Primo Brands Reports Third Quarter 2026 Results with Increased Net Income
Primo Brands Corporation (NYSE: PRMB) reported third-quarter results for the period ending September 30, 2026, highlighted by a significant increase in net income from continuing operations to $124.5 million, up from $40.5 million in the prior year. Net sales grew 3.1% year-over-year to $1.82 billion, driven largely by premium brands and regional spring water performance. Despite a slight compression in Adjusted EBITDA margin to 22.6%, the company demonstrated strong cash flow generation with $210.6 million in free cash flow. Management expressed confidence in long-term growth and announced a new $300 million share repurchase program aimed at returning capital to shareholders while managing a net leverage ratio of 3.32x.
Tickers: $PRMB
Topics: adjusted EBITDA earnings report net sales share repurchase program