Inferra AI / Company / PRMB

Primo Brands Corp

PRMB · Consumer Staples

Last earnings Aug 5, 2026

Key results

Gross marginquarter

30.5%

• Gross margin was 30.5% compared to 31.3%, primarily driven by increased transportation related costs and depreciation and amortization, partially offset by the growth in revenue and lower non-recurring integration related costs incurred in the current quarter.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Net incomequarter

$69.2 million

• Net income from continuing operations and net income per diluted share were $69.2 million and $0.19 per diluted share, respectively, compared to net income from continuing operations and net income per diluted share of $30.5 million and $0.08, respectively.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Adjusted free cash flowquarter

$169.7 million

Adjusted Free Cash Flow of $169.7 million in the prior year quarter.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

AI analysis

Q2 2026 · reported Aug 5, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Diluted EPS · Q2 2026

$0.19

EX-99 · Aug 5, 2026

Gross margin · Q2 2026

30.5%

EX-99 · Aug 5, 2026

Adjusted free cash flow · Q2 2026

$169.7M

EX-99 · Aug 5, 2026

Net income · Q2 2026

$69.2M

EX-99 · Aug 5, 2026

Headline figures

Metric	Q2 2026	Prior qtr	Year ago
Gross margin	30.5%	—	—
Net income	$69.2 million	—	—
Adjusted free cash flow	$169.7 million	—	—

EX-99 · Aug 5, 2026

Guidance · company-stated

Direction: Raised

Revenue

““The strength we are seeing across the business gives us the confidence to raise our full-year Net Sales growth outlook for the second consecutive quarter.”

Company outlook

“We are reaffirming our Adjusted EBITDA guidance range as we continue to prioritize growth investments, while actively managing inflationary pressures through multiple levers across the business.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin30.5%

Cash flow & capex

Adjusted free cash flow$169.7M

Capital allocation

Cash dividend$43.5M

Capex$104.6M

Free cash flow$123.3M

Adjusted free cash flow$200.1M

• Cash dividends were $43.5 million for the quarter ended June 30, 2026.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

“Second-quarter top-line results exceeded our expectations, driven by robust growth in Retail channels led by our regional spring water and premium brands and an earlier-than-anticipated return to growth in Direct Delivery

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: ““The strength we are seeing across the business gives us the confidence to raise our full-year Net Sales growth outlook for the second consecutive quarter.”

Company outlook: “We are reaffirming our Adjusted EBITDA guidance range as we continue to prioritize growth investments, while actively managing inflationary pressures through multiple levers across the business.”

Revenue — Raised (“raise”)
““The strength we are seeing across the business gives us the confidence to raise our full-year Net Sales growth outlook for the second consecutive quarter.”

Company outlook — Reiterated (“reaffirming”)
“We are reaffirming our Adjusted EBITDA guidance range as we continue to prioritize growth investments, while actively managing inflationary pressures through multiple levers across the business.”

Classified from the release's primary full-year outlook statement.

Capital allocation

• Cash dividends were $43.5 million for the quarter ended June 30, 2026.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

• Share repurchases under our repurchase plan, including brokerage commissions, were $15.5 million during the quarter ended June 30, 2026.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

SECOND QUARTER CASH FLOW & LIQUIDITY • Net cash provided by operating activities from continuing operations of $227.9 million, less $104.6 million of capital expenditures and additions to intangible assets, resulted in $123.3 million of free cash flow, or $200.1 million of Adjusted Free Cash Flow (adjusting for the items set forth on Exhibit 6), compared to net cash provided by operating activities from continuing operations of $155.0 million and Adjusted Free Cash Flow of $169.7 million in the prior year quarter.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

• Total debt, excluding unamortized debt costs and discounts, was $5.3 billion and unrestricted cash and cash equivalents totaled $366.5 million, each as of June 30, 2026, resulting in net debt of $4.9 billion and a net leverage ratio of 3.42x.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Primo Brands utilizes net debt and net leverage ratio.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Management uses net debt as an assessment of overall liquidity, financial flexibility, and leverage, and net leverage ratio as an indicator of the Company’s ability to meet its future financial obligations.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Strategy & priorities

We are reaffirming our Adjusted EBITDA guidance range as we continue to prioritize growth investments, while actively managing inflationary pressures through multiple levers across the business.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

With a customer-first culture, a differentiated portfolio of leading brands across the value spectrum, an advantaged route to market, and disciplined execution, we believe we have the right foundation to drive sustainable, balanced growth, support margin expansion as growth scales, and create long-term stockholder value.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

ABOUT PRIMO BRANDS CORPORATION Primo Brands is a leading North American branded beverage company focused on healthy hydration, delivering responsibly sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed in every U.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Primo Brands is committed to supporting the communities it serves, investing in local and national programs and delivering hydration solutions following natural disasters and other local community challenges.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

The forward-looking statements contained in this press release include, but are not limited to, statements regarding future financial and operating trends and results (including Primo Brands' 2026 outlook and resiliency in 2026 and beyond), execution of the Company’s strategy and Primo Brands' competitive position.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Risks & headwinds

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

We have not reconciled our Adjusted EBITDA and Adjusted Free Cash Flow guidance to GAAP net income or loss and cash flows from operations, respectively, because we do not provide guidance for such GAAP measures due to the uncertainty and potential variability of certain adjusting items, including stock-based compensation expense, acquired intangible assets and related amortization, income taxes, acquisition, integration and restructuring expenses, and unrealized (gain) loss on foreign exchange and commodity forwards.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Forward-looking statements involve inherent risks and uncertainties and Primo Brands cautions you that several important factors could cause actual results to differ materially from those contained in any such forward-looking statement.

SEC original ↗Primo Brands Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Legal Proceedings 47 Item 1A.

SEC original ↗Primo Brands Corp — 10-Q Quarterly report10-QAug 5, 2026

Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, those discussed under "Risk Factors" in Part I, Item 1A.

SEC original ↗Primo Brands Corp — 10-Q Quarterly report10-QAug 5, 2026

Documents

Earnings deck slides

0 decks with slide view

Primo Brands Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors