Primo Water (NASDAQ: PRMW) reported Q4 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $70.9 million versus the consensus estimate of $72.84 million.

• Net sales increased 3.8% to $70.9 million
• Dispenser net sales increased 20.3% to $12.1 million
• Exchange net sales increased 8.9% to $18.3 million
• Net income of $1.7 million, or $0.04 per diluted share
• Adjusted net income of $3.1 million or $0.07 per diluted share
• Adjusted EBITDA of $11.8 million
• Dispenser sell-thru units of 158,000
• U.S. Exchange same-store sales unit growth accelerated to 13.3%

(All comparisons above are with respect to the fourth quarter and full year ended December 31, 2017)

“We are pleased with our finish to 2018, as our marketing initiatives continued to help fuel our growth across sales channels. Our U.S. exchange same-store unit growth of over 13% exceeded our expectations and was driven by solid dispenser sell-thru resulting in new water households,” commented Matt Sheehan, Primo Water’s President and Chief Executive Officer. “In 2019, we believe our operational and marketing focus, combined with robust industry tailwinds, position us well for continued growth. We remain confident in our ability to generate value for all of our shareholders.”

GUIDANCE:

Primo Water sees Q1 2019 revenue of $67.8-70.8 million, versus the consensus of $75.27 million.

Primo Water sees FY2019 revenue of $315-325 million, versus the consensus of $317.74 million.

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