Primo Brands delivers $124.5M net income in third quarter

Primo Brands (NYSE:PRMB) reported third-quarter 2026 net sales of $1.821 billion, up 3.1% year over year, while net income from continuing operations increased to $124.5 million from $40.5 million.

Diluted earnings from continuing operations rose to $0.34 per share from $0.11, while adjusted EBITDA increased 1.6% to $411.0 million from $404.5 million.

The company's adjusted EBITDA margin declined to 22.6% from 22.9%, while quarter-end net debt reached $4.8 billion and net leverage stood at 3.32 times.

Primo Brands expects 2026 sales growth near the midpoint of its previous 2%–4% guidance range and adjusted EBITDA toward the lower end of its $1.465 billion–$1.515 billion forecast, while maintaining adjusted free cash flow guidance of $790 million–$810 million.

The company authorized a new share repurchase programme of up to $300 million, replacing its previous authorization, and declared a quarterly dividend of $0.12 per share payable December 4, 2026.

Primo Brands supplies bottled water and other beverage products through brands including Poland Spring, Pure Life, Deer Park, Saratoga and Mountain Valley, serving retail, commercial and residential customers across North America.