Primo Brands (NYSE:PRMB – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01, FiscalAI reports. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. Primo Brands had a return on equity of 14.64% and a net margin of 3.06%. Primo Brands’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS.
Here are the key takeaways from Primo Brands’ conference call:
- Primo reported 3.3% comparable net sales growth in Q3, its third consecutive quarter of growth, with strength across direct delivery, retail, and premium brands. Retail also gained bottled-water dollar share.
- Direct delivery grew 2.2%, marking its fourth consecutive quarter of sequential improvement. On-time-in-full service rose from just over 50% a year ago to more than 90%, alongside better customer satisfaction metrics.
- Adjusted EBITDA increased 1.6% to $411 million, but comparable margin fell 40 basis points as higher transportation costs and strategic investments offset operating gains. The company expects 2026 EBITDA near the lower end of its prior $1.465 billion–$1.515 billion range, while maintaining its approximately 3% net sales growth outlook.
- Management said it sees a path to adjusted EBITDA and free cash flow growth in 2027, supported by pricing carryover, productivity initiatives, premium growth, and immediate-consumption expansion; it will provide formal guidance in February. Net leverage declined for a third consecutive quarter to 3.32x, and the company expects to reach below 3x during 2027.
- The board authorized a new $300 million share repurchase program, replacing the prior authorization, and declared a quarterly dividend of $0.12 per share. Management said cash generation and improved financial flexibility support investment in the business and shareholder returns.
Primo Brands Stock Up 0.9%
Shares of NYSE:PRMB traded up $0.20 on Friday, hitting $22.36. 4,999,084 shares of the company’s stock were exchanged, compared to its average volume of 5,222,769. The firm’s 50-day moving average is $20.31 and its 200 day moving average is $21.46. The company has a market capitalization of $8.10 billion, a PE ratio of 18.82, a P/E/G ratio of 2.26 and a beta of 0.73. Primo Brands has a 1-year low of $14.36 and a 1-year high of $26.21. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.05.
Primo Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, November 24th. Primo Brands’s dividend payout ratio is currently 184.62%.
Primo Brands News Roundup
Here are the key news stories impacting Primo Brands this week:
- Positive Sentiment: Primo Brands earned $0.43 per share, topping the $0.42 consensus estimate, while revenue of $1.82 billion exceeded expectations of $1.81 billion and rose 3.1% year over year. Article
- Positive Sentiment: Premium water revenue surged 24.3%, free cash flow improved, and the 2026 sales-growth outlook is approaching 3%—signs of resilience in a key growth category. Article
- Positive Sentiment: The company declared a quarterly dividend of $0.12 per share, equivalent to $0.48 annually and a reported yield of 2.2%. Article
- Neutral Sentiment: An earnings-call recap characterized the quarter as signaling recovery and growth, though the available report provides limited additional detail. Article
- Negative Sentiment: A previously announced equity buyback plan has expired, potentially removing a source of share-repurchase support; the report does not indicate whether Primo Brands plans a replacement program. Article
Analysts Set New Price Targets
A number of equities analysts have recently commented on PRMB shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Primo Brands in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Primo Brands from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. TD Cowen reiterated a “buy” rating on shares of Primo Brands in a research note on Thursday, August 6th. TD lifted their price target on shares of Primo Brands from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $21.00 price target on shares of Primo Brands in a report on Monday, October 19th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.55.
Read Our Latest Research Report on Primo Brands
Insider Buying and Selling at Primo Brands
In other Primo Brands news, CEO Eric Foss bought 84,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $23.80 per share, with a total value of $1,999,200.00. Following the transaction, the chief executive officer owned 573,806 shares of the company’s stock, valued at approximately $13,656,582.80. The trade was a 17.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 32.90% of the company’s stock.
About Primo Brands
Primo Brands Corporation is a beverage company focused on providing water and hydration products across North America. The company offers bottled water, water dispensers, refill services, filtration products and other beverage options for households, businesses and retail customers.
Its portfolio includes well-known regional and national water brands such as Poland Spring, Deer Park, Ice Mountain, Arrowhead, Ozarka, Zephyrhills, Pure Life and Primo. Products are distributed through retail stores, direct delivery, e-commerce and workplace and residential water services.
Primo Brands was created through the combination of Primo Water Corporation and BlueTriton Brands, a transaction completed in 2024.
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