Primo Water (PRMW) Tops Q3 EPS by 9c

Primo Water (NASDAQ: PRMW) reported Q3 EPS of $0.24, $0.09 better than the analyst estimate of $0.15. Revenue for the quarter came in at $517.5 million versus the consensus estimate of $497.13 million.

GUIDANCE:

Primo Water sees Q4 2020 revenue of $470-500 million, versus the consensus of $485.8 million.

• Primo is targeting fourth quarter 2020 consolidated revenue from continuing operations of approximately $470 to $500 million excluding the impact of foreign exchange as well as adjusted EBITDA of $85 to $95 million. Fiscal 2020 is a 53-week fiscal year, with an additional operating week in the fourth quarter of 2020. The targets include the legacy Primo business, the benefit of the 53rd week and exclude the divested S&D Coffee and Tea which is included in discontinued operations.

For earnings history and earnings-related data on Primo Water (PRMW) click here.

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