Primo Brands Corp (PRMB) Form 8-K — Aug 5, 2026
Primo Brands Corporation (NYSE: PRMB) reported second-quarter 2026 net sales of $1,796.2 million, up 3.8% year over year, exceeding management's expectations on strength in retail channels led by regional spring water and premium brands plus an earlier-than-anticipated return to growth in Direct Delivery. Net income from continuing operations more than doubled to $69.2 million, or $0.19 per diluted share, from $30.5 million a year ago, while Adjusted EBITDA rose 5.0% to $385.0 million with margin up 20 bps to 21.4%. Adjusted EPS was essentially flat at $0.37 versus $0.36.
Key figures
- Eps
- $0.19 diluted (continuing operations, Q2 2026) vs $0.08 prior year
- Revenue
- $1,796.2 million (Q2 2026 net sales; H1 2026: $3,422.3 million)
- Guidance
- FY2026 net sales growth raised to 2%-4% (from 1%-3%); Adjusted EBITDA reaffirmed at $1,465M-$1,515M; Adjusted Free Cash Flow $790M-$810M; Base CAPEX 4% of net sales
- Net Income
- $69.2 million from continuing operations (Q2 2026) vs $30.5 million prior year
- Total Debt
- $5.3 billion ($5,250.0 million excluding unamortized debt costs and discounts)
- Revenue Yoy
- +3.8%
- Cash Position
- $366.5 million unrestricted cash and cash equivalents as of June 30, 2026
- Net Debt
- $4,883.5 million
- Adjusted Eps
- $0.37 vs $0.36 prior year
- Gross Margin
- 30.5% vs 31.3% prior year
- Free Cash Flow
- $123.3 million
- Adjusted Ebitda
- $385.0 million, +5.0% YoY
- Dividends Paid Q2
- $43.5 million
- Net Leverage Ratio
- 3.42x
- Adjusted Net Income
- $134.2 million vs $137.1 million prior year
- Operating Cash Flow
- $227.9 million (Q2, continuing operations)
- Share Repurchases Q2
- $15.5 million
- Adjusted Ebitda Margin
- 21.4% vs 21.2% prior year (+20 bps)
- Adjusted Free Cash Flow
- $200.1 million vs $169.7 million prior year
Price after filing
Close on the filing date to close N calendar days later (from $23.29). Historical, not a forecast.
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