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Primo Brands (PRMB)
NYSE:PRMB
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 3.81%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance in 2024 with significant revenue growth, successful merger completion, and identified synergy opportunities. The expansion of premium brands and optimization of the capital structure were positive highlights. However, the exit from Eastern Canadian operations and a flat base margin expansion indicate some challenges. Overall, the positive developments and future growth prospects outweigh the lowlights.Company Guidance
During the Primo Brands Corporation Fourth Quarter 2024 Earnings Call, the company provided guidance for the full year 2025, projecting comparable organic net sales growth of 3% to 5%, with net sales reaching $7 billion at the midpoint. The guidance anticipates a balanced growth between volume and price/mix. The company also raised its total cost synergy opportunities to $300 million by year-end 2026, which is $100 million higher and one year sooner than previous forecasts. Additionally, Primo Brands plans to achieve a comparable adjusted EBITDA of between $1.6 billion and $1.628 billion, with an implied adjusted EBITDA margin of approximately 23.1% at the midpoint. The company expects to generate adjusted free cash flow of between $790 million and $810 million for 2025. Capital expenditures are forecasted at approximately 4% of net sales, and the company announced an 11% increase in its quarterly dividend to $0.10 per common share.Strong Revenue Growth
Primo Brands reported a combined net sales increase of 5.4% for the full year 2024, reaching $6.81 billion, driven by 3.4% volume growth and 2% pricing/mix.
Adjusted EBITDA Growth
The combined adjusted EBITDA for 2024 was $1.353 billion, marking a 19.5% increase from the previous year, with an adjusted EBITDA margin improvement of 240 basis points to 19.9%.
Merger and Synergy Capture
The merger with BlueTriton was completed in November 2024, and the company has identified $300 million in cost synergy opportunities by year-end 2026, which is $100 million higher and one year sooner than previously forecasted.
Expansion of Premium Brands
Saratoga and Mountain Valley, the premium water brands, showed strong growth with a 47% increase year-over-year.
Capital Structure Optimization
Primo Brands successfully repriced its $3.1 billion term loan, consolidated revolving facilities, and executed an exchange offer for senior notes, strengthening its financial position.
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PRMB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $32.82 | $32.59 | -0.70% |
| Nov 07, 2024 | $25.42 | $24.36 | -4.17% |
| Aug 08, 2024 | $20.96 | $20.58 | -1.81% |
| May 09, 2024 | $19.26 | $20.11 | +4.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Primo Brands (PRMB) report earnings?
Primo Brands (PRMB) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Primo Brands (PRMB) earnings time?
Primo Brands (PRMB) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRMB EPS forecast?
PRMB EPS forecast for the fiscal quarter 2025 (Q1) is 0.2.
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