Primo Brands Reports Q3 2026 Net Sales Growth and New Share Repurchase Authorization
Primo Brands (PRMB) reported third-quarter 2026 net sales of $1,821 million, a 3.1% increase driven by premium brands and regional spring water. While the company saw significant growth in net income from continuing operations to $124.5 million, adjusted EBITDA margins faced pressure, declining 30 basis points to 22.6% due to elevated freight costs and spot rates. The company demonstrated operational improvements, including a substantial increase in On-Time In-Full (OTIF) delivery rates to 90%. To manage capital, Primo Brands announced a new $300 million share repurchase authorization and maintained its full-year net sales guidance at approximately 3% growth. Despite macro-cost pressures affecting EBITDA guidance, the company reaffirmed strong adjusted free cash flow expectations for the remainder of the year.