Welcome to our dedicated page for Primo Water Corporation news (Ticker: PRMW), a resource for investors and traders seeking the latest updates and insights on Primo Water Corporation stock.
Primo Water Corporation (PRMW) delivers sustainable hydration solutions through its innovative water dispensers and recurring revenue model. This news hub provides investors and stakeholders with official updates on financial performance, strategic initiatives, and environmental stewardship efforts central to its North American operations.
Discover timely press releases covering earnings reports, product innovations, and sustainability milestones. Our curated collection includes updates on Water Direct delivery services, Water Exchange partnerships, and Water Refill network expansions – all core components of PRMW's market-leading position in water solutions.
This resource serves as a centralized reference for tracking the company's progress in reducing plastic waste through bottle exchange programs and analyzing its razor-razorblade business model performance. Bookmark this page for direct access to PRMW's latest regulatory filings, executive commentary, and operational developments.
Legion Partners Asset Management has issued a public letter to Primo Water Corporation's shareholders, advocating for the appointment of four independent directors to the Board. This call for change stems from concerns over the company’s chronic operational underperformance, with Legion Partners holding approximately 1.5% of the outstanding shares. The proposed nominees possess substantial experience in beverage operations, marketing, and capital allocation. Legion Partners believes that with the right leadership, Primo could significantly improve its financial performance, potentially tripling its share price and achieving over $630 million in EBITDA by 2027.
Primo Water Corporation (NYSE: PRMW) announced its participation in the 2023 Raymond James 44th Annual Institutional Investors Conference, scheduled for March 6, 2023. The presentation will commence at approximately 7:30 a.m. Eastern Time and can be accessed via a webcast on Primo's investor relations website, with an archive available for two weeks post-event. As a leading provider of sustainable drinking water solutions in North America and Europe, Primo generates around $2.2 billion in annual revenue, operating primarily under a recurring revenue model through various services including Water Direct, Water Exchange, and Water Refill.
Primo Water Corporation (NYSE: PRMW) reported a 7% revenue growth in FY 2022, reaching $2.215 billion, driven by a 17% increase in Water Direct and Water Exchange revenues. Net income improved significantly to $30 million or $0.18 per diluted share, contrasting with a net loss in the prior year. Adjusted EBITDA rose 11% to $420 million, with margins increasing to 19%. The Board declared a quarterly dividend of $0.08, a 14% increase from previous dividends, payable on March 27, 2023. Primo expects FY 2023 revenue between $2.3 billion and $2.35 billion.
Primo Water Corporation (NYSE: PRMW) has increased its quarterly dividend by 14.3% to
On February 3, 2023, Primo Water Corporation (NYSE: PRMW) announced the acquisition of an additional spring water source near its existing Mountain Valley spring in Garland County, Arkansas. This strategic acquisition aims to enhance its Mountain Valley Water portfolio, which has seen a remarkable 53% growth year-over-year according to SPINS. Mountain Valley is recognized as the top premium spring/sparkling brand in the Natural Channel and is the oldest continuous bottled spring water in the U.S. The company emphasizes its commitment to sustainable water solutions and aims to expand its market presence through this new source.
Primo Water Corporation (NYSE: PRMW) will release its fourth quarter and fiscal year 2022 financial results on February 23, 2023, before market open. A conference call will follow at 10:00 a.m. Eastern Time, allowing investors to engage with the management team. The company provides sustainable drinking water solutions across North America and Europe, generating approximately $2.1 billion in annual revenue. Primo operates under a razor/razorblade model, selling innovative water dispensers and providing water delivery services directly to consumers.
Primo Water Corporation (NYSE: PRMW) has appointed David W. Hass as its new Chief Financial Officer, effective April 1, 2023. Mr. Hass, who has been with the company since 2020 as Chief Strategy Officer, succeeds Jay Wells, who will assist in the transition until his retirement. The change aims to leverage Mr. Hass's extensive experience in enhancing innovation and growth within the company's sustainable drinking water solutions across North America and Europe. Primo generates approximately $2.1 billion in annual revenue, primarily through its water dispensers and delivery services.
Primo Water Corporation (PRMW) has provided its revenue and Adjusted EBITDA outlook for 2023 and 2024 ahead of the ICR Conference on January 9, 2023. For 2023, revenue is projected between $2.3 billion and $2.35 billion; Adjusted EBITDA is expected to fall in the range of $450 million to $470 million. Looking ahead to 2024, revenue growth is anticipated to be in the high single digits, with Adjusted EBITDA approaching $530 million. The outlook excludes revenue from businesses exited in 2022, emphasizing a targeted and sustainable growth strategy.
Primo Water Corporation (NYSE: PRMW), a leader in sustainable drinking water solutions, announced its presentation at the ICR Conference on January 9, 2023. The presentation will start at 10:30 a.m. Eastern Time and will be available via webcast on Primo's investor relations website. With approximately $2.1 billion in annual revenue, Primo operates under a recurring revenue model, offering products such as water dispensers, direct delivery, and refill services across 21 countries.
Primo focuses on promoting healthier lifestyles and reducing plastic waste.
