Primo Brands Corporation
PRMB
ISIN null / Valor 139639826
Primo Brands Corporation
UMushroom community rating:
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 (21.11.2025):
Primo Brands Corporation's fourth quarter 2024 (Q4 2024) results show strong organic combined net sales growth driven primarily by volume, accelerated integration and a materially higher synergy target. The company reported combined net sales and adjusted EBITDA gains while recording GAAP losses tied to transaction effects; management raised the estimated cost synergy opportunity to $300 million and provided full-year 2025 guidance that embeds $200 million of synergy capture.
Top-line growth
Q4 2024 net sales were $1,397.2M (company basis) and Combined Net Sales were $1,609.0M, up 5.5% year-over-year (organic contribution 5.1%; volume +4.4%). Full-year Combined Net Sales were $6,810.1M, up 5.4% (volume +3.4%). Full-year company net sales were $5,152.5M, up 9.7% versus 2023.
Profitability — Adjusted EBITDA
Q4 adjusted EBITDA (company) was $254.8M, up 24.1% (margin 18.2%, down 70 bps). Q4 Combined Adjusted EBITDA was $301.4M, up 3.7% (margin 18.7%, down 40 bps). Full-year Combined Adjusted EBITDA was $1,352.5M, up 19.5% (Combined margin 19.9%).
GAAP results vs. adjusted metrics
GAAP: Q4 net loss from continuing operations attributable to common stockholders was $(153.9)M (loss per diluted share $0.49); FY net loss was $(12.6)M. Adjusted: Q4 adjusted net income was $39.6M (adj. EPS $0.13) and full-year adjusted net income was $245.0M (adj. EPS $1.01).
Integration & synergy acceleration
Management says integration is ahead of schedule and increased the estimated cost synergy opportunity to $300M (previously $200M higher), with $200M expected to be captured in 2025 and the remaining $100M in 2026. The 2025 outlook incorporates the expected $200M of synergies.
2025 outlook
Guidance for full-year 2025 (inclusive of the $200M synergy): Net sales growth 3–5%; Adjusted EBITDA $1,600M–$1,628M; Adjusted Free Cash Flow $790M–$810M; CAPEX ~4% of net sales.
Cash flow and capital returns
Q4 net cash provided by operating activities was $93.7M; free cash flow was $36.1M (Adjusted Free Cash Flow $171.8M for the quarter after specified adjustments). The company increased its quarterly dividend to $0.10 per common share.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5962 M
Market cap (USD)
4,722,422
Daily traded volume (Shares)
31.15 / 30.55
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Ratings & reviews
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