Primo Brands reports Q1 adjusted EPS 29c, consensus 23c

Reports Q1 revenue $1.61B, consensus $1.62B. “During our first full quarter as Primo Brands (PRMB), we achieved strong organic net sales, volume and market share growth, leading to increased earnings and expanded margins. We are on track to realize our $200 million cost synergies opportunity by 2025, supporting our full-year outlook for Net Sales, Adjusted EBITDA, and Adjusted Free Cash Flow,” said Robbert Rietbroek, Chief Executive Officer.