Primo Water Corporation (T:PRMW)
Business Focus: Bottled Water & Ice
| This company is also listed in the United States as PRMW. Click here to get the live US quote and see if there are any SEC insider filings.. |
| Sector: Consumer Non-Cyclicals | Industry: Non-Alcoholic Beverages |
| Company Contact | |
| Address: | 1150 Assembly Dr., Suite 800 TAMPA FL 33607 |
| Tel: | N/A |
| Website: | https://primowatercorp.com |
| IR: | See website |
| Key People | ||
| Robbert Rietbroek Chief Executive Officer, Director | David W. Hass Chief Financial Officer | Anne Kathryn Melaragni Chief Human Resource Officer |
| Jason R. Ausher Chief Accounting Officer | William Alan Jamieson Global Chief Information Officer | Mercedes Romero Chief Procurement Officer | Marni Morgan Poe Chief Legal Officer, Secretary |
| Business Overview |
| Primo Water Corporation is a pure-play water solutions provider that operates under a recurring revenue model in the large format water category. This business strategy is referred to as razor-razorblade. Its Razorblade offering includes Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, it delivers sustainable hydration solutions direct to customers, whether at home or to businesses. Through its Water Exchange business, customers visit retail locations and purchase a pre-filled bottle of water. Once consumed, empty bottles are exchanged at its recycling center displays, which provide a ticket that offers a discount towards the purchase of a new bottle. Water Exchange is offered in over 17,500 retail locations. Through its Water Refill business, customers refill empty bottles at nearly 23,500 self-service drinking water stations. It offers water filtration units across North America. Its water solutions offer access to purified, spring and mineral water. |
| Financial Overview |
| For the three months ended 30 March 2024, Primo Water Corp revenues increased 10% to $452M. Net income before extraordinary items increased from $3.2M to $18.7M. Revenues reflect Water Dispensers segment increase of 31% to $16.8M, United States segment increase of 10% to $435.8M, Canada segment increase of 1% to $15.9M. Net income benefited from North America segment income increase of 48% to $51.4M, All Other segment loss decrease of 2% to $15.8M. |
| Employees: | 6,400 as of Dec 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,701M as of Mar 30, 2024 |
| Annual revenue (TTM): | $2,292M as of Mar 30, 2024 |
| EBITDA (TTM): | $488.11M as of Mar 30, 2024 |
| Net annual income (TTM): | $104.81M as of Mar 30, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $1,054M as of Mar 30, 2024 |
| Shares outstanding: | 160,794,170 as of May 10, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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