Primo Water (PRMW) Declares $0.09 Quarterly Dividend; 1.8% Yield
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Primo Water Announces First Quarter 2024 Results and Declares Quarterly Dividend
May 9, 2024 6:30 AM EDTResults exceeded high end of Q1 Revenue and Adjusted EBITDA guidanceRevenue of $452 million, increased 9.6%, including 8.3% organic growth Gross margin of 64.4%, increased 160 bps, and net income increased to $19 millionAdjusted EBITDA of $94 million, increased 24.2%, and Adjusted EBITDA margin of 20.8%, increased 250 bps Increases full-year 2024 Revenue and Adjusted EBITDA outlookIncreases full-year 2024 Adjusted Free Cash Flow outlook to between $175 million and $185 million, an increase of $5 million
TAMPA, Fla., May 9,... More
