Primo Brands Corp PRMB
When used in this report, the terms "the Company," "our Company," "Primo Brands," "we," "us," or "our" refers to Primo Brands Corporation, together with its consolidated subsidiaries, for periods following the Transaction (as defined below) and to Triton Water Parent, Inc. and its consolidated subsidiaries (collectively, "BlueTriton") and/or Primo Water Corporation and its consolidated subsidiaries (collectively, "Primo Water") for periods prior to the Transaction.
Primo Brands is a leading North American branded beverage company focused on healthy hydration, delivering responsibly sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in every U.S. state and Canada. We were organized as a Delaware corporation in 2024, initially under the name Triton US HoldCo, Inc. On November 8, 2024, Triton US HoldCo, Inc. completed a series of merger transactions involving BlueTriton and Primo Water, pursuant to which Primo Water and BlueTriton became wholly owned subsidiaries of Triton US Holdco, Inc. (including all related transactions, the "Transaction"). Triton US Holdco, Inc. was subsequently renamed Primo Brands Corporation. The Company became the successor issuer to Primo Water pursuant to Rule 12g-3(a) under the Exchange Act. Pursuant to Rule 12g-3(e) under the Exchange Act, our Class A common stock, par value $0.01 per share (the "Class A common stock") was deemed to be registered under Section 12(b) of the Exchange Act, and the Company is subject to the informational requirements of the Exchange Act and the related rules and regulations. On November 11, 2024, the Company's Class A common stock began regular-way trading on the New York Stock Exchange ("NYSE") under the ticker symbol "PRMB".
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $6.66B | $5.15B | $4.70B | $4.44B | — |
| Cost of revenue | $4.64B | $3.53B | $3.35B | $3.45B | — |
| Gross profit | $2.02B | $1.62B | $1.35B | $994.2M | — |
| SG&A | $1.39B | $1.05B | $924.2M | $887.0M | — |
| Operating income | $430.4M | $360.3M | $406.0M | $23.3M | — |
| Interest expense | $326.5M | $339.6M | $288.1M | $211.8M | — |
| Pre-tax income | $145.0M | $20.7M | $117.9M | -$179.8M | — |
| Income tax | $64.6M | $33.3M | $25.1M | $53.1M | — |
| Net income | $60.1M | -$16.4M | $92.8M | -$126.7M | — |
| EPS, basic | 0.16 | -0.07 | 0.29 | -0.74 | — |
| EPS, diluted | 0.16 | -0.07 | 0.29 | -0.74 | — |
| Shares, diluted (wtd. avg.) | 374.9M | 242.3M | 218.3M | 218.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $376.7M | $613.7M | $47.0M | $105.8M | — |
| Receivables | $431.8M | $444.0M | $397.5M | — | — |
| Inventory | $223.5M | $208.4M | $180.4M | — | — |
| Total current assets | $1.22B | $1.53B | $698.0M | — | — |
| Goodwill | $3.58B | $3.57B | $817.4M | $816.5M | — |
| Other intangibles | $2.99B | $3.19B | $1.42B | — | — |
| Total assets | $10.60B | $11.19B | $5.15B | — | — |
| Accounts payable | $518.9M | $471.6M | $356.5M | — | — |
| Short-term debt | $73.3M | $64.5M | $31.9M | — | — |
| Total current liabilities | $1.28B | $1.41B | $782.8M | — | — |
| Long-term debt | $5.08B | $4.96B | $3.45B | — | — |
| Total liabilities | $7.61B | $7.75B | $5.15B | — | — |
| Retained earnings | -$2.01B | -$1.51B | -$1.01B | — | — |
| Total equity | $2.99B | $3.44B | $2.7M | $134.6M | $341.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $680.3M | $463.8M | $320.9M | $108.3M | — |
| Depreciation and amortisation | $610.2M | $333.3M | $305.7M | $326.2M | — |
| Stock-based compensation | $49.9M | $8.7M | $1.3M | $1.8M | — |
| Capital expenditure | $377.4M | $150.2M | $203.6M | $258.5M | — |
| Investing cash flow | -$337.9M | $468.6M | -$217.6M | -$319.4M | — |
| Financing cash flow | -$632.0M | -$362.9M | -$162.3M | -$147.7M | — |
| Dividends paid | $151.3M | $35.7M | $0 | $0 | — |
| Buybacks | $421.5M | $10.4M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012779.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $4.44B | $4.70B | $5.15B | $6.66B |
| Gross profit | — | $994.2M | $1.35B | $1.62B | $2.02B |
| Net income | — | -$126.7M | $92.8M | -$16.4M | $60.1M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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