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Primo Water Corporation - PRMW STOCK NEWS

Welcome to our dedicated news page for Primo Water Corporation (Ticker: PRMW), a resource for investors and traders seeking the latest updates and insights on Primo Water Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Primo Water Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Primo Water Corporation's position in the market.

News
Primo Water Announces Date for First Quarter 2024 Earnings Release and Details Relating to the 2024 Annual and Special Meeting of Shareowners
Rhea-AI Summary
Primo Water (PRMW) announced the release of its first-quarter financial results on March 30, 2024, scheduled for May 9, 2024. The company will host a conference call and webcast for shareholders. The 2024 Annual and Special Meeting of Shareowners will be held virtually on May 8, 2024, where various company matters will be discussed and voted upon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
earnings
-
News
Primo Water To Present At The 27th Annual CIBC Retail And Consumer Conference
Rhea-AI Summary
Primo Water (PRMW) to Present at 27th Annual CIBC Retail and Consumer Conference. CEO and CFO to Discuss Company's Sustainable Water Solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
Tags
conferences
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News
Primo Water To Present At The Raymond James 45th Annual Institutional Investors Conference
Rhea-AI Summary
Primo Water Corporation (PRMW) to present at the 2024 Raymond James 45th Annual Institutional Investors Conference. CEO and CFO to speak on sustainable drinking water solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
conferences
News
Primo Water Reports Full-Year And Fourth Quarter 2023 Results
Rhea-AI Summary
Primo Water Corporation (PRMW) reports strong year-over-year growth in revenue, net income, adjusted EBITDA, margins, and adjusted free cash flow. The company completes the sale of a significant portion of its international businesses for $575 million. A new CEO, Robbert Rietbroek, takes over successfully. Primo Water issues optimistic revenue, adjusted EBITDA, and free cash flow guidance for the first quarter and full year 2024, along with a 13% increase in quarterly dividend. The company aims to use proceeds for growth, debt reduction, and shareholder returns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
earnings
-
News
Primo Water Announces Date for Fourth Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Primo Water Corporation (PRMW) will release its fourth-quarter financial results on February 22, 2024. The company will host a conference call and webcast to discuss the results, providing an opportunity for investors to participate and ask questions. The webcast will be available for playback on the company's website for two weeks after the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
earnings
-
News
Primo Water Announces Closing of the Sale of Signifigant Portion of Its International Business
Rhea-AI Summary
Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) announced the completion of the sale of a significant portion of its International businesses for $575 million, excluding the Aimia Foods, United Kingdom, Portugal, and Israel businesses. The company will focus on its core North American water business, improving its financial profile and achieving 2024 targets. Additionally, Robbert Rietbroek joined as the new CEO and was appointed to the Board of Directors, receiving an inducement equity award of 232,558 restricted share units.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
none
News
PRIMO WATER ANNOUNCES APPOINTMENT OF ROBBERT RIETBROEK AS CEO
Rhea-AI Summary
Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) appoints Robbert Rietbroek as Chief Executive Officer and to the Board of Directors, effective January 1, 2024. Mr. Rietbroek brings over 25 years of experience at Fortune 500 companies, including PepsiCo and Kimberly-Clark. He will receive a $3.5 million grant of restricted share units as a material inducement to his hiring.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.41%
Tags
management
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News
PRIMO WATER ANNOUNCES STRONG THIRD QUARTER 2023 RESULTS AND INCREASES ANNUAL ADJUSTED FREE CASH FLOW GUIDANCE
Rhea-AI Summary
Primo Water Corporation (NYSE: PRMW) announced its Q3 2023 results, reporting a revenue of $622 million, a 6% increase compared to the previous year. Net income increased by $32 million to $33 million, and adjusted EBITDA increased by 21% to $141 million, with a record margin of 22.7%. The company reaffirmed its full-year 2023 revenue and adjusted EBITDA outlook and increased its adjusted free cash flow guidance by $10 million to approximately $160 million. Primo Water also announced the sale of a significant portion of its international businesses for up to $575 million in an all-cash transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.02%
Tags
earnings
-
News
PRIMO WATER ENTERS INTO AGREEMENT TO SELL SIGNIFICANT PORTION OF ITS INTERNATIONAL BUSINESSES FOR UP TO $575 MILLION IN CASH
Rhea-AI Summary
Primo Water Corporation has entered into an agreement with Culligan International for the sale of a significant portion of its international businesses in an all-cash transaction valued at up to $575 million. The transaction excludes certain businesses, which will be sold across 2024. The agreement allows Primo Water to focus on its North America market and use the proceeds to drive organic growth, reduce leverage, pursue mergers and acquisitions, and return capital to shareholders. The company expects an improved financial profile and believes shareholders will benefit from the transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.02%
Tags
none
News
PRIMO WATER ANNOUNCES DATE FOR THIRD QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL
Rhea-AI Summary
Primo Water Corporation to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
earnings
Stock PRMW logo
Primo Water Corporation

NYSE:PRMW

PRMW Rankings

#1576 Ranked by Market Cap
#2765 Ranked by Stock Gains
#1413 Ranked by Dividends

PRMW Stock Data

2.83B
155.08M
3.06%
90.92%
1.63%
Soft Drink Manufacturing
Manufacturing
Link
Canada
Mississauga

About PRMW

primo water corporation (nasdaq: prmw) was founded in 2004 by billy prim, a successful entrepreneur and the founder of blue rhino, the market leader in propane grill cylinder exchange. using the blue rhino model, billy created primo water as a way to offer consumers innovative, stylish water dispensers for the home and office, as well as clean, affordable and convenient options for great tasting, premium water without creating waste in the environment. primo water corporation is north america's leading single source provider of multi-gallon purified bottled water, self-service refill water and water dispensers sold through major retailers throughout the united states and canada. as the only company that offers all three bulk water sub categories – dispensers, exchange and refill – primo water owns a seventy-five percent market share in water dispensers and over ninety percent in its water businesses. primo is an environmentally and ethically responsible company with a mission to inspir