Primo (PRMW) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this maker of pure-play water solutions would post earnings of $0.25 per share when it actually produced earnings of $0.26, delivering a surprise of 4%.Over the last four quarters, ...

Closing expected to occur on or about Friday, November 8, 2024Combined company name announced as "Primo Brands Corporation"Trading on the NYSE as "PRMB" expected on November 11TAMPA, Fla. and STAMFORD, Conn., Nov. 4, 2024 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced that at the special meeting of shareowners (the "Special Meeting") held earlier today, the Company' ...

TAMPA, Fla. and STAMFORD, Conn., Oct. 21, 2024 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) ("Primo Water" or the "Company") today announced the date for its third quarter 2024 earnings release, as well as details related to the Special Meeting of Shareowners in connection with the previously announced proposed business combination in an all-stock transaction (the "Transaction") between Primo Water and BlueTriton Brands, Inc. ("BlueTriton").Earnings Conference Call:The Company will releas ...

TAMPA, Fla. and STAMFORD, Conn., Oct. 15, 2024 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) ("Primo Water") today announced that its Board of Directors declared a special dividend of US$0.82 per share on its common shares, payable in cash on November 21, 2024 to shareowners of record at the close of business on November 5, 2024, in connection with the previously announced all-stock combination ("Transaction") of Primo Water and BlueTriton Brands, Inc. ("BlueTriton"). Additional informatio ...

TAMPA, Fla. and STAMFORD, Conn., Sept. 27, 2024 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) ("Primo Water") and an affiliate of BlueTriton Brands, Inc. ("BlueTriton") today announced receipt of regulatory approval under the Investment Canada Act ("ICA"), in connection with the previously announced all-stock combination of Primo Water and BlueTriton (the "Transaction"). The approval under the ICA is one of the regulatory approval conditions necessary for completion of the Transaction and ...

Core Insights - Primo Water Corporation released its 2023 Sustainability report, highlighting significant progress in its sustainability initiatives and commitment to environmental goals [1][2] Sustainability Achievements - Conducted over 240,000 annual quality control analyses and tests across various operational aspects [2] - Saved over 6 million gallons of water following the installation of a new high-efficiency line in the Los Angeles plant [3] - Delivered over 130,000 training hours for employees, achieving a 47% reduction in plant injuries [3] - Increased supplier diversity spending by 140% [3] - Achieved a 25% reduction in CO2 emissions compared to the baseline year and received CarbonNeutral certification [3][5] - Advanced its low-carbon fleet, with 14% of the North American beverage route truck fleet now powered by propane [3] Operational Efficiency - Reduced 2.4 million miles driven since 2021 through Automatic Route Optimization (ARO) [4] - Donated over $1 million through product donations, community giving, and in-kind engagement [4] Reporting Standards - The 2023 ESG report is aligned with Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) standards, and United Nations Sustainable Development Goals (SDGs) [4] Business Model - Primo Water operates under a recurring revenue model in the large format water category, focusing on innovative water dispensers sold through approximately 11,350 retail locations [6] - The company’s offerings include Water Direct, Water Exchange, and Water Refill, promoting sustainable hydration solutions [6][7] - The company aims to expand consumer access to purified, spring, and mineral water while reducing plastic waste [8]

Core Viewpoint - Primo Water Corp is positioned as an attractive investment opportunity in the water sector, particularly following its strategic divestiture of European operations and focus on North America, which has strengthened its financial position and growth potential [2][4]. Company Overview - Primo Water is a US-based company specializing in multi-gallon bottled water services, including dispensers and refill machines, with a significant presence in the US, Canada, and Israel [3]. - The company reported revenues of approximately $1.77 billion and an adjusted EBITDA of $380 million, reflecting a robust EBITDA margin of 21.5% [3]. Financial Performance - Following the divestiture, Primo Water has over $500 million on its balance sheet and has initiated a $75 million share repurchase program [2]. - The company has achieved a 10-year EPS growth rate of 18% and is expected to continue growing at double-digit rates [4]. Merger with BlueTriton - The proposed merger with BlueTriton is expected to create a combined entity with net revenues exceeding $6.5 billion and an EBITDA margin of 23%, enhancing market competitiveness [5][6]. - The merger is structured as an all-stock transaction, with existing shareholders of Primo expected to own 43% of the new company [6]. Market Potential - The US bottled water market is valued at approximately $25 billion, presenting significant growth opportunities for the combined company [7]. - The merger is anticipated to generate synergies of over $200 million, further bolstering financial performance [5]. Valuation and Investment Thesis - The company is considered undervalued, with a potential price target of around $27 based on a conservative 25x P/E ratio for 2025 [8]. - The expected annualized growth rate for the combined entity is projected to be between 15% to 20% over the next few years, indicating strong upside potential [7][8].

Group 1 - Monteverde & Associates PC is investigating Primo Water Corporation regarding its proposed merger with Triton US HoldCo, Inc., where Primo Water shareholders are expected to own 43% of the combined company [1] - Monteverde & Associates PC has been recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report, indicating its successful track record in recovering money for shareholders [1][2] - The firm operates from the Empire State Building in New York City and has a national presence in class action securities litigation [2] Group 2 - The firm encourages shareholders with concerns about the merger or other issues to contact them for additional information free of charge [3] - Contact information for Juan Monteverde, Esq. is provided for shareholders seeking legal assistance [4]

Primo (PRMW) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 4%. A quarter ago, it was expected that this maker of pure-play water solutions would post earnings of $0.14 per share when it actually produced earnings of $0.19, delivering a surprise of 35.71%. Over the last four quarters ...

Core Viewpoint - Primo Water Corporation has declared a dividend of US$0.09 per share, payable on September 5, 2024, to shareholders of record by August 22, 2024 [1] Company Overview - Primo Water is a leading provider of sustainable drinking water solutions in North America, operating primarily under a recurring revenue model in the large format water category (3 gallons or greater) [2] - The company's business strategy is likened to a "razor-razorblade" model, where the initial sale of water dispensers creates a user base that frequently purchases complementary consumable products [2] - Primo Water's innovative water dispensers are sold through approximately 11,350 retail locations and online, enhancing household and business penetration [2] - The company's recurring revenue offerings include Water Direct, Water Exchange, and Water Refill, with Water Exchange available in about 17,950 retail locations and Water Refill at approximately 23,500 self-service stations [2] Sustainability Commitment - Primo Water aims to expand consumer access to purified, spring, and mineral water, promoting a healthier lifestyle while reducing plastic waste and pollution [3] - The company adheres to strict water stewardship standards and partners with the International Bottled Water Association (IBWA) to ensure safety, quality, sanitation, and regulatory compliance [3]