The company provides water filtration units for home and business consumers across North America. It also offers reusable packaging, helping to reduce waste through its reusable, multi-serve bottles and innovative brand packaging portfolio, which includes recycled plastic, aluminum and glass. Primo Brands was founded in 2024 and is headquartered in Tampa, FL.

Report Highlights Continued Commitment to Carbon Neutrality TAMPA, Fla. , July 11, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) ("Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today released its inaugural 2020 Environmental, Social and Governance (ESG) report.

Primo Water Corporation Releases Inaugural Environmental, Social and Governance Report

TAMPA, FL , July 5, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced that the Company will release its second quarter ended July 2, 2022, financial results before the markets open on Thursday, August 11, 2022. Primo will host a conference call, to be simultaneously webcast, on Thursday, August 11, 2022, at 10:00 a.m.

PRIMO WATER CORPORATION ANNOUNCES DATE FOR SECOND QUARTER EARNINGS RELEASE

TAMPA, Fla. , June 16, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that it will participate in the 2022 Jefferies Consumer Conference on June 20 - June 22, 2022.

PRIMO WATER CORPORATION TO PARTICIPATE IN THE 2022 JEFFERIES CONSUMER CONFERENCE

Primo (PRMW) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Primo (PRMW) Could Find Support Soon, Here's Why You Should Buy the Stock Now

TAMPA, Fla. , May 19, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that it will present at the 2022 RBC Capital Markets Global Consumer & Retail Conference on Thursday, June 2, 2022.

PRIMO WATER CORPORATION TO PRESENT AT THE 2022 RBC CAPITAL MARKETS GLOBAL CONSUMER & RETAIL CONFERENCE

Primo Water Corporation ( PRMW ) Q1 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants Jon Kathol - Vice President of Investor Relations Tom Harrington - Chief Executive Officer Jay Wells - Chief Financial Officer Conference Call Participants Kevin Grundy - Jefferies Andrea Teixeira - JPMorgan Derek Lessard - TD Securities Daniel Moore - CJS Securities Steve Powers - Deutsche Bank John Zamparo - CIBC Derek Dley - Canaccord Genuity Operator Good morning. My name is Pam, and I will be your conference operator today.

Primo Water Corporation (PRMW) CEO Tom Harrington on Q1 2022 Results - Earnings Call Transcript

Primo (PRMW) delivered earnings and revenue surprises of 50% and 1.18%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Primo (PRMW) Q1 Earnings and Revenues Beat Estimates

Company records double-digit revenue growth; issues second quarter Revenue and Adjusted EBITDA guidance and affirms full year 2022 Revenue and Adjusted EBITDA guidance; announces planned exit of Russia business TAMPA, Fla. , May 12, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced its results for the first quarter ended April 2, 2022.

PRIMO WATER CORPORATION ANNOUNCES FIRST QUARTER 2022 RESULTS

TAMPA, Fla. , May 11, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced the results of voting for directors at its annual meeting of shareowners held on May 10, 2022 (the "Meeting").

PRIMO WATER CORPORATION ANNOUNCES RESULTS OF VOTING FOR DIRECTORS AT ANNUAL MEETING OF SHAREOWNERS

TAMPA, Fla. , May 11, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that its Board of Directors declared a dividend of US$0.07 per share on common shares, payable in cash on June 22, 2022 to shareowners of record at the close of business on June 10, 2022.

PRIMO WATER CORPORATION DECLARES QUARTERLY DIVIDEND

Primo Water Corporation is positioning itself as a growth company. Management is exceptionally bullish, including providing guidance out to 2024.

Primo Water: Unexciting - Just The Way I Like It

TAMPA, Fla. , April 13, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced that the Company will release its first quarter ended April 2, 2022 financial results before the markets open on Thursday, May 12, 2022.

PRIMO WATER CORPORATION ANNOUNCES DATE FOR FIRST QUARTER EARNINGS RELEASE AND DETAILS RELATING TO THE 2022 ANNUAL MEETING OF SHAREOWNERS

TAMPA, Fla., Feb. 28, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced that it will present at the 2022 Raymond James 43rd Annual Institutional Investors Conference on Monday, March 7, 2022.

PRIMO WATER CORPORATION TO PRESENT AT THE RAYMOND JAMES 43rd ANNUAL INSTITUTIONAL INVESTORS CONFERENCE

Primo Water Corporation (PRMW) CEO Thomas Harrington on Q4 2021 Results - Earnings Call Transcript

Company issues first quarter and full year 2022 revenue and adjusted EBITDA guidance TAMPA, Fla., Feb. 24, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced its results for the full year and fourth quarter ended January 1, 2022.

PRIMO WATER CORPORATION ANNOUNCES FULL YEAR AND FOURTH QUARTER 2021 RESULTS; INCREASES QUARTERLY DIVIDEND

TAMPA, Fla., Feb. 23, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that Shayron Barnes-Selby, Chief Diversity & Inclusion Officer, has been selected to receive this year's prestigious Berkeley Springs International Water Tasting Lifetime Achievement Award on February 25, 2022.

PRIMO WATER CORPORATION ANNOUNCES THAT SHAYRON BARNES-SELBY WINS BERKELEY SPRINGS INTERNATIONAL WATER TASTING LIFETIME ACHIEVEMENT AWARD

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Among the S&P 500 utility companies that have released their Q4 numbers so far, 33.3% beat on earnings. AEP, EIX, NRG, TAC, CWT & PMRW are set to report Q4 results on Feb 24

Utility Stock Q4 Earnings to Watch on Feb 24: AEP, EIX & More

TAMPA, Fla. , Feb. 23, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that its Board of Directors declared a dividend of $0.07 per share on common shares, payable in cash on March 28, 2022, to shareowners of record at the close of business on March 11, 2022 (an increase of 16.7% from the prior quarterly cash dividend of $0.06 per common share).

PRIMO WATER CORPORATION INCREASES QUARTERLY DIVIDEND

TAMPA, Fla., Jan. 31, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, announced today the launch of its new alkaline water brand, Primo Plus.

PRIMO WATER NORTH AMERICA ANNOUNCES LAUNCH OF PRIMO PLUS™ ALKALINE WATER

TAMPA, Fla., Jan. 18, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that the Company will release its fourth quarter ended January 1, 2022 and fiscal year 2021 financial results before the markets open on Thursday, February 24, 2022.

PRIMO WATER CORPORATION ANNOUNCES DATE FOR FOURTH QUARTER AND FISCAL YEAR 2021 EARNINGS RELEASE AND CONFERENCE CALL

Primo Water outlines an impressive set of financial targets heading into fiscal 2024. Encouraging progress on the product pipeline and overall ESG initiatives should also support the medium to longer-term strategy.

Primo Water: On Track For A Longer-Term Transformation

TAMPA, Fla., Jan. 5, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that it has acquired Sip-Well NV, the leading distributor of water solutions in Belgium ("SipWell").

PRIMO WATER CORPORATION ANNOUNCES ACQUISITION OF SIPWELL IN BELGIUM

TAMPA, Fla., Jan. 4, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that Primo Water North America ("PWNA"), a wholly-owned subsidiary of Primo, has acquired two water businesses in North America, both of which are leading independent distributors of Primo's Mountain Valley® premium water brand: PWNA has acquired substantially all of the assets of Clear Mountain Refreshment Services, dba Premium Refreshment Service, headquartered in Little Rock, Arkansas.

PRIMO WATER CORPORATION ANNOUNCES ACQUISITIONS IN NORTH AMERICA

TAMPA, Fla., Nov. 22, 2021 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, announces that SCS Global Services (SCS), a global leader in third-party certification of sustainability performance, confirmed that its Mountain Valley site in Arkansas and its Georgia Mountain site, in Fannin County Georgia, have achieved certification based on an independent, in-depth assessment.

Primo Water Announces Alliance for Water Stewardship Certification for its Mountain Valley and Georgia Mountain Sites

TAMPA, Fla., Nov. 17, 2021 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today released details during its virtual investor day regarding its 2024 organic growth outlook, along with a proposed multi-year step-up in its dividend payout: High single digit revenue growth Adjusted EBITDA of $500 million to $525 million dollars Adjusted EBITDA margin building to the high 21% range, driven by investment in efficiencies, increased scale, and density, and an expected 100-basis point benefit from exiting the Company's North America single-use plastic bottled water retail business Adjusted EPS of $1.10 to $1.20 per share A net leverage ratio of between 2.0 and 2.5 times net debt to adjusted EBITDA Return on invested capital of more than 12% The company also announced a multi-year step-up in its dividend payout with an increased quarterly dividend of $0.01 per share in each of 2022, 2023 and 2024.

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