Primo Water Corporation provides water direct to consumers and water filtration services in North America and Europe. It offers bottled water, purified bottled water, premium spring, sparkling and flavored water, mineral water, filtration equipment, and coffee; as well as water dispensers, and self-service refill drinking water. The company offers its products under the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Nursery, Sierra Springs, Sparkletts, Clear Mountain Natural Spring Water, Earth2O, Renü, Water Event Pure Water Solutions, Canadian Springs, Labrador Source, Decantae, Eden, Eden Springs, Chateaud'eau, and Mey Eden brands. It provides its services to residential customers, small and medium-sized businesses, and regional and national corporations and retailers. The company was formerly known as Cott Corporation and changed its name to Primo Water Corporation in March 2020. Primo Water Corporation was incorporated in 1955 and is headquartered in Tampa, Florida.

Primo Water Corporation

Primo Water Corporation provides water solutions for consumers, offering returnable, refillable, and reusable bottles. Self-described as environmentally friendly, the company emphasizes sustainability in its operations.

Food and Beverage Manufacturing

Mountain Valley Spring Water

Primo Water Corporation | 22,861 followers on LinkedIn. Inspiring healthier lives with water your way. | Primo Water is a leading North America-focused pure-play water solutions provider that operates largely under a recurring revenue model in the large format water category (defined as 3 gallons or greater). This business strategy is commonly referred to as “razor-razorblade” because the initial sale of a product creates a base of users who frequently purchase complementary consumable products. The razor in Primo Water‘s revenue model is its industry leading line-up of innovative water dispensers, which are sold through approximately 11,200 retail locations and online at various price points.

Susan Cates

Sr. Deductions Analyst at Primo Water North America

Marti Been

CEO & CISO @ Gilberts Cyber

David Gilberts

Shane Perkey

Customer Service Appreciation may only be a short week of celebration, but we believe that the dedication and hard work of our associates and leaders in the Customer Experience Center should be recognized every day. After a brief delay due to Hurricane Milton, we were finally able to gather and enjoy fun team activities, while reflecting on the importance of our ‘Customer for Life’ promise. A sincere thank you to our outstanding Customer Experience Team for their unwavering commitment to prioritizing our customers and keeping them at the heart of our business. Your efforts truly make a difference, and we appreciate you - today and every day! #PrimoWater #CustomerServiceAppreciation

Hurricane Milton has left behind yet another trail of devastation, impacting countless lives across Florida. In the aftermath of this storm, our thoughts are with the communities affected, and we are committed to supporting them during this challenging time. Primo Water Corporation took immediate action to provide emergency water supplies to many of our retail partners in anticipation of the storm while maintaining the safety of our associates, ensuring that vital resources were in place to assist throughout Florida. We are continuing to work with impacted communities and local businesses to distribute a significant amount of high-quality drinking water to those in need. The dedication and teamwork displayed by our associates has been inspiring, reinforcing our promise to do the right thing by providing support and essential resources where they are needed most. We thank them for their commitment and for embodying the true spirit of our organization. As relief efforts continue, we will remain vigilant, monitoring needs on the ground and responding to further requests. You can contact our customer service at water.com . #PrimoWater #HurricaneMilton #DisasterRelief

In the wake of Hurricane Helene, our hearts are with everyone who has been impacted by its destructive path. Primo Water Corporation is dedicated to supporting the communities in which we live and serve to help those in need. We have mobilized resources to provide 785,000+ bottles of water so far and are working closely with local organizations and our retail partners to assist with relief efforts. Our associates jumped into action to provide relief to our communities by quickly delivering safe, high-quality drinking water to the affected areas. Their efforts speak to the core values of our organization, and we thank them deeply. We remain committed to offering support and water donations as recovery efforts continue. Contact our customer service through water.com . #PrimoWater #HurricaneHelene #DisasterRelief

In keeping stride with one of Primo Water’s core priorities to promote hydration and wellness in the local communities in which we live and work, on Friday, September 13th and Wednesday, September 18th, Viola Johnson Jacobs , Director of Government Affairs, Eric DeVanie , VP of Quality and Sustainability, and other team members proudly hosted two separate events at our Ephrata, Pennsylvania and Los Angeles, California plants this past week for elected officials in their respective regions. The Ephrata, Pennsylvania facility hosted U.S. Congressman, Lloyd Smucker (R-11), his staff and Cory Martin , VP of Government Relations with the International Bottled Water Association . During the tour, Rep. Smucker learned about the strong history and importance of high-quality bottled water in the region and recognized a number of long-tenured associates for their dedication and years of service. Rep. Smucker is a member of the influential House Ways and Means Committee, which oversees tax policy. The Los Angeles, California facility hosted state Senator Maria Durazo and her staff. Sen. Durazo commended Primo Water underscoring the significance of companies like ours that exemplify a deep commitment to the communities in which we operate and serve. This commitment is demonstrated by our long-tenured, multi-generational workforce, with some associates dedicating 30 to 40 years of service. Sen. Durazo is a member of the Labor, Public Employment and Retirement Committee. Conducting bottled water facility tours for members of our community and elected officials is a great way to build relationships with our diverse and passionate team members and to also learn how Primo Water supports and gives back to communities and causes. Likewise, plant tours provide excellent opportunities for our state and federal lawmakers to meet with their constituents, hear our success stories, and learn about the business challenges our company faces. #PrimoWater

Building on our unwavering commitment to sustainability and social responsibility, Primo Water is thrilled to present our 2023 Sustainability Report, where we've outlined the significant strides we've taken in reaching our future goals. Here are just a few highlights of our key accomplishments from the past year. Inspiring Healthier Lives - Over 1.5 million water direct customers - 41,000+ North American access points to affordable high-quality drinking water in reusable, refillable format Inspiring Healthier Communities - 140% increase in supplier diversity spend - Over $1 million in annual global donations Inspiring a Healthier Planet - 6 million gallons of water saved in LA plant - 25% reduction in CO2e over baseline Discover the full details of our sustainability efforts at https://bit.ly/4gkbh9E . #PrimoWater #sustainability #sustainabilityreport

For #InternationalDayofCharity , we’re celebrating our continuous efforts to Inspire Healthier Lives and extend compassion globally. 🌍 This commitment is evident in every step we take. From donating over 2.6K liters of water to shelters and disaster-stricken areas, to collaborating with charity giants like Mission of Hope and Hosea Feed the Hungry and Homeless. Our efforts have gone far beyond the US – packaging 10,000 meals for the children of Haiti, and 100+ pallets contributing to shelter-building for those displaced in Gatineau, Canada. 💧🏠 Additionally, we are proud of our initiatives to protect the planet by participating in environmental cleanup efforts, ensuring a healthier future for our communities and environment alike. As we honor this day of giving, we reaffirm our dedication to making a meaningful impact and building a brighter, more compassionate world together. #PrimoWater

At Primo Water, we know that it’s often the small, unseen gestures that make the biggest impact. This week, we’re proud to spotlight Gillian Jenkins, one of our Route Sales Representatives out of Palm Harbor. In the midst of Hurricane Debby, Gillian noticed that one of his customers hadn’t put out their empty 5-gallon bottles to be replaced. Instead of just moving on and chalking it up to the weather, he took the initiative to knock on their door to ensure the empty bottles were collected and replaced with refreshing, high-quality Primo Water. In a time where safe water may not be easy to attain, due to hurricane preparations, Gillian went the extra mile to ensure his customer received their delivery and had an outstanding experience. “Gillian always puts himself last, which is why he's always first in our minds when it comes to customer service and teamwork. His experience in the military has undoubtedly shaped his approach to handling unpredictable situations like storms, where quick thinking and a customer-first mentality are paramount.” said Ricardo Suarez, District Operations Manager. Thank you, Gillian, for delivering on our customer promise in the face of this storm. Actions like this, however big or small, contribute to the overall customer experience and show your commitment to operational excellence and the well-being of your community. #PrimoWater #MomentsThatMatter

Today we released our Primo Water Corporation Q2 results. We continue to execute well against our clear and focused strategy. As a result, we are delivering accelerated topline growth which is balanced and broad based. Our growth and productivity initiatives are enabling margin expansion and delivering strong earnings growth. Since the beginning of this year our team embraced a new strategy that includes a focus on customer-centric initiatives, must win priorities, as well as a commercial and growth mindset leveraging our portfolio of hydration solutions. The focus on the "must-wins" of delivering exceptional customer service, being the water solutions partner of choice, and operational excellence is driving growth and creating value for our stakeholders. We remain focused on the front-line performance of our business to grow profitably as we prepare for the previously announced proposed merger with BlueTriton Brands. We believe the combination of these two companies and their expansive brand and product portfolios will position us to better serve our customers and to fulfill their hydration needs. Click here for more details: https://bit.ly/3yjY4Ne . #PrimoWater #earningsresults

We are thrilled to announce that we were the presenting sponsor of the 9th Annual Begin Again Foundation Gala and Golf Tournament in Virginia Beach, Virginia, featuring our premium spring water brand, Mountain Valley. The Begin Again Foundation’s vital mission to educate on sepsis and toxic shock, support survivors and their families, and aid communities in crisis deeply resonates with us. We proudly stand with such a cause. A heartfelt thank you to everyone who attended and contributed to making a difference! #PrimoWater #BeginAgainFoundation

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	2.09B -	2.10B 0.42%	2.94B 40.00%	3.24B 9.92%	2.27B 29.86%	2.37B 4.55%	2.39B 0.91%	1.95B 18.42%	2.07B 6.13%	2.22B 6.84%	1.77B 20.01%
cost of revenue	1.84B -	1.83B 0.85%	2.05B 12.17%	2.16B 5.53%	1.14B 47.17%	1.20B 4.84%	1.17B 2.56%	839.60M 28.04%	915.90M 9.09%	921.70M 0.63%	634.80M 31.13%
gross profit	252M -	276.50M 9.72%	895.50M 223.87%	1.07B 19.96%	1.13B 4.98%	1.18B 4.25%	1.23B 4.44%	1.11B 9.28%	1.16B 3.91%	1.29B 11.75%	1.14B 12.09%
selling and marketing expenses							501.80M -	462.60M 7.81%
general and administrative expenses							611.20M -	544M 10.99%
selling general and administrative expenses	160.40M -	255M 58.98%	768.60M 201.41%	958.10M 24.66%	1.04B 8.83%	1.09B 4.74%	1.11B 1.91%	1.01B 9.56%	1.03B 2.75%	1.15B 11.32%	976M 15.23%
research and development expenses
other expenses	-12.80M -	-21M 64.06%	9.50M 145.24%	-3.90M 141.05%	3M 176.92%	42.90M 1,330%	-2.80M 106.53%	-18.70M 567.86%	-27.90M 49.20%	-8.80M 68.46%	4.50M 151.14%
cost and expenses	2.00B -	2.08B 3.94%	2.82B 35.35%	3.12B 10.75%	2.18B 29.97%	2.29B 4.79%	2.28B 0.42%	1.85B 19.02%	1.95B 5.63%	2.07B 6.30%	1.61B 22.30%
operating expenses	160.40M -	255M 58.98%	768.60M 201.41%	958.10M 24.66%	1.04B 8.83%	1.09B 4.74%	1.11B 1.91%	1.01B 9.56%	1.03B 2.75%	1.15B 11.32%	976M 15.23%
interest expense	51.60M -	39.70M 23.06%	111M 179.60%	124.20M 11.89%	85.50M 31.16%	77.60M 9.24%	78.20M 0.77%	81.60M 4.35%	68.80M 15.69%	69.80M 1.45%	71.40M 2.29%
ebitda	179.60M -	111.20M 38.08%	360.20M 223.92%	350.90M 2.58%	276.60M 21.17%	321M 16.05%	304.80M 5.05%	290.70M 4.63%	314.30M 8.12%	376M 19.63%	358.80M 4.57%
operating income	88.60M -	15.70M 82.28%	99.40M 533.12%	82.20M 17.30%	48.90M 40.51%	58.80M 20.25%	90.40M 53.74%	88.60M 1.99%	103M 16.25%	127.90M 24.17%	163.40M 27.76%
depreciation and amortization	100.80M -	110.70M 9.82%	223.80M 102.17%	238.70M 6.66%	188.60M 20.99%	194.60M 3.18%	214.40M 10.17%	202.10M 5.74%	211.30M 4.55%	248.10M 17.42%	193.30M 22.09%
total other income expenses net	-15.80M -	-26.80M 69.62%	-18M 32.84%	-37.80M 110.00%	-33.10M 12.43%	18.20M 154.98%	-81M 545.05%	-241.10M 197.65%	-96.70M 59.89%	-78.60M 18.72%	1.20M 101.53%
income before tax	24.20M -	-45M 285.95%	-2.10M 95.33%	-45.90M 2,085.71%	-33.60M 26.80%	24.10M 171.73%	9.40M 61.00%	-152.50M 1,722.34%	6.30M 104.13%	49.30M 682.54%	90.80M 84.18%
income tax expense	2.20M -	-61.40M 2,890.91%	-22.70M 63.03%	25.60M 212.78%	-30M 217.19%	-4.80M 84%	9.50M 297.92%	4.30M 54.74%	9.50M 120.93%	19.70M 107.37%	27M 37.06%
net income	17M -	10.80M 36.47%	14.50M 34.26%	-77.80M 636.55%	-1.40M 98.20%	382.90M 27,450%	-100K 100.03%	-156.80M 156,700%	-3.20M 97.96%	29.60M 1,025%	238.10M 704.39%
weighted average shs out	94.75M -	93.78M 1.03%	103.04M 9.87%	128.29M 24.51%	139.08M 8.41%	139.10M 0.01%	135M 2.95%	155.25M 15.00%	160.78M 3.56%	160.76M 0.01%	159.45M 0.82%
weighted average shs out dil	95.63M -	95.90M 0.28%	103.04M 7.44%	128.29M 24.51%	139.08M 8.41%	141.44M 1.70%	135.22M 4.39%	155.45M 14.95%	160.78M 3.43%	161.88M 0.69%	160.62M 0.78%
eps	0.18 -	0.11 38.89%	-0.03 127.27%	-0.61 1,933.33%	-0.01 98.34%	2.75 27,327.72%	-0.00 100.03%	-1.01 144,185.71%	-0.02 98.03%	0.18 1,004.52%	1.49 727.78%
epsdiluted	0.18 -	0.10 44.44%	-0.03 130%	-0.61 1,933.33%	-0.01 98.34%	2.71 26,931.68%	-0.00 100.03%	-1.01 144,185.71%	-0.02 98.03%	0.18 1,004.52%	1.48 722.22%

COM:PRIMOWATERCORP

Primo Water Corporation

Last Close

35.36

12/11 21:00

Market Cap

4.60B

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Volume Today

310.48K

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