Core Viewpoint - Primo Brands Corporation has authorized an increase of $50 million to its existing share repurchase program, raising the total authorization to $300 million [1][2]. Share Repurchase Program - The company has previously repurchased approximately 4.4 million shares of Class A common stock for about $97.7 million, leaving approximately $202.3 million of capacity under the repurchase program after the increase [2][3]. - The repurchase may occur through various methods including open market purchases, block trades, and privately negotiated transactions, with management having discretion over the timing and amount based on market conditions [3]. Company Overview - Primo Brands is a leading North American branded beverage company focused on healthy hydration, offering a diverse range of products distributed across the U.S. and Canada [4]. - The company has a comprehensive portfolio that includes well-known brands such as Poland Spring® and Pure Life®, as well as premium and regional offerings [4]. - Primo Brands operates a vertically integrated distribution network reaching over 200,000 retail outlets and provides direct delivery services to homes and businesses [4]. - The company emphasizes sustainability through reusable packaging and actively manages water resources, conserving over 28,000 acres of land [4].

Core Insights - Primo Brands Corporation reported strong financial results for Q3 2025, with net sales increasing by 35.3% to $1,766.1 million compared to $1,305.1 million in Q3 2024, driven by growth in premium water brands and successful execution of delivery networks [7][11] - The company appointed Eric Foss as Chairman and CEO, indicating a leadership transition aimed at enhancing operational excellence and customer service [1][10] - Adjusted EBITDA rose by 53.2% to $404.5 million, with an adjusted EBITDA margin of 22.9%, reflecting improved operational efficiency [7][11] Financial Performance - Net income from continuing operations decreased to $40.5 million, or $0.11 per diluted share, down from $53.3 million and $0.24 per diluted share in the prior year [7][11] - Adjusted net income increased to $155.0 million, or $0.41 per diluted share, compared to $76.9 million and $0.35 per diluted share in Q3 2024 [7][11] - The company generated $283.4 million in net cash from operating activities, resulting in $150.7 million of free cash flow and $311.1 million of adjusted free cash flow [7][11] Dividend Announcement - The Board of Directors declared a quarterly dividend of $0.10 per share, payable on December 5, 2025, to shareholders of record as of November 25, 2025 [8] Strategic Focus - The company is focused on achieving cost synergies of $200 million in 2025 and $300 million in 2026, following the merger with Blue Triton Brands [10] - Primo Brands continues to expand its distribution network and enhance its product offerings, particularly in the premium water segment [2][10]

Core Viewpoint - Primo Brands Corporation will release its third quarter financial results on November 6, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results for the third quarter ended September 30, 2025, will be announced before the markets open on November 6, 2025 [1] - A conference call will be held on the same day at 10:00 a.m. ET, which will include a question-and-answer session following the management's presentation [2] - The conference call can be accessed via North America dial-in at (888) 510-2154 and international dial-in at (437) 900-0527, with a conference ID of 27654 [2] Group 2: Company Overview - Primo Brands is a leading North American branded beverage company focused on healthy hydration, offering a diverse range of products across various channels and consumer occasions [4] - The company has a comprehensive portfolio that includes well-known brands such as Poland Spring® and Pure Life®, as well as premium and regional brands [4] - Primo Brands operates a vertically integrated distribution network, reaching over 200,000 retail outlets and providing direct delivery services to homes and businesses [4]