Primo Brands Corp (PRMB) News & EventsPRMBPrimo Brands Corp

Company Reaffirms FY26 Adjusted EBITDA Outlook of $1.47B to $1.52B

Backs FY26 adjusted EBITDA view $1.47B-$1.52B. Backs FY26 base capital expenditures view 4% of net sales. The company said, "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. 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."

Company Reports Q2 Revenue of $1.8B, Exceeding Expectations

Reports Q2 revenue $1.8B, consensus $1.76B. "We are encouraged by our first-half progress, which reflects stronger fundamentals, improved execution, and increased momentum across the business," said Eric Foss, Chairman and Chief Executive Officer. "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."

Primo Brands Appoints Vaughn Dickinson as President of Customer Direct

Primo Brands announced organizational leadership changes designed to strengthen its customer experience, accelerate key growth priorities, and create a more agile, accountable operating model. As part of these changes, Vaughn Dickinson has joined the Company as President of Customer Direct & Go-to-Market, reporting to the CEO. His experience with multiple fast-moving consumer goods companies, including key leadership roles at PepsiCo, makes him a strong fit for the position as the Company focuses on improving customer experience, service reliability, profitable execution, and route-to-market scalability. As the Company moves to this more streamlined leadership model, the role of COO will be eliminated. To support a successful transition, Robert Austin will remain with the Company until December 31.