Primo Brands Reports 2026 Third Quarter Results
Primo Brands reported Q3 2026 net sales of $1.82 billion, up 3.1% year-over-year, with GAAP net income from continuing operations more than tripling to $124.5 million ($0.34 diluted EPS vs $0.11 a year ago). Adjusted EBITDA rose 1.6% to $411.0 million, but the margin slipped 30 bps to 22.6%, and management guided FY26 Adjusted EBITDA to the lower end of the prior $1,465M-$1,515M range with net sales near the midpoint of the 2-4% growth range. The Board declared a $0.12 per-share dividend and authorized a new $300 million share repurchase program replacing the prior plan that had roughly $41 million remaining.
Key figures
- Eps
- 0.34
- Revenue
- 1821
- Guidance
- FY26 Net Sales to approximate the midpoint of prior 2-4% growth range; Adjusted EBITDA at the lower end of prior $1,465M-$1,515M range; Adjusted FCF $790M-$810M unchanged
- Revenue Yoy
- 3.1%
- Fcf
- 210600000
- Net debt
- 4800000000
- Net income
- 124.5
- Adjusted eps
- 0.43
- Adjusted fcf
- 274200000
- Gross margin
- 30.4%
- Adjusted ebitda
- 411
- Dividend per share
- 0.12
- Net leverage ratio
- 3.32x
- Adjusted ebitda yoy
- 1.6%
- Buyback authorization
- 300000000
- Adjusted ebitda margin
- 22.6%
AI analysis
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