Primo Water narrows FY24 revenue view to $1.87B-$1.89B from $1.86B-$1.89B

Consensus $2.59B. Raises FY24 adjusted EBITDA view to $420M-$440M from $410M-$430M. Sees FY24 adjusted free cash flow $180M-$190M. The company said, “The Company is increasing its full year 2024 revenue target to between $1.87 billion and $1.89 billion and its full year 2024 Adjusted EBITDA target to between $420 million and $440 million. Full-year 2024 Adjusted Free Cash Flow from continuing operations is forecasted to be between $180 million and $190 million, an increase of $5 million.”