07:09 AM EDT, 08/08/2024 (MT Newswires) -- Primo Water ( PRMW ) on Thursday reported higher adjusted profit and revenue for its second quarter.

The company, which last month said it is merging with BlueTriton Brands, said adjusted net income rose to US$42 million, or US$0.26 per share, from US$31 million, or US$0.20 per share, last year.

Revenue increased 7.6% to US$485 million compared to US$451 million driven by revenue growth of 3.1% attributable to volume and 4.5% to pricing.

The company is increasing its full year 2024 revenue target to between US$1.87 billion and US$1.89 billion.

The company will pay a quarterly dividend of US$0.09 per share on September 5.

Primo Water ( PRMW ) is up US$0.35 to US$22.15 in U.S. premarket trade.