Primo Water Corp (K:PRMW)

Sector:  Consumer Non-Cyclicals Industry:  Non-Alcoholic Beverages
 
See Regulatory Filings on SEC
Company Contact
Address: 1150 Assembly Dr., Suite 800
TAMPA FL 33607
Tel: N/A
Website: https://primowatercorp.com
IR: See website
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Key People
Jeremy S. G. Fowden
Chairman of the Board 		Robbert Rietbroek
Chief Executive Officer, Director 		David W. Hass
Chief Financial Officer
Anne Kathryn Melaragni
Chief Human Resource Officer 		Jason R. Ausher
Chief Accounting Officer 		William Alan Jamieson
Global Chief Information Officer
Mercedes Romero
Chief Procurement Officer 		Marni Morgan Poe
Chief Legal Officer, Secretary 		 
Business Overview
Primo Water Corporation is a pure-play water solutions provider that operates under a recurring revenue model in the large format water category. This business strategy is referred to as razor-razorblade. Its Razorblade offering includes Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, it delivers sustainable hydration solutions direct to customers, whether at home or to businesses. Through its Water Exchange business, customers visit retail locations and purchase a pre-filled bottle of water. Once consumed, empty bottles are exchanged at its recycling center displays, which provide a ticket that offers a discount towards the purchase of a new bottle. Water Exchange is offered in over 17,500 retail locations. Through its Water Refill business, customers refill empty bottles at nearly 23,500 self-service drinking water stations. It offers water filtration units across North America. Its water solutions offer access to purified, spring and mineral water.
Financial Overview
For the fiscal year ended 30 December 2023, Primo Water Corp revenues increased 5% to $1.77B. Net income before extraordinary items increased 9% to $63.8M. Revenues reflect Water Direct/Water Exchange segment increase of 8% to $1.35B, Water Refill/Water Filtration segment increase of 18% to $226.9M. Net income benefited from North America segment income increase of 9% to $222.2M, All Other segment loss decrease of 2% to $58.8M.
Employees: 6,400 as of Dec 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $3,687M as of Dec 30, 2023
Annual revenue (TTM): $1,772M as of Dec 30, 2023
EBITDA (TTM): $354.30M as of Dec 30, 2023
Net annual income (TTM): $63.80M as of Dec 30, 2023
Free cash flow (TTM): $150.90M as of Dec 30, 2023
Net Debt Last Fiscal Year: $777.10M as of Dec 30, 2023
Shares outstanding: 159,732,494 as of Mar 21, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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