Welcome to our dedicated page for Primo Water Corporation news (Ticker: PRMW), a resource for investors and traders seeking the latest updates and insights on Primo Water Corporation stock.
News and updates for Primo Water Corporation (NYSE: PRMW; TSX: PRMW) focus on its role as a North America-focused pure-play water solutions provider and its transition into the combined Primo Brands Corporation. Company announcements regularly cover financial results, strategic transactions, and developments in its large format water and healthy hydration business.
Investors following PRMW-related news can expect coverage of quarterly earnings releases, where Primo Water reports revenue, margins, adjusted EBITDA, and free cash flow from continuing operations. These releases often include commentary on performance across its Water Direct, Water Exchange, and Water Refill channels, as well as updates on its water dispensers and filtration offerings across North America.
Another major theme in recent news is the all-stock business combination between Primo Water and an affiliate of BlueTriton Brands, Inc. News items describe regulatory milestones, shareowner approvals, court approvals, and the closing of the transaction that created Primo Brands Corporation. They also outline the expected transition of trading from PRMW to the new NYSE ticker PRMB and provide details on dividends associated with the transaction.
In addition, company releases highlight Primo Water’s and Primo Brands’ focus on sustainable, reusable packaging, water stewardship, and partnerships with organizations such as the International Bottled Water Association in North America. For readers tracking PRMW, this news feed offers a centralized view of historical and transitional information as Primo Water becomes part of the broader Primo Brands platform.
Primo Water Corporation (NYSE: PRMW) announced a private placement offering of $750 million in senior notes, maturing on April 30, 2029, with a 4.375% interest rate payable semi-annually. The net proceeds will be used to redeem its outstanding 2025 Notes, along with related premiums and fees. The offering is exempt from registration under the Securities Act and available to qualified institutional buyers and non-U.S. persons. Primo Water provides innovative water solutions across North America, Europe, and Israel, generating around $2 billion in annual revenue.
Primo Water Corporation (NYSE: PRMW) announced that it expects to achieve its targeted financial results for Q1 2021, forecasting revenue between $455 million and $485 million and Adjusted EBITDA between $70 million and $75 million. The company operates a strong water solutions business across North America and Europe, focusing on a recurring revenue model with water dispensers and delivery services. Primo generates approximately $2.0 billion in annual revenue and is committed to sustainability and consumer health.
On April 21, 2021, Primo Water Corporation (NYSE: PRMW) announced its intention to offer $750 million in senior notes due 2029 through its subsidiary, Primo Water Holdings Inc. This private offering is aimed at qualified institutional buyers and will be used to redeem all outstanding 2025 Notes along with associated costs. The notes will be guaranteed by Primo and certain subsidiaries and are subject to market conditions. Primo operates across 21 countries, generating approximately $2.0 billion in annual revenue through its water solutions.
Primo Water Corporation (NYSE: PRMW) will announce its first-quarter financial results for the period ending April 3, 2021, before the market opens on May 6, 2021. A conference call will follow at 10:00 a.m. ET, allowing for shareholder interaction. Additionally, Primo will hold its 2021 Annual and Special Meeting of Shareowners virtually on May 4, 2021, focusing on key governance matters, including financial statements and executive compensation. The company, generating approximately $2 billion in annual revenue, is a leading provider of water solutions in North America and Europe.
Primo Water Corporation (NYSE: PRMW) announced its participation in the Raymond James Institutional Investors Conference on March 3, 2021, at 3:00 p.m. Eastern Time. The presentation will be available via webcast on the company's investor relations website and archived for two weeks post-event. As a top provider of water solutions, Primo generates approximately $2.0 billion in annual revenue, offering services across North America and Europe. The company's innovative water dispensers and delivery services promote sustainability and healthier lifestyles.
Primo Water Corporation (NYSE: PRMW) reported a 15% increase in Q4 revenue, totaling $505 million, and an 8% increase in gross profit to $282 million. Although the company faced a net loss of $20 million, adjusted net income rose to $23 million, with adjusted EBITDA growing 36% to $98 million. The company's performance was bolstered by strong demand from residential customers and the legacy Primo acquisition. Looking ahead, Primo forecasts 2021 revenue of $455-$485 million and adjusted EBITDA between $370-$380 million.
Primo Water Corporation (NYSE: PRMW) has declared a quarterly dividend of US$0.06 per share, payable on March 29, 2021, to shareholders of record by March 12, 2021. The company, a leader in water solutions across North America and Europe, generates approximately $2.0 billion in annual revenue through a recurring revenue model. Its offerings include water dispensers, delivery services, and refill stations, promoting sustainable hydration and reducing plastic waste.
Primo Water Corporation (NYSE: PRMW) announced that its subsidiary, Primo Water North America, received a Gold Seal Certification from the Water Quality Association for its PureFlo® Bright + Carbon filtration unit. This IoT-enabled product continuously monitors performance and water consumption, certified for a 5,000 gallons drinking water capacity. The Gold Seal ensures product safety and compliance with rigorous industry standards. President Dave Muscato emphasized the certification's role in demonstrating the company's commitment to quality water solutions and enhancing customer experience.
Primo Water Corporation (NYSE:PRMW) announced its fourth quarter and fiscal year 2020 financial results will be released on February 25, 2021, before market open. The company will host a conference call at 10:00 AM ET the same day, allowing stakeholders to engage during a Q&A session. Primo generates approximately $2.1 billion in annual revenue through its water delivery services and innovative dispensers, operating in 21 countries. Its model focuses on sustainable hydration solutions while promoting health and reducing plastic waste.
Primo Water Corporation (NYSE: PRMW) announced its Wekiva Spring site in Florida has achieved Alliance for Water Stewardship (AWS) certification, confirming adherence to responsible water stewardship standards. This follows the certification of its Diamond Spring site in Pennsylvania in December 2020. The AWS certification underscores Primo's commitment to sustainable water management, covering governance, water balance, quality, and hygiene. CEO Tom Harrington stated plans to certify spring sources in Georgia and Arkansas in 2021, aiming for complete certification by the end of 2022.
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