Primo Brands Corporation
PRMB
ISIN null / Valor 139639826
Primo Brands Corporation
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About company
Primo Brands Corporation, operating under the name Primo Water North America, is a prominent player in the bottled water industry, primarily focusing on the direct distribution of bottled water to homes and businesses across the United States and Canada. The company boasts a comprehensive distribution network that reaches over 90% of the U.S. population. Primo Brands offers a range of water products, including Mountain Valley Spring, a premium brand known for its spring and sparkling water, and Deer Park® Natural Spring Water, which sources its water from multiple springs in the Mid-Atlantic region. Additionally, the company markets Saratoga, a brand with a long-standing reputation for quality, offering both still and sparkling spring water that is popular in upscale dining and hospitality venues. Through its diverse portfolio, Primo Brands Corporation caters to a wide array of consumer preferences, emphasizing quality and accessibility in its product offerings.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (02.10.2025):
Primo Brands Corporation reported robust financial performance for the fourth quarter and full year ended December 31, 2024. The company achieved significant organic net sales growth driven by increased volume and successfully advanced its cost synergy initiatives ahead of schedule. Additionally, Primo Brands enhanced its dividend, reflecting confidence in its ongoing growth strategy and financial stability.
Net Sales Growth
In the fourth quarter of 2024, Primo Brands Corporation reported net sales of $1.397 billion, marking a 28.7% increase compared to $1.086 billion in the same period last year. For the full year, net sales rose by 9.7% to $5.153 billion from $4.699 billion in 2023. The growth was primarily driven by volume gains, with organic contributions of 5.1% in Q4 and 5.0% for the year.
Cost Synergy Opportunity
The company accelerated its integration efforts, increasing the estimated cost synergy opportunity to $300 million. Primo Brands expects to capture $200 million of these synergies in 2025 and the remaining $100 million in 2026. This enhancement underscores the company's commitment to operational excellence and cost efficiency.
Adjusted EBITDA Performance
Adjusted EBITDA for the fourth quarter 2024 reached $254.8 million, a 24.1% increase from $205.3 million in Q4 2023. For the fiscal year, Adjusted EBITDA grew by 26.9% to $994.6 million compared to $783.6 million in 2023. These improvements reflect strong earnings growth and margin expansion despite challenges in other areas.
Dividend Increase
Primo Brands Corporation announced an increase in its quarterly dividend to $0.10 per common share, demonstrating the company's confidence in its sustained financial performance and commitment to returning value to its shareholders.
Outlook for 2025
Looking ahead, Primo Brands projects full-year 2025 net sales growth in the range of 3% to 5% and Adjusted EBITDA between $1.600 billion and $1.628 billion, inclusive of the anticipated $200 million cost synergies. The company remains focused on brand leadership, operational excellence, and expanding its market presence to drive continued growth and value creation.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5658 M
Market cap (USD)
7,230,570
Daily traded volume (Shares)
31.15 / 30.55
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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