#USA #Q3 Results #Tampa, Florida #Primo Brands #Eric Foss

Primo Brands Reports Impressive Q3 2025 Results

Primo Brands Corporation, a leading North American branded beverage company, has announced outstanding financial figures for the third quarter of 2025, showcasing a remarkable increase in net sales and solid growth across its premium brand offerings. The company reported net sales of $1,766.1 million, translating to a 35.3% increase compared to the same period in the previous year. This surge in revenue was driven primarily by its marquee brands, including Saratoga® and The Mountain Valley®, which experienced continued double-digit growth. The results highlight the effectiveness of the company's recent focus on premium water brands and its expanding offerings in exchange and refill services.

David Hass, Chief Financial Officer of Primo Brands, emphasized the company's growth and strategic execution. In addition to the net sales increase, the company improved its Adjusted EBITDA margin to 22.9%, reflecting a robust 270 basis point expansion compared to the prior year. This operational efficiency supports the company's vision of building a resilient and customer-centric organization.

Leadership Transition and Future Outlook

In a strategic move to enhance its leadership, Primo Brands announced the appointment of Eric Foss as the new Chairman and Chief Executive Officer. Eric, who previously served on the Board of Directors, brings valuable experience to the roles as the company navigates its growth trajectory post-merger with BlueTriton Brands. Under his leadership, the company aims to cement its position as a leading player in the bottled water market, focusing on innovation and sustainability.

The board has declared a quarterly dividend of $0.10 per share, payable on December 5, 2025. This decision underscores the company's commitment to delivering shareholder value while maintaining a strategic focus on operational excellence and synergy capture, which are anticipated to generate $200 million in cost synergies in 2025 and $300 million in 2026.

Financial Performance Highlights

The third quarter financial report revealed notable figures:

• - Net income from continuing operations stood at $40.5 million, with a diluted earnings per share of $0.11.
• - Adjusted net income reached $155.0 million, which translates to an adjusted diluted earnings per share of $0.41.
• - Free cash flow was reported at $150.7 million, with an Adjusted Free Cash Flow of $311.1 million, indicating strong operating cash generation even after accounting for capital expenditures.

The integration following the merger led to some increased expenditures, including selling, general and administrative costs, which rose to $343.0 million, mainly due to additional operational requirements of the newly integrated company. Despite these costs, the company continues to project further improvement in overall performance for the remainder of 2025 and into 2026.

Community Commitment and Sustainability

Primo Brands remains dedicated to sustainability and responsible sourcing. The company operates over 80 spring sources, ensuring a steady supply of high-quality water while also aiming to conserve over 28,000 acres of land across North America. Its environmental initiatives focus on reducing waste with an emphasis on reusable packaging and innovative delivery systems, ensuring hydration solutions are accessible in every household and business.

In conclusion, Primo Brands' Q3 2025 results reflect an encouraging path forward as the company capitalizes on growth opportunities within the beverage market. With a clarified strategic direction under new leadership and a commitment to operational excellence, Primo Brands is poised for sustained success in the years to come.