Primo Water(PRMW)
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Shareholder Alert: Ademi LLP investigates whether Primo Water Corporation has obtained a Fair Price for its Public Shareholders
Prnewswire· 2024-06-19 00:19
MILWAUKEE, June 18, 2024 /PRNewswire/ -- Ademi LLP is investigating Primo Water (NYSE: PRMW) (TSX: PRMW) for possible breaches of fiduciary duty and other violations of law in its transaction with BlueTriton.Click here to learn how to join the https://www.ademilaw.com/case/primo-water-corporation-0 or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.In the transaction, Primo Water shareholders will exchange their shares into shares of a new holding company. Upon closing of t ...
Primo Water (PRMW) to Merge With BlueTriton via Stock Deal
ZACKS· 2024-06-18 23:30
Primo Water Corporation (PRMW) and an affiliate of BlueTriton Brands, Inc. (BlueTriton) announced a definitive agreement to create a hydration company in an all-stock transaction.Upon completion of the transaction, shareholders of Prime Water and BlueTriton will own 43% and 57% of the fully diluted shares of the combined company.Subject to necessary approval, the transaction is expected to close during the first half of 2025 and will generate $200 million in synergies. Post merger, the combined company will ...
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Primo Water Corporation
Prnewswire· 2024-06-18 04:05
NEW YORK, June 17, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Primo Water Corporation (NYSE: PRMW) and its board of directors concerning the proposed acquisition of the company by an affiliate of BlueTriton Brands, Inc. Primo Water stockholders will own approximately 43% of the combined company. The Transaction is expected to close in the first half of 2025.If you are a stockholder of Primo Water Corporation and are interested in obtaining additional informa ...
Primo Water Stock Jumps After Announcing Merger With Poland Spring Parent
Investopedia· 2024-06-17 22:41
Key TakeawaysTwo bottled water giants, Primo Water and BlueTriton, announced plans to merge Monday.The newly combined entity will remain a public company and expects to continue trading on the New York Stock Exchange (NYSE).Primo plans to pay a special dividend of 82 cents per share before the merger is closed, in addition to its normal quarterly dividend of 9 cents per share. Shares of bottled water company Primo Water (PRMW) jumped Monday after the company announced plans to merge with BlueTriton, which o ...
Primo Water and BlueTriton Agree to Merge, Creating a Leading North American Pure-Play Healthy Hydration Company
Prnewswire· 2024-06-17 18:00
Transformative all-stock transaction expected to present an estimated $200 million in run-rate cost synergiesCombined company expected to have significant financial and operating leverage with $6.5 billion in Net Revenue and $1.5 billion in Adjusted EBITDA1, including estimated synergies, for the twelve-month period ended March 31, 2024Increased presence, leading portfolio of iconic brands, diversified product offerings and enhanced distribution capabilities position the combined company for sustained long- ...
Reasons to Add Primo Water (PRMW) to Your Portfolio Now
ZACKS· 2024-05-31 19:35
Primo Water Corporation’s (PRMW) rising earnings estimates, stable return on equity (ROE) and growth prospects make it a great investment bet in the utility sector. The organic customer base growth and rising demand for water is also boosting prospects of the company. Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a robust investment option at the moment.Growth Projections & Surprise HistoryThe Zacks Consensus Estimate for 2024 and 2025 EPS has increased 7.9% and 2.8% to 95 cents and $1 ...
Primo (PRMW) Is Up 5.30% in One Week: What You Should Know
zacks.com· 2024-05-28 01:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Primo Water(PRMW) - 2024 Q1 - Earnings Call Transcript
2024-05-10 04:42
财务数据和关键指标变化 - 总收入增长9.6%,其中体量增长5.1%,价格增长4.5% [7][41] - 毛利率增长160个基点至64.4%,主要受益于价格、体量和运营效率提升 [74][75] - 调整后EBITDA增长24%至9400万美元,调整后EBITDA利润率提升250个基点至20.8% [41][74] 各条业务线数据和关键指标变化 - 直接供水和交换业务收入增长9% [42] - 水加注和过滤业务收入增长11% [42] - 高端春水品牌Mountain Valley零售收入增长57% [20][44] - 售水机业务收入增长32%,主要受益于体量增长57%抵消了预期的批发价格下降 [44] 各个市场数据和关键指标变化 - 公司业务在各个渠道和地区均实现了强劲的收入和体量增长 [7][42] - 公司的客户群体在住宅和商业客户之间保持大约50%的平衡 [10] 公司战略和发展方向及行业竞争 - 公司专注于提升客户体验、成为客户首选的水解决方案合作伙伴,以及追求卓越的运营效率 [14][22][30] - 公司看好北美大型水行业的长期增长潜力,尤其是在消费者对水质日益关注的背景下 [9][11][13] - 公司在高端春水品牌Mountain Valley方面持续投入,扩大产能以满足强劲需求 [20][21] 管理层对经营环境和未来前景的评论 - 尽管面临通胀和高利率等宏观挑战,但公司的消费需求仍然强劲 [9] - 公司有信心实现2024年的收入和利润指引,并将继续推进成本优化计划 [54][55][56] - 公司有望通过出售已停止经营的业务进一步提升自由现金流 [64][65] 问答环节重要的提问和回答 问题1 **Nik Modi 提问** 对于Robbert作为新任CEO的首个完整季度,他如何评价公司本季度的表现以及未来的发展 [72] **Robbert Rietbroek 回答** 公司实现了全面均衡的增长,各业务线和地区均表现强劲,体量和价格双驱动 [73][74][75][76][77] 问题2 **Derek Lessard 提问** 自动路径优化2.0计划的具体内容以及对路径效率提升的贡献 [143] **Robbert Rietbroek 回答** 该计划主要通过吸收一线员工反馈,不断优化路径规划算法,而不是依赖大规模技术变革 [144][145] 问题3 **Pavel Molchanov 提问** 未来并购整合的区域重点以及公司是否会维持近年来的渐进式股息政策 [135][137] **Robbert Rietbroek 和 David Hass 回答** 公司并购机会较为广泛,但更多取决于卖家意愿;股息政策未来将由董事会根据当时情况决定 [136][138]
Primo Water(PRMW) - 2024 Q1 - Earnings Call Presentation
2024-05-09 23:14
PRIMO WATER 1st QUARTER 2024 RESULTS May 9, 2024 Cautionary Statements Safe Harbor Statement: This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section21E of the Securities Exchange Act of 1934 and applicable Canadian securities laws conveying management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements. Forward-looking statements involve inherent risks and uncertainties ...
Primo Water(PRMW) - 2024 Q1 - Quarterly Results
2024-05-09 20:05
Exhibit 99.1 CONTACT: Jon Kathol Vice President, Investor Relations Tel:813-544-8515 investorrelations@primowater.com Primo Water Announces First Quarter 2024 Results And Declares Quarterly Dividend • Results exceeded high end of Q1 Revenue and Adjusted EBITDA guidance • Revenue of $452 million, increased 9.6%, including 8.3% organic growth • Gross margin of 64.4%, increased 160 bps, and net income increased to $19 million • Adjusted EBITDA of $94 million, increased 24.2%, and Adjusted EBITDA margin of 20.8 ...