The Allegations:Â According to the complaint, on June 17, 2024, Primo Water and Blue Triton Brands announced they had agreed to merge in a "[t]ransformative all-stock transaction" and that the combined company is expected to have "significant financial and operating leverage" and "enhanced distribution capabilities" that positioned the combined company "for sustained long-term growth." The deal closed on November 8, 2025. The complaint alleges that during the class period, defendants spoke positively about ...

Accessibility StatementSkip Navigation SAN FRANCISCO, Nov. 26, 2025 /PRNewswire/ -- A securities class action lawsuit has been filed against beverage company Primo Brands Corporation (NYSE: PRMB) in the wake of its troubled merger with BlueTriton Brands. The suit seeks to represent investors who purchased or otherwise acquired the common stock of Primo Water between June 17, 2024 and November 8, 2024. The suit also seeks to represent investors who purchased or otherwise acquired the common stock of Primo Br ...

Core Viewpoint - Primo Brands Corporation is facing a class action lawsuit due to allegations of misleading investors regarding its merger with Primo Water Corporation and Blue Triton Brands, which has resulted in significant financial repercussions for the company [3][4][5]. Company Overview - Primo Brands Corporation is described as a leading North American branded beverage company focused on healthy hydration, with products distributed across all U.S. states and Canada [1]. Class Action Details - The class action represents stockholders who acquired common stock of Primo Water Corporation between June 17, 2024, and November 8, 2024, and/or common stock of Primo Brands Corporation between November 11, 2024, and November 6, 2025 [2]. Allegations and Financial Impact - The lawsuit claims that the company misled investors about the merger's integration process, which was reportedly facing significant challenges, including technology and service issues, contrary to the positive statements made by the defendants [4][5]. - On November 6, 2025, the company announced a CEO replacement and slashed its full-year 2025 net sales and adjusted EBITDA guidance, leading to a stock price decline of $8.20 per share (over 36%), resulting in a loss of $2.0 billion in market capitalization within two trading days [6].

SAN FRANCISCO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against beverage company Primo Brands Corporation (NYSE: PRMB) in the wake of its troubled merger with BlueTriton Brands. The suit seeks to represent investors who purchased or otherwise acquired the common stock of Primo Water between June 17, 2024 and November 8, 2024. The suit also seeks to represent investors who purchased or otherwise acquired the common stock of Primo Brands between November 11, 2024 and ...

Summary of Primo Brands (PRMB) Update - August 11, 2025 Company Overview - **Company**: Primo Brands Corporation - **Industry**: Bottled Water and Beverage Industry Key Points and Arguments Operational Challenges - **Impact of Weather and Natural Disasters**: The company faced significant challenges in Q2 due to tornado damage at the Hawkins, Texas retail plant and adverse weather conditions in the Northeast, where it holds a 40% market share [2][60]. - **Merger-Related Issues**: The company closed 40 facilities in Q2, totaling 48 closures to date, as part of a restructuring effort post-merger [3][4]. This aggressive approach aimed to expedite synergy delivery but led to supply chain disruptions [4][10]. - **Workforce Reduction**: A total of 1,600 associates were laid off to prioritize speed in synergy delivery [4]. Service Levels and Recovery - **Service Restoration**: The company reported a 92% daily service rate, aiming to return to pre-merger levels of over 95% by Q4 [6][11]. Minor disruptions are expected to continue for the next 8-10 weeks [6]. - **Customer Impact**: Approximately 10-20% of customers experienced delivery issues, but the company noted resilience in customer retention, with only a slight increase in attrition [17][18]. Financial Performance - **Growth Metrics**: Despite challenges, the company reported a net growth of 11 basis points in the first half of the year and a 3% top-line growth in Q1 [3][13]. - **Churn Rate**: The company experienced a net customer loss of about 1-1.5%, equating to approximately 50,000 customers out of a 3 million user base [22][53]. - **Win-Back Campaigns**: The company is implementing win-back strategies to recover lost customers, offering discounts and free products to encourage re-engagement [56]. Market Position and Strategy - **Market Share Growth**: The company has grown its market share by 11 basis points in the first half of the year, with a 2.2% dollar share growth reported recently [3][60][61]. - **Product Portfolio**: The company offers a diverse range of products across various price points, which helps maintain competitiveness in a fluctuating market [62][63]. - **Private Label Competition**: There has been a slight increase in private label share, indicating a shift in consumer confidence [60]. Future Outlook - **Synergy Goals**: The company aims to achieve $200 million in synergies by the end of year three post-merger, with a focus on operational efficiency and cost reductions [9][92]. - **Long-Term Growth**: The company is targeting a 25% adjusted EBITDA margin by 2027 through synergies, efficiency gains, and pricing optimizations [93]. - **Innovation and Market Expansion**: The company is positioned for long-term growth with plans for innovation and market expansion beyond 2025 [94]. Additional Insights - **ERP Transition**: The transition from Oracle to SAP has not caused significant issues, although some delays were noted due to the adoption of new technology by associates [43][45]. - **Office Coffee Services**: The company has decided to discontinue its office coffee services due to declining demand and to simplify its operations [48][49]. Conclusion Primo Brands is navigating through operational challenges stemming from weather-related disruptions and merger integration issues. Despite these hurdles, the company remains optimistic about its market position, growth potential, and long-term financial targets. The focus on restoring service levels and customer engagement through win-back campaigns is critical for recovery in the upcoming quarters.

Core Insights - SR Bancorp returned to profitability in Q4 2025, reporting GAAP net income of $823,000 ($0.10 per share), a significant recovery from a GAAP net loss of $3.0 million ($0.34 per share) in Q4 2024 [1][2] - Revenue reached $7.97 million, marking a 96.7% increase year-over-year, primarily due to improved asset quality and the absence of merger-related costs from the previous year [1][2] - The net interest margin narrowed to 2.90% from 3.22%, reflecting rising funding costs and competitive pressures in the deposit market [1][7] Financial Performance - Net income increased by $3.9 million compared to the prior year, driven by the completion of merger-related restructuring and normalization of taxes and credit provisions [5] - Adjusted net income (Non-GAAP) was $515,000, compared to a loss of $499,000 in the previous year [2][5] - Total deposits rose to $846.0 million, a 4.8% increase from $807.1 million in Q4 2024 [2][7] Business Overview - SR Bancorp operates as a community bank in New Jersey, offering a range of banking services including deposit accounts, residential and commercial mortgages, and business lending solutions [3] - The company's growth strategy focuses on market expansion, particularly following the acquisition of Regal Bancorp, which enhanced its commercial lending capabilities [3] Operational Highlights - Loan portfolio growth was robust, with net loans increasing by 8.9% year-over-year, driven by residential and multi-family loans [7] - Noninterest income improved significantly, moving from a loss in the prior period to a positive figure, as the company did not repeat last year's loss from security sales [6] - Noninterest expense rose by 3.3%, with higher salaries and benefits partially offset by lower data processing costs post-merger [8] Future Outlook - Management did not provide explicit forward guidance for fiscal 2026, highlighting ongoing challenges related to net interest margin pressure and rising funding costs [11] - Investors are expected to monitor the bank's core profitability and seek clarity on potential margin stabilization, with asset quality and deposit mix being key factors [12]

Financial Data and Key Metrics Changes - Reported earnings were $1,000,000 or $0.01 per diluted share, while adjusted earnings were approximately $66,000,000 or $0.69 per diluted share [5] - Loans increased by $312,000,000 or 7% from the previous quarter, and deposits rose by $361,000,000 or 7% [6] - Core net interest margin expanded from 3.42% to 3.58%, while reported margin increased from 3.45% to 3.85% for the quarter [6] Business Line Data and Key Metrics Changes - Adjusted pre-provision net revenue was $103,000,000, with net interest income growth driven by improved net interest margin and balance sheet growth [11] - Non-interest income was $48,300,000, reflecting a linked quarter increase of $11,900,000, largely driven by the mortgage division [11] - Non-interest expense for the quarter was $183,200,000, with merger and conversion expenses of $20,500,000 included [11] Market Data and Key Metrics Changes - The fair value of assets acquired in the merger totaled $7,900,000,000, including total loans of $5,200,000,000 [9] - The fair value of liabilities assumed was $6,900,000,000, including total deposits of $6,400,000,000 [9] - All regulatory capital ratios remained above required minimums, indicating a well-capitalized status [9] Company Strategy and Development Direction - The company is focused on successfully integrating teams from both merged entities and meeting customer needs [4] - Management expressed confidence in achieving modeled synergies by year-end and emphasized the importance of cultural integration [12] - The company aims for mid-single-digit loan and deposit growth, with a strong pipeline and opportunities in key markets [25] Management's Comments on Operating Environment and Future Outlook - Management noted that the merger has created a strong foundation for future growth, with expectations for modest expansion in core margin [17] - The company is on track to achieve its long-term strategic goals regarding profitability metrics such as ROA and efficiency ratio [39] - Management remains cautious about potential economic impacts but is optimistic about the integration and growth opportunities [26] Other Important Information - The company recorded a credit loss provision on loans of $14,700,000, with net charge-offs primarily from two credits [10] - The adjusted efficiency ratio improved by about seven percentage points, reflecting better revenue and cost containment [12] - Management indicated that additional conversion-related expenses are expected in the third quarter [12] Q&A Session Summary Question: Can you walk through the margin and expectations for core margin moving forward? - Management expects modest expansion in core margin, with a spot margin in June at 3.60% [18][20] Question: What are the expectations for core expense levels in the next few quarters? - Management indicated that efficiencies from the merger will start to show in Q3, with a goal for a clean income statement by Q1 next year [35][36] Question: What is the outlook for loan growth and pipeline? - Management reported a strong pipeline and guided for mid-single-digit loan and deposit growth, with efforts to capture market share [25][26] Question: Can you provide color on elevated charge-offs and future expectations? - Management clarified that recent charge-offs were not systemic and expected future charge-offs to revert to historical averages of around 10 basis points [50][51] Question: What are the thoughts on potential buybacks and capital allocation? - Management stated that capital is primarily for organic growth, with buybacks considered but not prioritized at this time [52][54] Question: When might the company consider whole bank M&A opportunities? - Management indicated that it is too early to plan for M&A, focusing instead on the successful integration of the current merger [60][62]