Primo Water Corporation provides water direct to consumers and water filtration services in North America, Europe, and Israel. The company offers bottled water, purified and spring bottled water, self-service refill drinking water, sparkling and flavored water, mineral water, and coffee; and water dispensers and filtration equipment. It provides its services to residential customers, small and medium-sized businesses, and regional and national corporations and retailers. The company was formerly known as Cott Corporation and changed its name to Primo Water Corporation in March 2020. The company is headquartered in Tampa, Florida.
IPO Year:
Exchange: NYSE
Website: primowatercorp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/2/2024 | Outperform → Mkt Perform | Raymond James | |
4/3/2024 | $21.00 | Strong Buy → Outperform | Raymond James |
2/24/2023 | Sector Outperform → Neutral | CIBC | |
2/25/2022 | $21.00 → $18.00 | Buy | Citigroup |
11/5/2021 | $20.00 → $21.00 | Outperform | RBC Capital |
8/6/2021 | $19.00 → $20.00 | Outperform | RBC Capital |
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TAMPA, Fla. and STAMFORD, Conn., Sept. 27, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) ("Primo Water") and an affiliate of BlueTriton Brands, Inc. ("BlueTriton") today announced receipt of regulatory approval under the Investment Canada Act ("ICA"), in connection with the previously announced all-stock combination of Primo Water and BlueTriton (the "Transaction"). The approval under the ICA is one of the regulatory approval conditions necessary for completion of the Transaction and follows this month's expiration of the waiting period under the Hart-Scot
TAMPA, Fla., Sept. 11, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today released its 2023 Sustainability report. "I am pleased to share the 2023 Sustainability report, which highlights our progress and continued commitment to our sustainability journey," said Robbert Rietbroek, Primo Water's Chief Executive Officer. "We have made meaningful strides toward our priorities and targets, launched new initiatives and enhanced the collection of sustai
TAMPA, Fla. and STAMFORD, Conn., Sept. 5, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) ("Primo Water") and BlueTriton Brands, Inc. ("BlueTriton") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), as amended, in connection with the previously announced all-stock combination of Primo Water and BlueTriton ("Transaction"). The expiration of the waiting period under the HSR Act is one of the conditions necessary for completion of this Transaction. The Transaction is now expected to
Results exceeded high end of Q2 Revenue and Adjusted EBITDA outlookRevenue of $485 million, increased 7.6%, including 6.6% contribution from organic growth Gross margin of 65.6%, increased 110 bps, and net income increased to $13 million Adjusted EBITDA of $113 million, increased 14.9%, and Adjusted EBITDA margin of 23.3%, increased 150 bps Increases full-year 2024 Revenue and Adjusted EBITDA outlookIncreases full-year 2024 Adjusted Free Cash Flow outlook to between $180 million and $190 million, an increase of $5 millionTAMPA, Fla., Aug. 8, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water so
TAMPA, Fla., Aug. 7, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced that its Board of Directors declared a dividend of US$0.09 per share on common shares, payable in cash on September 5, 2024 to shareowners of record at the close of business on August 22, 2024. ABOUT PRIMO WATER CORPORATION Primo Water is a leading North America-focused pure-play water solutions provider that operates largely under a recurring revenue model in the
TAMPA, Fla., July 18, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced that the Company will release its second quarter ended June 29, 2024 financial results before the markets open on Thursday, August 8, 2024. Primo Water will host a conference call, to be simultaneously webcast, on Thursday, August 8, 2024 at 10:00 a.m. Eastern Time. Considering the pending merger with BlueTriton, the Q&A session following management's prepared rema
Transformative all-stock transaction expected to present an estimated $200 million in run-rate cost synergies Combined company expected to have significant financial and operating leverage with $6.5 billion in Net Revenue and $1.5 billion in Adjusted EBITDA1, including estimated synergies, for the twelve-month period ended March 31, 2024 Increased presence, leading portfolio of iconic brands, diversified product offerings and enhanced distribution capabilities position the combined company for sustained long-term growth Primo Water intends to pay a special dividend of up to $133 million ($0.82/share)2 to its shareholders prior to closing TAMPA, Fla. and STAMFORD, Conn., June 17, 2024 /PRNews
Results exceeded high end of Q1 Revenue and Adjusted EBITDA guidanceRevenue of $452 million, increased 9.6%, including 8.3% organic growth Gross margin of 64.4%, increased 160 bps, and net income increased to $19 millionAdjusted EBITDA of $94 million, increased 24.2%, and Adjusted EBITDA margin of 20.8%, increased 250 bps Increases full-year 2024 Revenue and Adjusted EBITDA outlookIncreases full-year 2024 Adjusted Free Cash Flow outlook to between $175 million and $185 million, an increase of $5 millionTAMPA, Fla., May 9, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North Ame
TAMPA, Fla., May 8, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW, TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced the results of voting for directors at its annual and special meeting of shareowners held on May 8, 2024 (the "Meeting"). By a vote conducted by ballot, each of the nominees listed in the proxy statement dated March 28, 2024 was elected as a director of the Company at the Meeting. The detailed voting results are as follows: Nominee # of Votes"For" % of Votes"For" # of
TAMPA, Fla., April 9, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced that the Company will release its first quarter ended March 30, 2024 financial results before the markets open on Thursday, May 9, 2024. Primo Water will host a conference call, to be simultaneously webcast, on Thursday, May 9, 2024 at 10:00 a.m. Eastern Time. A question and answer session will follow management's presentation. To participate, please call the follo
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Raymond James downgraded Primo Water from Outperform to Mkt Perform
Raymond James downgraded Primo Water from Strong Buy to Outperform and set a new price target of $21.00
CIBC downgraded Primo Water from Sector Outperform to Neutral
Citigroup reiterated coverage of Primo Water with a rating of Buy and set a new price target of $18.00 from $21.00 previously
RBC Capital reiterated coverage of Primo Water with a rating of Outperform and set a new price target of $21.00 from $20.00 previously
RBC Capital reiterated coverage of Primo Water with a rating of Outperform and set a new price target of $20.00 from $19.00 previously
Scotiabank upgraded Primo Water from Sector Perform to Outperform and set a new price target of $18.50 from $17.00 previously
Scotiabank upgraded Primo Water from Sector Perform to Sector Outperform and set a new price target of $18.50 from $17.00 previously
ScotiaBank upgraded Primo Water from Sector Perform to Outperform and set a new price target of $18.50 from $17.00 previously
Scotiabank upgraded Primo Water from Sector Perform to Sector Outperform
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CIBC maintains Primo Water (NYSE:PRMW) with a Outperformer and raises the price target from $24 to $26.
JP Morgan analyst Andrea Teixeira maintains Primo Water (NYSE:PRMW) with a Overweight and raises the price target from $24 to $26.
RBC Capital analyst Nik Modi reiterates Primo Water (NYSE:PRMW) with a Outperform and maintains $30 price target.
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U.S. stocks were mostly lower, with the Dow Jones index falling around 0.2% on Monday. Shares of The Aaron’s Company, Inc. (NYSE:AAN) rose sharply during Monday's session after the company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings. IQVentures will acquire the company for $10.10 per share in cash, or an enterprise value of approximately $504 million. Aaron’s shares jumped 32.2% to $9.97 on Monday. Here are some other big stocks recording gains in today’s session. Xponential Fitness, Inc. (NYSE:XPOF) gained 21.3% to $13.68. Xponential Fitness announced the appointment of Mark King as Chief Executive Officer. Lexicon Pharmace
Transformative all-stock transaction expected to present an estimated $200 million in run-rate cost synergies Combined company expected to have significant financial and operating leverage with $6.5 billion in Net Revenue and $1.5 billion in Adjusted EBITDA1, including estimated synergies, for the twelve-month period ended March 31, 2024 Increased presence, leading portfolio of iconic brands, diversified product offerings and enhanced distribution capabilities position the combined company for sustained long-term growth Primo Water intends to pay a special dividend of up to $133 million ($0.82/share)2 to its shareholders prior to closing
RBC Capital analyst Nik Modi maintains Primo Water (NYSE:PRMW) with a Outperform and raises the price target from $19 to $30.
Deutsche Bank analyst Steve Powers maintains Primo Water (NYSE:PRMW) with a Hold and raises the price target from $17 to $20.
TAMPA, Fla., Nov. 15, 2023 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced that Primo Water's Board of Directors has appointed Robbert Rietbroek as Chief Executive Officer and to the Board of Directors, effective January 1, 2024. The appointment concludes a comprehensive CEO search process, launched by the Board following Tom Harrington's decision to retire, with the mandate to appoint a highly capable leader with extensive product innovation, operational and transformational experience, capable of further driving growth
Tom Harrington Intends to Retire as Primo Water CEO Will Continue to Serve as CEO Until a Successor is Appointed Board Commences Search to Identify Company's Next CEO TAMPA, Fla., May 31, 2023 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that Tom Harrington, Chief Executive Officer ("CEO") and a member of the Company's Board of Directors ("the Board") since January 2019, has informed the Board that he intends to retire as th
Brings Broad-Based Leadership and Experience Running Global, Scale Beverage and Route-Based Businesses TAMPA, Fla., March 16, 2023 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced that Eric J. Foss has been appointed to Primo Water's Board of Directors (the "Board"), effective immediately. Mr. Foss's appointment is part of the Board's ongoing refreshment process and follows a thorough search and selection initiative led by the Board's ESG and Nominating Committee with the assistance of a nationally recognized executive search firm.
TAMPA, Fla, Jan. 24, 2023 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced the appointment of David W. Hass as Chief Financial Officer. Mr. Hass is replacing Mr. Jay Wells, who previously announced his planned retirement as Chief Financial Officer, effective April 1, 2023. Mr. Wells will assist with the CFO transition through his retirement date. "David is a strategic and purpose-driven leader with an exceptional depth of experience
MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat and yacht retailer, today announced that Mercedes Romero has been appointed to its Board of Directors effective October 1, 2022. Mercedes Romero is the Global Chief Procurement Officer at Primo Water (NASDAQ:PRMW). She brings over 25 years of diverse experience across industries such as Consumer Packaged Goods (Procter & Gamble, Clorox), Spirits (Diageo, Campari), Pharmaceutical (Teva), Retail (Starbucks), and Transportation (Ryder). Romero has made meaningful contributions to the profitability of large organizations through the identification and implementation of operational efficiencies, strategic planning, and an innovat
TAMPA, FL , Aug. 30, 2022 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced the planned retirement of Jay Wells, Chief Financial Officer, effective April 1, 2023. Mr. Wells will remain in his position until his retirement date. The Company has initiated a comprehensive search for a successor, which will include both internal and external candidates. Jerry Fowden, Primo's Chairman of the Board, commented, "On behalf of the Board of Dire
TAMPA, Fla., Oct. 6, 2021 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) ("Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced the appointment of Jeff Johnson as SVP Global Operational Excellence and Service Optimization, effective October 25, 2021. "We are excited to welcome Jeff to the Primo team," said Tom Harrington, Chief Executive Officer of Primo. "With a track record of success in the transportation and delivery service industry, Jeff's expertise will strengthen our management team and help
TAMPA, Fla., Aug. 4, 2021 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced the appointment of Archana Singh to the Primo Water Corporation Board of Directors. Ms. Singh will be an independent director and serve as a member of the Human Resources and Compensation Committee of the Board. "We are excited to have Archana join Primo's Board of Directors. She has extensive human resources and talent management experienc
TAMPA, Fla., June 15, 2021 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo"), a leading provider of water direct to consumers and water filtration services in North America and Europe as well as a leading provider of water dispensers, purified and spring bottled water, and self-service refill drinking water in the U.S. and Canada, today announced the appointment of Shayron Barnes-Selby as Chief Diversity & Inclusion Officer, effective immediately. Ms. Barnes-Selby will report directly to Tom Harrington, Primo's Chief Executive Officer. I
TAMPA, Fla., April 6, 2021 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of water direct to consumers and water filtration services in North America and Europe as well as a leading provider of water dispensers, purified and spring bottled water, and self-service refill drinking water in the U.S. and Canada, today announced that the Company will release its first quarter ended April 3, 2021 financial results before the markets open on Thursday, May 6, 2021. Primo will host a conference call, to be simultaneously webcast, on Thursday, May 6, 2021 at 10:00 a.m. Eastern Time. A question and answer session will follow management's p
Results exceeded high end of Q2 Revenue and Adjusted EBITDA outlookRevenue of $485 million, increased 7.6%, including 6.6% contribution from organic growth Gross margin of 65.6%, increased 110 bps, and net income increased to $13 million Adjusted EBITDA of $113 million, increased 14.9%, and Adjusted EBITDA margin of 23.3%, increased 150 bps Increases full-year 2024 Revenue and Adjusted EBITDA outlookIncreases full-year 2024 Adjusted Free Cash Flow outlook to between $180 million and $190 million, an increase of $5 millionTAMPA, Fla., Aug. 8, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water so
TAMPA, Fla., Aug. 7, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced that its Board of Directors declared a dividend of US$0.09 per share on common shares, payable in cash on September 5, 2024 to shareowners of record at the close of business on August 22, 2024. ABOUT PRIMO WATER CORPORATION Primo Water is a leading North America-focused pure-play water solutions provider that operates largely under a recurring revenue model in the
TAMPA, Fla., July 18, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced that the Company will release its second quarter ended June 29, 2024 financial results before the markets open on Thursday, August 8, 2024. Primo Water will host a conference call, to be simultaneously webcast, on Thursday, August 8, 2024 at 10:00 a.m. Eastern Time. Considering the pending merger with BlueTriton, the Q&A session following management's prepared rema
Transformative all-stock transaction expected to present an estimated $200 million in run-rate cost synergies Combined company expected to have significant financial and operating leverage with $6.5 billion in Net Revenue and $1.5 billion in Adjusted EBITDA1, including estimated synergies, for the twelve-month period ended March 31, 2024 Increased presence, leading portfolio of iconic brands, diversified product offerings and enhanced distribution capabilities position the combined company for sustained long-term growth Primo Water intends to pay a special dividend of up to $133 million ($0.82/share)2 to its shareholders prior to closing TAMPA, Fla. and STAMFORD, Conn., June 17, 2024 /PRNews
Results exceeded high end of Q1 Revenue and Adjusted EBITDA guidanceRevenue of $452 million, increased 9.6%, including 8.3% organic growth Gross margin of 64.4%, increased 160 bps, and net income increased to $19 millionAdjusted EBITDA of $94 million, increased 24.2%, and Adjusted EBITDA margin of 20.8%, increased 250 bps Increases full-year 2024 Revenue and Adjusted EBITDA outlookIncreases full-year 2024 Adjusted Free Cash Flow outlook to between $175 million and $185 million, an increase of $5 millionTAMPA, Fla., May 9, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North Ame
TAMPA, Fla., April 9, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today announced that the Company will release its first quarter ended March 30, 2024 financial results before the markets open on Thursday, May 9, 2024. Primo Water will host a conference call, to be simultaneously webcast, on Thursday, May 9, 2024 at 10:00 a.m. Eastern Time. A question and answer session will follow management's presentation. To participate, please call the follo
Reports strong year-over-year growth in Revenue, Net Income, Adjusted EBITDA, Margins and Adjusted Free Cash Flow Completes previously announced transaction to sell significant portion of its International businesses for $575 millionSuccessfully executes leadership transition and welcomes new CEO Robbert RietbroekIssues first quarter and full year 2024 Revenue, Adjusted EBITDA and Free Cash Flow guidance*Declares quarterly dividend of $0.09 per common share, a 13% increase over last yearTAMPA, Fla., Feb. 22, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America, today an
TAMPA, Fla., Jan. 18, 2024 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions direct to consumers in North America, today announced that the Company will release its fourth quarter ended December 30, 2023 financial results before the markets open on Thursday, February 22, 2024. Primo Water will host a conference call, to be simultaneously webcast, on Thursday, February 22, 2024 at 10:00 a.m. Eastern Time. A question and answer session will follow management's presentation. T
TAMPA, Fla., Oct. 10, 2023 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced that the Company will release its third quarter ended September 30, 2023 financial results before the markets open on Thursday, November 2, 2023. Primo Water will host a conference call, to be simultaneously webcast, on Thursday, November 2, 2023 at 10:00 a.m. Eastern Time. A question and answer session will follow management's presen
Delivered high end of Q2 Revenue and high end of Adjusted EBITDA guidanceIncreased Revenue 4% to $593.3 million Declares quarterly dividend of $0.08 per common share, a 14% increase over last year's dividendAuthorizes new $50 million share repurchase programIncreases full-year 2023 Revenue, Adjusted EBITDA and Adjusted Free Cash Flow GuidanceTAMPA, Fla., Aug. 10, 2023 /PRNewswire/ - Primo Water Corporation (NYSE:PRMW) (TSX:PRMW) (the "Company" or "Primo Water"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced its results for the second quarter ended July 1, 2023.