Primo Water Corporation (TSE:PRMW) has released an update.
Primo Water Corporation reported a strong start to 2024 with first-quarter earnings exceeding expectations, boasting a 9.6% increase in revenue to $452 million and a 24.2% surge in Adjusted EBITDA to $94 million. The company also experienced significant organic growth and raised its full-year outlook for revenue, Adjusted EBITDA, and Adjusted Free Cash Flow. These positive financial results reflect robust volume performance and effective pricing strategies, underpinning the company’s market-leading position in sustainable water solutions.
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