Company Overview - Primo Water Corporation is a leading provider of sustainable drinking water solutions in North America, focusing on promoting a healthier lifestyle while reducing plastic waste and pollution [3][4]. - The company operates under a recurring revenue model primarily in the large format water category, offering innovative water dispensers sold through approximately 11,200 retail locations and online [5]. Financial Results Announcement - Primo Water will release its second quarter financial results for the period ended June 29, 2024, before the markets open on August 8, 2024 [4]. - A conference call will be held on the same day at 10:00 a.m. Eastern Time, which will be webcasted and archived for later playback [5][6]. Business Operations - The company's revenue model includes three main business segments: Water Direct, Water Exchange, and Water Refill [5]. - Water Direct provides sustainable hydration solutions directly to customers, while Water Exchange allows customers to purchase pre-filled bottles and exchange empty ones at retail locations [5]. - Water Refill offers self-service refill stations available at approximately 23,500 locations across North America [5].

Click here for more information https://monteverdelaw.com/case/primo-water-corporation-2/. It is free and there is no cost or obligation to you. 1. Do you file class actions and go to Court? 2. When was the last time you recovered money for shareholders? 3. What cases did you recover money in and how much? Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in tri ...

Investors might want to bet on Primo (PRMW) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. As such, the Zacks rating upgrade for Primo is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Primo imply an improvement ...

MILWAUKEE, June 18, 2024 /PRNewswire/ -- Ademi LLP is investigating Primo Water (NYSE: PRMW) (TSX: PRMW) for possible breaches of fiduciary duty and other violations of law in its transaction with BlueTriton. Click here to learn how to join the https://www.ademilaw.com/case/primo-water-corporation-0 or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Primo Water shareholders will exchange their shares into shares of a new holding company. Upon closing of ...

Core Viewpoint - Rowley Law PLLC is investigating potential securities law violations by Primo Water Corporation and its board of directors regarding the proposed acquisition by an affiliate of BlueTriton Brands, Inc. [3] Group 1: Acquisition Details - The proposed acquisition will result in Primo Water stockholders owning approximately 43% of the combined company [3] - The transaction is expected to close in the first half of 2025 [3] Group 2: Legal Representation - Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation [4]

Key Takeaways Shares of bottled water company Primo Water (PRMW) jumped Monday after the company announced plans to merge with BlueTriton, which owns brands like Arrowhead, Deer Park, and Poland Spring. Primo also owns a number of bottled water brands like Mountain Valley and Crystal Springs, and sells other water-related products like water coolers and filters. Primo To Pay Special Dividend Prior To Closing The companies said the newly formed entity plans to continue paying Primo's previous quarterly divid ...

Transformative all-stock transaction expected to present an estimated $200 million in run-rate cost synergies Increased presence, leading portfolio of iconic brands, diversified product offerings and enhanced distribution capabilities position the combined company for sustained long-term growth TAMPA, Fla. and STAMFORD, Conn., June 17, 2024 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) ("Primo Water") and an affiliate of BlueTriton Brands, Inc. ("BlueTriton") today announced the entry into ...

Core Viewpoint - Primo Water Corporation (PRMW) is positioned as a strong investment opportunity in the utility sector due to rising earnings estimates, stable return on equity (ROE), and growth prospects driven by organic customer base growth and increasing water demand [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for 2024 and 2025 EPS has increased by 7.9% to 95 cents and by 2.8% to $1.10, respectively, over the past 60 days [2] - The long-term earnings growth rate for Primo Water is projected at 15.5% over the next three to five years [2] Dividend & Share Repurchase - In February 2024, Primo Water announced a quarterly dividend of 9 cents per share, marking a 12.5% increase from the previous 8 cents, resulting in an annual dividend of 36 cents [3] - The current dividend yield stands at 1.62%, slightly above the Zacks S&P 500 composite yield of 1.61% [3] - The company repurchased shares worth $89 million from 2021 to 2023 and plans to buy back shares worth $73 million in 2024 [4] Return on Equity - Primo Water's ROE is currently at 10.3%, surpassing the sector average of 9.31%, indicating more effective utilization of funds compared to peers in the utility sector [5] Investments - The company has consistently invested in strengthening its infrastructure, with $437.7 million invested from 2021 to 2023 and plans to invest $153.4 million in 2024 [6] Solvency & Liquidity - The times interest earned (TIE) ratio at the end of Q1 2024 was 2.8, indicating the company can meet its interest payment obligations without issues [7] - The current ratio at the end of Q1 was 2.014, significantly higher than the industry average of 1.15, demonstrating the ability to meet future short-term liabilities [7] Price Performance - Over the past year, Primo Water's stock has returned 72.7%, in contrast to a 5.3% decline in the industry [8]

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Company Participants Jon Kathol - Vice President-Investor Relations Robbert Rietbroek - Chief Executive Officer David Hass - Chief Financial Officer Good morning. My name is Joanna, and I will be your conference operator today. At this time, I would like to welcome everyone to the Primo Water Corporation's First Quarter 2024 Earnings Conference Call. [Operator Instructions] Jon Kathol Welcome to Primo Water Corporation's first quarter 2024 earnings conference call. All participants are currently in listen-o ...