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.
On July 18, 2022, Primo Water Corporation (NYSE: PRMW) announced the acquisition of Highland Mountain Water in Atlanta, Georgia. This strategic move enhances Primo's distribution of its Mountain Valley® premium water brand, adding over 2,500 customers and a service area covering 4 million residents. CEO Tom Harrington emphasized the alignment of this acquisition with the company's mission to provide sustainable hydration solutions. With approximately $2.1 billion in annual revenue, Primo continues to focus on expanding market reach and improving customer service.
Primo Water Corporation (NYSE: PRMW) has published its inaugural Environmental, Social and Governance (ESG) report, detailing its commitment to sustainability and carbon neutrality. Key initiatives include investments in cleaner transportation and exiting the retail single-use plastics business in North America. The company aims for continuous improvement in ESG reporting, which will include third-party verified GHG emissions and life cycle assessments. Primo generates approximately $2.1 billion in annual revenue and operates with a recurring revenue model through its innovative water solutions across 21 countries.
Primo Water Corporation (NYSE: PRMW) has announced its second quarter financial results will be released on August 11, 2022, before market opening. The company, a leader in sustainable drinking water solutions, will also host a conference call at 10:00 a.m. ET on the same day to discuss the results, including a Q&A session. With an annual revenue of approximately $2.1 billion, Primo operates a recurring revenue model through water dispensers and delivery services across 21 countries. The firm emphasizes sustainability and consumer access to purified water.
Primo Water Corporation (NYSE: PRMW) has announced its participation in the 2022 Jefferies Consumer Conference from June 20-22, 2022. CEO Tom Harrington will present a fireside chat on June 20 at 8:00 a.m. Eastern Time, which will be webcast and available for replay on the company's investor relations website for 30 days. The company, a leader in sustainable drinking water solutions across North America and Europe, generates approximately $2.1 billion in annual revenue through its innovative water dispensers and various water delivery services.
On May 19, 2022, Primo Water Corporation (NYSE: PRMW) announced its upcoming presentation at the 2022 RBC Capital Markets Global Consumer & Retail Conference scheduled for June 2, 2022, at 8:40 a.m. Eastern Time. This webcast will be available through the investor relations section of their website and will be archived for two weeks. Primo operates under a recurring revenue model, generating approximately $2.1 billion annually by offering innovative water dispensers and sustainable hydration solutions across North America and Europe, promoting healthier lifestyles while reducing plastic waste.
Primo Water Corporation (PRMW) reported a 10% revenue increase to $526 million for Q1 2022, fueled by strong customer demand and pricing actions. Adjusted EBITDA rose 15% to $88 million, with a margin of 16.7%. The company expects 9%-10% revenue growth and $410-$420 million in Adjusted EBITDA for the full year. Net loss improved to $7 million from $10 million year-over-year. Additionally, Primo plans to exit its small Russia operations, impacting $14 million in 2021 revenue. The company maintains a positive long-term outlook with projected Adjusted EBITDA nearing $525 million for 2024.
On May 10, 2022, Primo Water Corporation held its annual meeting, where all director nominees were successfully elected. Notable voting results include Britta Bomhard receiving 99.18% of votes and Susan E. Cates receiving 99.82%. Eric Rosenfeld had the lowest support with 72.45%. The election reflects strong shareholder confidence in the current board. Primo Water operates with a revenue of approximately $2.1 billion and offers sustainable water solutions across 22 countries, contributing to reduced plastic waste and promoting healthier lifestyles.
Primo Water Corporation (NYSE: PRMW) declared a quarterly dividend of US$0.07 per share, payable on June 22, 2022, to shareholders of record as of June 10, 2022. As a leading provider of sustainable drinking water solutions in North America and Europe, Primo generates approximately $2.1 billion in annual revenue, utilizing a recurring razor/razorblade revenue model. Their offerings include Water Direct delivery, Water Exchange, and Water Refill services, promoting access to purified water while reducing plastic waste.
Primo Water Corporation (NYSE: PRMW) announced the release of its first quarter financial results for the period ending April 2, 2022, scheduled for May 12, 2022. A conference call will follow on the same day at 10:00 a.m. ET, accessible via phone or a webcast on the company’s website. Additionally, the company will hold its 2022 Annual Meeting of Shareowners virtually on May 10, 2022, at 8:00 a.m. ET, where shareholders will vote on financial statements and directors. Primo is a leading provider of water solutions, generating approximately $2.1 billion in annual revenue.
Primo Water Corporation (NYSE: PRMW) will present at the 2022 Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at approximately 4:00 p.m. Eastern Time. The event will be webcast via the investor relations section of their website and archived for two weeks. As a leader in sustainable drinking water solutions in North America and Europe, Primo generates approximately $2.1 billion in annual revenue. Their innovative water dispensers and services promote sustainable hydration and reduce plastic waste.