)
Primo Brands (PRMB) investor relations material
Primo Brands Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY 2025 reported net sales were $6.7B, up 29.3% year-over-year, with Q4 net sales at $1.554B, down 2.5% on a comparable basis but up 11.2% reported, reflecting merger impacts and improved Customer Direct recovery.
Comparable FY 2025 net sales declined 1% year-over-year, but adjusted EBITDA rose 45.5% to $1.447B, with margin up 170 bps to 21.7%.
Q4 adjusted EBITDA was $334.1M, up 31.1% year-over-year, with margin up 260 bps to 21.5%.
Integration of Primo Water and BlueTriton largely completed, forming a leader in healthy hydration, with remaining rounds focused on branch consolidation and ERP unification in 2026.
Strategic focus on restoring growth, expanding margins, and generating consistent free cash flow in 2026.
Financial highlights
Premium brands and premium water net sales grew 44% in FY 2025, while other segments saw modest declines.
FY 2025 comparable adjusted EBITDA margin increased 170 bps to 21.7%; Q4 margin rose 260 bps to 21.5%.
Adjusted free cash flow for FY 2025 was $750.3M, up from $456.2M in 2024, with a conversion rate of 51.9%.
Year-end net leverage ratio was 3.37x, with net debt at $4.87B and liquidity of $989M.
Q4 net loss from continuing operations improved to $25.3M from $153.9M; adjusted net income was $94.1M, up from $39.6M.
Outlook and guidance
FY 2026 guidance: organic net sales growth of 0%-1%, with growth weighted to the second half.
Adjusted EBITDA expected between $1.485B and $1.515B, with midpoint margin of 22.5%, up 70 bps.
Adjusted free cash flow projected at $790M-$810M; capital expenditures to be about 4% of net sales.
Dividend increased 20% to $0.48 per share annualized; $107M remains under share repurchase authorization.
Next Primo Brands earnings date
Next Primo Brands earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)