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 the acquisition of Mountain Glacier LLC's assets, enhancing its water services in Texas and Tennessee. This acquisition expands Primo's customer base by over 2,500 and includes Mountain Glacier's filtration business, a focus for future growth. Customers in Nashville will receive Crystal Spring® and in Harlingen will enjoy Sparkletts®, both aligned with Primo’s brand. With annual revenues around $2.1 billion, Primo aims to improve customer service and product offerings in the hydration market.
Primo Water Corporation (NYSE: PRMW) announced its participation in the virtual 2020 Canaccord Genuity Growth Conference on August 12, 2020, starting at 4:00 p.m. Eastern Time. The presentation will be available via webcast on Primo's investor relations website and archived for two weeks. With around $2.1 billion in annual revenue, Primo is a major provider of water solutions across North America, Europe, and Israel, utilizing a recurring revenue model. The company emphasizes sustainability and consumer access to purified water.
Primo Water Corporation (PRMW) reported its Q2 2020 results with a 1% revenue increase to $457 million, driven by residential customer growth despite challenges from COVID-19. The company faced a $115 million impairment charge, resulting in a net loss of $132 million or $0.82 per share. Adjusted EBITDA rose 10% to $83 million, reflecting improved margins. North America saw a 13% revenue increase to $364 million, while the Rest of World segment experienced a 30% revenue decline. The company anticipates Q3 revenue between $480-$500 million and adjusted EBITDA of $100-$105 million.
Primo Water Corporation (NYSE: PRMW) declared a quarterly dividend of US$0.06 per share on August 5, 2020, payable on September 2, 2020, to shareholders of record by the close of business on August 19, 2020. The company, generating approximately $2.1 billion in annual revenue, is a leading provider of drinking water solutions in North America and Europe. Its business model leverages both direct delivery and refill services, emphasizing sustainability and consumer health.
Primo Water Corporation (NYSE: PRMW) will release its second quarter financial results for the period ending June 27, 2020, on August 6, 2020, before the markets open. A conference call, featuring a presentation and a Q&A session, is scheduled for the same day at 10:00 a.m. ET. The company generates approximately $2.1 billion in annual revenue, primarily through its recurring revenue model, which includes water dispensers and delivery services across North America and Europe. The firm emphasizes sustainability and consumer access to purified water.
Primo Water Corporation (NYSE: PRMW) has revised its revenue and adjusted EBITDA forecast for the first half of 2020, increasing consolidated revenue expectations to approximately $915 to $935 million and adjusted EBITDA to about $140 to $145 million, up from previous estimates. The company has also repaid $100 million of its $170 million drawn from its revolving credit facility, maintaining $264 million in liquidity. CEO Tom Harrington expressed confidence in the company's position to capitalize on growth opportunities within the water category.
Primo Water Corporation (NYSE: PRMW) will be included in the Russell 3000® Index, effective June 29, 2020. This milestone is expected to enhance the company's visibility in the investment community, as stated by CEO Tom Harrington. The Russell 3000® Index includes the largest US stocks and serves as a benchmark for index funds, with approximately $9 trillion in assets tied to it. Primo generates around $2.1 billion in annual revenue through its unique water solutions and services across North America and Europe, emphasizing its commitment to sustainability and consumer health.