Primo Water Corporation (NYSE:PRMW ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Jon Kathol - Vice President of Investor Relations Robbert Rietbroek - Chief Executive Officer David Hass - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities John Anderson - William Blair Andrea Teixeira - J. P. Morgan Derek Lessard - TD Securities Operator Good morning.
Primo (PRMW) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.33 per share a year ago.
PRMW continues to increase shareholder value as its board of directors approves a special quarterly dividend hike.
Primo Water Corp., a US-Canadian water company, is attractive due to its focus on multi-gallon bottled water services and recent strategic divestments. The upcoming merger with BlueTriton will create a leading company with significant synergies, cost savings, and a $6.5B revenue potential. Despite a modest dividend and B+ credit rating, Primo's strong organic growth, market share expansion, and strategic M&A make it a compelling investment.
Primo (PRMW) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago.
Primo (PRMW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Primo Water (PRMW) makes a strong case for investment, given its earnings growth prospects, rising demand and highly liquid operations.
Primo (PRMW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Primo Water (PRMW) plans to merge with a unit of BlueTriton Brands in an all-stock deal, which is likely to generate a synergy of $200 million.
Shares of bottled water company Primo Water (PRMW) jumped Monday after the company announced plans to merge with BlueTriton, which owns brands like Arrowhead, Deer Park, and Poland Spring.
The combined company is estimated to generate $6.5 billion in annual revenue.
North American packaged water companies Primo Water Corp and BlueTriton Brands said on Monday they would merge in an all-stock deal.