Primo Brands

Primo Brands shares fell 5.6% after a subsidiary of One Rock Capital Partners announced the sale of 20 million common shares in a guaranteed secondary placement. Morgan Stanley is leading the consortium for the placement; net proceeds will go entirely to the selling shareholder, and Primo Brands is not issuing any new shares. At the same time, Primo Brands agreed to repurchase US$10 million of its own shares from the selling shareholder, with completion planned to occur concurrently with, but not contingent on, the placement. » Más en de.investing.com

Primo Brands is reshaping its leadership: the COO position is being eliminated and Vaughn Dickinson has been named president of customer direct & go-to-market, reporting directly to CEO Eric Foss. The current COO, Robert Austin, will remain through December 31, 2026, to support the transition. Foss says the company is exiting integration and transformation phases and is now focused on disciplined growth; customer direct channels are expected to deliver modest comparable growth in the second half of the year. Primo Brands operates well-known water and beverage brands, has a market capitalization of about $9.05 billion and $6.68 billion in revenue over the last twelve months, and the stock is up roughly 56% year-to-date. » Más en de.investing.com

Primo Brands beat expectations in Q1 2026 with EPS of $0.23 and comparable net sales rising 1.7% to $1,626.1 million, driven by 42.8% growth in the premium water segment. Adjusted EBITDA fell 10.4% and the margin contracted to 18.8% due to higher transportation and integration costs and weather-related disruptions. The company generated strong free cash flow of $128.6 million, raised its organic revenue guidance for 2026 to 1–3% and maintained the EBITDA margin. Management plans margin improvements through synergies, cost hedges and price adjustments; net debt stands at 3.52x, available liquidity is $874 million, the dividend was increased and a buyback program remains in place. » Más en de.investing.com