Primo Brands Stock Price, News & Analysis

Primo Brands Corporation (NYSE: PRMB) announced its participation in the BMO Global Farm to Market Conference. CEO Robbert Rietbroek and CFO David Hass will engage in a fireside chat on Wednesday, May 14, 2025, at 9:30 a.m. Eastern Time. The session will be accessible via webcast through Primo's investor relations website at ir.primobrands.com, with replay availability after the event. The company also highlighted that it utilizes its investor relations website section as the primary channel for distributing key investor information, including potentially material and previously non-public information.

Primo Brands Corporation (NYSE: PRMB) has announced a significant secondary offering where affiliates of One Rock Capital Partners plan to sell 47,500,000 shares of Class A common stock. The offering will be underwritten by BofA Securities and Morgan Stanley, with shares being sold through various market channels at prevailing market prices.

Concurrent with this offering, Primo Brands will execute a $100 million share repurchase from the selling stockholders at the public offering price minus underwriting discounts. The repurchased shares will be retired upon completion of the transaction. While the share repurchase is contingent on the offering's completion, the offering itself is not dependent on the repurchase transaction.

Primo Brands (NYSE: PRMB) reported strong Q1 2025 results, with net sales increasing 42.1% to $1.6 billion compared to Q1 2024. The company achieved a net income of $34.7 million ($0.09 per diluted share) and Adjusted EBITDA of $341.5 million, up 56.9% year-over-year. Adjusted EBITDA margin expanded by 200 basis points to 21.2%. The company is on track to realize $200 million in cost synergies by 2025, with an additional $100 million expected in 2026. The Board declared a quarterly dividend of $0.10 per share, payable on June 17, 2025. Management highlighted their resilient business model, focusing on domestic manufacturing efficiency and cost control, while reaffirming their full-year 2025 guidance for Net Sales, Adjusted EBITDA, and Adjusted Free Cash Flow.

Primo Brands Corporation (NYSE: PRMB) has announced a quarterly dividend payment. The company's Board of Directors has declared a cash dividend of $0.10 per share on common shares. The dividend will be paid on June 17, 2025, to shareholders who are on record as of the close of business on June 6, 2025.

Splash Refresher™ launches its new 'Besties' campaign featuring Hollywood stars Anna Kendrick and Rebel Wilson to promote their new line of sparkling beverages. The campaign showcases the actresses' real-life friendship through a national 30-second spot, celebrating healthy hydration with zero sugar alternatives.

The new Splash Refresher™ Sparkling Beverage line features four flavors available nationwide:

• Kiwi Watermelon
• Rocket Freeze (blue raspberry, cherry, and lime)
• Blood Orange
• Black Cherry

All varieties contain zero sugar, zero calories, and zero colors, offering a flavorful alternative to plain water. The launch represents a significant expansion for the brand, now offering both still and sparkling options.

Primo Brands (NYSE: PRMB) has announced a four-year partnership with The Ocean Cleanup to support cleanup efforts in Los Angeles County. The collaboration includes supporting the Interceptor™ 007 project in Ballona Creek and new initiatives to reduce ocean plastic pollution.

The partnership builds on Primo's sustainability achievements, including a recently completed nine-year project with Cucamonga Valley Water District that removed agricultural contaminants from groundwater. As a leader in reuse and refill beverage packaging, Primo operates the largest multi-serve and reuse packaging network through three- and five-gallon reusable bottles delivered to homes, offices, and retailers.

The Ocean Cleanup has already removed millions of kilograms of plastic pollution globally. This new partnership will enable expanded deployment, research, and operation of cleanup systems in California's waterways.

Primo Brands (NYSE: PRMB) has scheduled its first quarter 2025 earnings release and conference call. The company will announce its financial results for the quarter ended March 31, 2025, before markets open on Thursday, May 8, 2025.

The earnings conference call will be held at 10:00 a.m. ET on the same day, featuring a management presentation followed by a Q&A session. Participants can join via North America (888-510-2154) or International (437-900-0527) dial-in numbers using Conference ID: 62685.

A live audio webcast will be available through the company's investor relations website at ir.primobrands.com, with a recording archived for later playback.

Primo Brands has announced its portfolio of regional spring water and national purified water brands as the Official Water of Major League Baseball. The partnership includes Arrowhead, Deer Park, Ice Mountain, Ozarka spring waters and Pure Life purified water.

The campaign features MLB stars Fernando Tatis Jr., Elly de la Cruz, Yordan Alvarez, and Austin Riley who will participate in exclusive content, local activations, and community give-back initiatives throughout the season. The activation will run from Opening Day through the World Series, including the All-Star Game.

Each athlete will represent specific brands: de la Cruz partners with Pure Life and Ice Mountain, Riley with Deer Park, Alvarez with Ozarka, and Tatis Jr. with Arrowhead. The campaign, developed by Primo Brands' in-house creative agency The Lab, will include social media content, fan interactions, and local programs focusing on community engagement and healthy hydration awareness.

Primo Brands (NYSE: PRMB) has announced the pricing of a secondary public offering of 45,000,000 shares of Class A common stock by an affiliate of One Rock Capital Partners (the Selling Stockholder) at $29.50 per share. Additionally, Primo Brands will purchase 4,000,000 shares from the underwriters at the same price paid to the Selling Stockholder.

The offering is expected to close on March 12, 2025. The Selling Stockholder has granted underwriters a 30-day option to purchase up to 6,750,000 additional shares. Morgan Stanley and BofA Securities are leading the offering as joint book-running managers, with several other financial institutions participating in various roles.

The Selling Stockholder will receive all net proceeds from the offering, with no shares being sold by the Company directly. The offering will be conducted through a shelf registration statement on Form S-1 that has been declared effective by the SEC.