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Primo Brands (PRMB)
NYSE:PRMB
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed material operational improvement and strong profitability gains despite modest top‑line pressure and lingering integration effects. Management highlighted sequential recovery in the direct delivery business (improving OTIF, NPS, Trustpilot and customer nets), robust premium brand growth (Mountain Valley and Saratoga up strongly), meaningful EBITDA and margin expansion in both the quarter and full year, solid free cash flow generation, and shareholder returns (share repurchases and a 20% dividend increase). Key challenges include continued direct delivery stabilization needs, modest full‑year sales guidance (0%–1%), integration work remaining in 2026, and one‑time weather and leap‑day headwinds. Overall the company appears to be on a constructive trajectory: profitability, cash generation, premium growth and operational KPIs are improving while revenue recovery is expected to be second‑half weighted.Company Guidance
Improved Profitability — Q4 Adjusted EBITDA
Q4 comparable adjusted EBITDA of $334.1M, up 11% year-over-year; Q4 adjusted EBITDA margin 21.5%, up 260 basis points versus prior year.
Full Year EBITDA and Margin Expansion
FY2025 comparable adjusted EBITDA of $1.447B, up 7.4% year-over-year; FY adjusted EBITDA margin 21.7%, up 170 basis points versus prior year.
Strong Premium Brand Growth
Combined net sales for premium brands Mountain Valley and Saratoga rose 44% for the full year 2025 and were up 39% in the fourth quarter, driven by retail and away‑from‑home demand.
Operational & Customer Service Improvements
Direct delivery KPIs showed month-to-month improvement during Q4: OTIF improved through the quarter, Net Promoter Score increased every month, Trustpilot ratings returned to pre‑integration levels, customer calls reduced to pre‑merger levels and customer quits declined entering year‑end.
Strong Cash Generation and Free Cash Flow
Adjusted free cash flow for FY2025 was $750.3M (adjusted FCF conversion 51.9%); cash flow from operations was $680M (approximately $996M when accounting for significant items). Adjusted free cash flow grew $105.4M year-over-year.
Disciplined Capital Allocation & Shareholder Returns
Repurchased $193M of shares in 2025 (10.3M shares) with ~$107M remaining under the $300M authorization; previously repurchased ~$214M from One Rock affiliates; Board authorized a $0.12 quarterly dividend (annualized $0.48), a 20% increase.
2026 Guidance Reflects Margin Expansion
2026 guidance (exiting office coffee service) calls for comparable net sales growth flat to +1% and adjusted EBITDA of $1.485B–$1.515B, implying margin expansion of ~60–80 basis points (midpoint margin ~22.5%). Adjusted free cash flow guidance $790M–$810M.
Integration Progress and Capacity Investments
Completed first 5 (most complex) integration rounds in 2025 and realized tangible synergies; remaining 2 integration rounds are planned for 2026. Capacity investments: Saratoga capacity coming online in spring 2026 and new Mountain Valley facility on track to open midyear 2026.
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
PRMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $19.63 | $22.65 | +15.38% |
Nov 06, 2025 | $22.51 | $17.58 | -21.89% |
Aug 07, 2025 | $26.13 | $23.74 | -9.12% |
May 08, 2025 | $32.40 | $31.87 | -1.64% |
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.
FAQ
When does Primo Brands (PRMB) report earnings?
Primo Brands (PRMB) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Primo Brands (PRMB) earnings time?
Primo Brands (PRMB) earnings time is at May 07, 2026, Before Open (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 2026 (Q1) is 0.25.