(Adds Outlook)
Primo Water Corporation (PRMW) is increasing its full-year 2024 revenue target to between $1.855 billion and $1.885 billion from the previous outlook of $1.840 billion - $1.880 billion. Analysts expect revenue of $1.86 billion for the year.
For the second quarter, revenue is expected in the range of $472 million - $482 million. The consensus estimate stands at $476.1 million.
Q1 Results:
Primo Water revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $18.7 million, or $0.12 per share. This compares with $3.2 million, or $0.02 per share, in last year's first quarter.
Excluding items, Primo Water Corp. reported adjusted earnings of $30.5 million or $0.19 per share for the period.
Analysts on average had expected the company to earn $0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.6% to $452 million from $412.5 million last year.
Primo Water Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $18.7 Mln. vs. $3.2 Mln. last year.-EPS (Q1): $0.12 vs. $0.02 last year.-Revenue (Q1): $452 Mln vs. $412.5 Mln last year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.