Primo Brands (NYSE:PRMB) Releases Earnings Results, Beats Estimates By $0.01 EPS

Primo Brands (NYSE:PRMB) announced its earnings results on Thursday. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01, FiscalAI reports. Primo Brands had a net margin of 3.06% and a return on equity of 14.64%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company posted $0.41 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis.

Here are the key takeaways from Primo Brands’ conference call:

• Primo reported 3.3% comparable net sales growth in Q3, its third consecutive quarter of growth, with strength across direct delivery, retail, and premium brands. Retail also gained bottled-water dollar share.
• Direct delivery grew 2.2%, marking its fourth consecutive quarter of sequential improvement. On-time-in-full service rose from just over 50% a year ago to more than 90%, alongside better customer satisfaction metrics.
• Adjusted EBITDA increased 1.6% to $411 million, but comparable margin fell 40 basis points as higher transportation costs and strategic investments offset operating gains. The company expects 2026 EBITDA near the lower end of its prior $1.465 billion–$1.515 billion range, while maintaining its approximately 3% net sales growth outlook.
• Management said it sees a path to adjusted EBITDA and free cash flow growth in 2027, supported by pricing carryover, productivity initiatives, premium growth, and immediate-consumption expansion; it will provide formal guidance in February. Net leverage declined for a third consecutive quarter to 3.32x, and the company expects to reach below 3x during 2027.
• The board authorized a new $300 million share repurchase program, replacing the prior authorization, and declared a quarterly dividend of $0.12 per share. Management said cash generation and improved financial flexibility support investment in the business and shareholder returns.

Primo Brands Stock Performance

Shares of PRMB stock traded up $0.20 during mid-day trading on Friday, hitting $22.36. The stock had a trading volume of 4,999,084 shares, compared to its average volume of 5,222,769. Primo Brands has a fifty-two week low of $14.36 and a fifty-two week high of $26.21. The firm has a market cap of $8.10 billion, a PE ratio of 18.82, a PEG ratio of 2.26 and a beta of 0.73. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.05 and a quick ratio of 0.86. The company’s 50-day simple moving average is $20.31 and its 200-day simple moving average is $21.46.

Primo Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 24th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 2.1%. Primo Brands’s dividend payout ratio is presently 184.62%.

Insider Buying and Selling at Primo Brands

In other news, CEO Eric Foss purchased 84,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $23.80 per share, for a total transaction of $1,999,200.00. Following the completion of the purchase, the chief executive officer directly owned 573,806 shares in the company, valued at $13,656,582.80. The trade was a 17.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PRMB has been the topic of several research reports. TD Cowen reissued a “buy” rating on shares of Primo Brands in a research report on Thursday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Primo Brands in a report on Wednesday. Zacks Research downgraded shares of Primo Brands from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Primo Brands in a report on Wednesday. Finally, Barclays dropped their price target on Primo Brands from $29.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.55.

Key Headlines Impacting Primo Brands

Here are the key news stories impacting Primo Brands this week:

• Positive Sentiment: Primo Brands earned $0.43 per share, topping the $0.42 consensus estimate, while revenue of $1.82 billion exceeded expectations of $1.81 billion and rose 3.1% year over year. Article
• Positive Sentiment: Premium water revenue surged 24.3%, free cash flow improved, and the 2026 sales-growth outlook is approaching 3%—signs of resilience in a key growth category. Article
• Positive Sentiment: The company declared a quarterly dividend of $0.12 per share, equivalent to $0.48 annually and a reported yield of 2.2%. Article
• Neutral Sentiment: An earnings-call recap characterized the quarter as signaling recovery and growth, though the available report provides limited additional detail. Article
• Negative Sentiment: A previously announced equity buyback plan has expired, potentially removing a source of share-repurchase support; the report does not indicate whether Primo Brands plans a replacement program. Article

About Primo Brands

Primo Brands Corporation is a beverage company focused on providing water and hydration products across North America. The company offers bottled water, water dispensers, refill services, filtration products and other beverage options for households, businesses and retail customers.

Its portfolio includes well-known regional and national water brands such as Poland Spring, Deer Park, Ice Mountain, Arrowhead, Ozarka, Zephyrhills, Pure Life and Primo. Products are distributed through retail stores, direct delivery, e-commerce and workplace and residential water services.

Primo Brands was created through the combination of Primo Water Corporation and BlueTriton Brands, a transaction completed in 2024.