Primo Brands (NYSE:PRMB) Issues Quarterly Earnings Results

Primo Brands (NYSE:PRMB) announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.81 billion. Primo Brands had a net margin of 3.06% and a return on equity of 14.64%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last 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 Performance

PRMB traded up $0.20 during trading hours on Friday, hitting $22.36. 4,999,084 shares of the stock were exchanged, compared to its average volume of 5,222,769. The stock has a 50-day simple moving average of $20.31 and a 200-day simple moving average of $21.46. Primo Brands has a 12 month low of $14.36 and a 12 month high of $26.21. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.26 and a beta of 0.73. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.05 and a quick ratio of 0.86.

Primo Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Tuesday, November 24th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 24th. This represents a $0.48 annualized dividend and a yield of 2.1%. Primo Brands’s dividend payout ratio (DPR) is 184.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PRMB shares. Deutsche Bank Aktiengesellschaft set a $21.00 target price on shares of Primo Brands in a research note on Monday, October 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $29.00 price target on shares of Primo Brands in a research report on Friday, August 7th. Zacks Research downgraded Primo Brands from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Barclays decreased their price target on Primo Brands from $29.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Primo Brands in a report on Wednesday. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Primo Brands presently has an average rating of “Moderate Buy” and a consensus price target of $27.55.

Primo Brands News Summary

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

Insider Buying and Selling

In other Primo Brands news, CEO Eric Foss bought 84,000 shares of the stock in a transaction on Monday, August 10th. The stock was purchased at an average price of $23.80 per share, for a total transaction of $1,999,200.00. Following the completion of the purchase, the chief executive officer directly owned 573,806 shares in the company, valued at approximately $13,656,582.80. This trade represents a 17.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.90% of the stock is currently owned by corporate insiders.

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.