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Primo Brands ( (PRMB) ) has shared an update.
Primo Brands Corporation reported strong organic combined net sales growth for the full year and fourth quarter of 2024, primarily driven by volume. The company is ahead of schedule in its integration process, increasing its estimated cost synergy opportunity to $300 million, with $200 million expected to be captured in 2025. Additionally, Primo Brands issued guidance for 2025 net sales, adjusted EBITDA, and adjusted free cash flow, while also increasing its quarterly dividend to $0.10 per common share. The announcement highlights the company’s strategic focus on brand strength and operational excellence, which is expected to continue driving growth and value for stakeholders.
More about Primo Brands
Primo Brands Corporation operates in the water industry, focusing on core water channels. The company is known for its brand leadership, net organic growth, and superior customer service, aiming to be the first choice for stakeholders.
YTD Price Performance: 5.91%
Average Trading Volume: 2,217,767
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.41B
See more data about PRMB stock on TipRanks’ Stock Analysis page.
