Primo Water (PRMW) Misses Q4 EPS by 19c, Beat on Revenue
Primo Water (NASDAQ: PRMW) reported Q4 EPS of ($0.39), $0.19 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $40.4 million versus the consensus estimate of $37.86 million.
Fourth Quarter 2016 Business Highlights:
- Completed the acquisition of Glacier Water Services on December 12, 2016
- Net sales increased 28% to a record $40.4 million, exceeding Company guidance
- US Exchange same-store unit sales increased 9.6%; 19th consecutive quarter exceeding 8.5%
- Loss from continuing operations of $11.7 million, or $0.39 per diluted share, which included non-recurring charges related to the Glacier acquisition, compared to income from continuing operations of $0.01 per diluted share
- Pro forma net income from continuing operations of $0.05 per diluted share compared to $0.04 per diluted share
- Adjusted EBITDA increased 33% to $6.3 million, exceeding Company guidance
For earnings history and earnings-related data on Primo Water (PRMW) click here.
