PRMB Stock - Primo Brands Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $5.15B | $4.70B | $1.69B | $2.07B | $1.95B |
| Gross Profit | $1.62B | $1.35B | $1.02B | $1.16B | $1.11B |
| Gross Margin | 31.5% | 28.8% | 60.2% | 55.8% | 57.0% |
| Operating Income | $564.40M | $422.90M | $135.40M | $125.50M | $128.00M |
| Net Income | $-16,400,000 | $92.80M | $29.60M | $-3,200,000 | $-185,400,000 |
| Net Margin | -0.3% | 2.0% | 1.7% | -0.2% | -9.5% |
| EPS | $-0.07 | $0.40 | $0.18 | $-0.02 | $-1.19 |
Primo Water Corporation provides water direct to consumers and water filtration services in North America and Europe. It offers bottled water, purified bottled water, premium spring, sparkling and flavored water, mineral water, filtration equipment, and coffee; as well as water dispensers, and self-service refill drinking water. The company offers its products under the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Nursery, Sierra Springs, Sparkletts, Clear Mountain Natural Spring Water, Earth2O, Renü, Water Event Pure Water Solutions, Canadian Springs, Labrador Source, Decantae, Eden, Eden Springs, Chateaud'eau, and Mey Eden brands. It provides its services to residential customers, small and medium-sized businesses, and regional and national corporations and retailers. The company was formerly known as Cott Corporation and changed its name to Primo Water Corporation in March 2020. Primo Water Corporation was incorporated in 1955 and is headquartered in Tampa, Florida.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 17th 2025 | Jefferies | Initiation | Hold | $23 |
| September 11th 2025 | Goldman | Initiation | Neutral | $25 |
| August 8th 2025 | Deutsche Bank | Downgrade | Hold | $26 |
| July 2nd 2025 | Morgan Stanley | Initiation | Overweight | $38 |
| June 4th 2025 | Barclays | Initiation | Overweight | $40 |
| May 28th 2025 | BofA Securities | Initiation | Buy | $42 |
| May 12th 2025 | Mizuho | Initiation | Outperform | $43 |
| April 8th 2025 | TD Securities | Resumed | Buy | $48 |
| April 4th 2025 | Truist | Initiation | Buy | $42 |
| January 6th 2025 | BMO Capital Markets | Initiation | Outperform | $40 |
| November 18th 2024 | Deutsche Bank | Resumed | Buy | $33 |
Earnings History & Surprises
PRMBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Feb 19, 2026 | $0.22 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.38 | $0.41 | +7.9% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.43 | $0.36 | -16.3% | ✗ MISS |
Q2 2025 | May 8, 2025 | $0.24 | $0.29 | +20.8% | ✓ BEAT |
Q1 2025 | Feb 20, 2025 | $0.19 | $0.13 | -31.6% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $0.30 | $0.35 | +17.6% | ✓ BEAT |
Q2 2024 | Jun 29, 2024 | $0.24 | $0.34 | +40.8% | ✓ BEAT |
Q1 2024 | Mar 31, 2024 | $0.14 | $0.16 | +10.3% | ✓ BEAT |
Q4 2023 | Dec 31, 2023 | $0.17 | $0.08 | -54.6% | ✗ MISS |
Q3 2023 | Sep 30, 2023 | $0.27 | $0.36 | +33.7% | ✓ BEAT |
Q2 2023 | Jun 30, 2023 | $0.20 | $0.18 | -8.4% | ✗ MISS |
Q1 2023 | Mar 31, 2023 | $0.08 | $0.04 | -57.5% | ✗ MISS |
Q4 2022 | Dec 31, 2022 | — | $0.36 | — | — |
Q4 2022 | Oct 1, 2022 | $0.17 | $0.01 | -95.3% | ✗ MISS |
Q3 2022 | Jul 2, 2022 | — | $-0.14 | — | — |
Q1 2022 | Mar 31, 2022 | — | $-0.04 | — | — |
Q4 2021 | Dec 31, 2021 | — | $-0.93 | — | — |
Q3 2021 | Sep 30, 2021 | — | $0.11 | — | — |
Q2 2021 | Jun 30, 2021 | — | $-0.05 | — | — |
Q1 2021 | Mar 31, 2021 | — | $-0.06 | — | — |
Latest News
JP Morgan Maintains Overweight on Primo Brands, Lowers Price Target to $21
➖ NeutralPrimo Brands Files Prospectus For Resale Of 116M Shares And Issuance Of 58,488 Option Shares
➖ NeutralMizuho Maintains Outperform on Primo Brands, Lowers Price Target to $28
➖ NeutralBarclays Maintains Overweight on Primo Brands, Lowers Price Target to $24
➖ NeutralGoldman Sachs Maintains Neutral on Primo Brands, Lowers Price Target to $18
➖ NeutralBarclays Maintains Overweight on Primo Brands, Lowers Price Target to $25
➖ NeutralPrimo Brands lifts buyback authorization, sending stock up
📈 PositivePrimo Brands Increases Share Repurchase Program Authorization By $50M Bringing Total To $300M
📈 PositiveRBC Capital Maintains Outperform on Primo Brands, Lowers Price Target to $30
➖ NeutralPrimo Brands shares are trading lower after the company reported mixed Q3 financial results and expects low-single digit net sales decline in FY25.
📉 NegativePrimo Brands Guides To Low-Single-Digit Net Sales Decline In FY25
📉 NegativePrimo Brands Announced That Its Board Of Directors Declared A Dividend Of $0.10 Per Share On The Outstanding Common Stock, Payable On December 5
📈 PositivePrimo Brands Q3 Adj. EPS $0.41 Beats $0.36 Estimate, Sales $1.766B Miss $1.768B Estimate
📈 PositivePrimo Brands Announced The Appointment Of Eric Foss As The Company's Chairman Of The Board Of Directors And Chief Executive Officer (CEO) Effective Immediately, Succeeding The Company's CEO, Robbert Rietbroek
📈 PositiveJP Morgan Maintains Overweight on Primo Brands, Lowers Price Target to $35
➖ NeutralJefferies Initiates Coverage On Primo Brands with Hold Rating, Announces Price Target of $23
➖ NeutralB of A Securities Maintains Buy on Primo Brands, Lowers Price Target to $26
➖ NeutralGoldman Sachs Initiates Coverage On Primo Brands with Neutral Rating, Announces Price Target of $25
➖ NeutralMizuho Maintains Outperform on Primo Brands, Lowers Price Target to $40
➖ NeutralFrequently Asked Questions about PRMB
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