Primo Water (NASDAQ: PRMW) reported Q4 EPS of $0.09, $0.05 better than the analyst estimate of $0.04. Revenue for the quarter came in at $68.3 million versus the consensus estimate of $69.57 million.

Fourth Quarter 2017 Business Highlights:

• Net sales increased 69.3% to $68.3 million
• Refill net sales increased 213% to $41.4 million
• Exchange net sales increased to $16.8 million
• Net income increased to $3.0 million, or $0.09 per diluted share
• Adjusted EBITDA increased 104% to $12.9 million
• Record sell-thru of dispenser units; an increase of 32.3% to 178,000
• U.S. Exchange same-store sales unit growth of 6.1%; the 23rd consecutive quarter over 6.0%

2018 Outlook

We are raising our guidance for 2018 net sales to $298.0 million to 302.0 million from $291.0 million to $300.0 million and adjusted EBITDA to $61.0 million to $63.0 million from $60.0 million to $62.0 million.

For the first quarter of 2018, we expect net sales of $66.5 million to $69.5 million and adjusted EBITDA of $11.5 million to $12.0 million.

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