Overview

* Primo Brands ( PRMB ) Q3 net sales grow 35.3% yr/yr, driven by merger and increased volumes

* Adjusted EPS for Q3 beats analyst expectations, reflecting strong operational performance

* Company announces leadership transition, appointing Eric Foss as Chairman and CEO

Outlook

* Primo Brands ( PRMB ) revises full-year 2025 Net Sales and Adjusted EBITDA guidance

* Company reaffirms cost synergy targets of $200 mln in 2025, $300 mln in 2026

Result Drivers

* PREMIUM BRANDS - Double-digit net sales growth driven by premium water brands Saratoga and The Mountain Valley

* MERGER IMPACT - Net sales growth primarily driven by merger with Blue Triton Brands and increased volumes

* EXCHANGE AND REFILL GROWTH - Strong performance from Exchange and Refill offerings with growing distribution and volumes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Meet $1.77 $1.77

bln bln (12

Analysts

)

Q3 Beat $0.41 $0.36

Adjusted (13

EPS Analysts

)

Q3 EPS $0.05

Q3 Beat $155 mln $134.59

Adjusted mln (8

Net Analysts

Income )

Q3 EPS $0.11

from

Cont Ops

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-alcoholic beverages peer group is "buy"

* Wall Street's median 12-month price target for Primo Brands Corp ( PRMB ) is $35.00, about 35.3% above its November 5 closing price of $22.66

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)