PRMB

EX-99.1

2 ex991.htm

NEWS RELEASE DATED AUGUST 5, 2026

Exhibit 99.1

CONTACT:

Traci Mangini

Vice President, Investor Relations

investorrelations@primobrands.com

Primo Brands Reports 2026 Second Quarter Results

TAMPA, FL and STAMFORD, CT - August 5, 2026 - Primo Brands Corporation (NYSE: PRMB) (“Primo Brands” or the "Company") today announced its results for the second quarter ended June 30, 2026.

“We are encouraged by our first-half progress, which reflects stronger fundamentals, improved execution, and increased momentum across the business,” said Eric Foss, Chairman and Chief Executive Officer. “Second-quarter top-line results exceeded our expectations, driven by robust growth in Retail channels led by our regional spring water and premium brands and an earlier-than-anticipated return to growth in Direct Delivery.

“The strength we are seeing across the business gives us the confidence to raise our full-year Net Sales growth outlook for the second consecutive quarter. We are reaffirming our Adjusted EBITDA guidance range as we continue to prioritize growth investments, while actively managing inflationary pressures through multiple levers across the business.

“Our business fundamentals continue to improve, and we remain well positioned in an attractive, growing category. With a customer-first culture, a differentiated portfolio of leading brands across the value spectrum, an advantaged route to market, and disciplined execution, we believe we have the right foundation to drive sustainable, balanced growth, support margin expansion as growth scales, and create long-term stockholder value.”

SECOND

QUARTER PERFORMANCE

For the Three Months Ended

(USD $M except %, per share amounts or unless as otherwise noted) June 30, 2026 June 30, 2025 Change

Net sales $1,796.2 $1,730.1 3.8%

Net income from continuing operations $69.2 $30.5 $38.7

Net income per diluted share from continuing operations $0.19 $0.08 $0.11

Adjusted net income $134.2 $137.1 $(2.9)

Adjusted net income per diluted share $0.37 $0.36 $0.01

Adjusted EBITDA $385.0 $366.7 5.0%

Adjusted EBITDA margin % 21.4% 21.2% 20 bps

•Net sales increased 3.8% to $1.8 billion compared to $1.7 billion primarily driven by an increase in sales attributable to our premium brands and regional spring water, partially offset by a decrease in sales attributable to the exited US Office Coffee Services ("OCS") business not recurring in the current quarter.

•Gross margin was 30.5% compared to 31.3%, primarily driven by increased transportation related costs and depreciation and amortization, partially offset by the growth in revenue and lower non-recurring integration related costs incurred in the current quarter.

•SG&A expenses were $345.5 million compared to $378.6 million primarily driven by a decrease in marketing costs and a decrease in amortization primarily related to definite-lived intangibles amortization incurred in the prior year quarter not recurring in the current quarter.

•Net income from continuing operations and net income per diluted share were $69.2 million and $0.19 per diluted share, respectively, compared to net income from continuing operations and net income per diluted share of $30.5 million and $0.08, respectively.

•Adjusted EBITDA increased 5.0% to $385.0 million compared to $366.7 million and Adjusted EBITDA margin increased 20 bps to 21.4%, compared to 21.2%.

SECOND

QUARTER CASH FLOW & LIQUIDITY

•Net cash provided by operating activities from continuing operations of $227.9 million, less $104.6 million of capital expenditures and additions to intangible assets, resulted in $123.3 million of free cash flow, or $200.1 million of Adjusted Free Cash Flow (adjusting for the items set forth on Exhibit 6), compared to net cash provided by operating activities from continuing operations of $155.0 million and Adjusted Free Cash Flow of $169.7 million in the prior year quarter.

•Total debt, excluding unamortized debt costs and discounts, was $5.3 billion and unrestricted cash and cash equivalents totaled $366.5 million, each as of June 30, 2026, resulting in net debt of $4.9 billion and a net leverage ratio of 3.42x.

•Cash dividends were $43.5 million for the quarter ended June 30, 2026.

•Share repurchases under our repurchase plan, including brokerage commissions, were $15.5 million during the quarter ended June 30, 2026.

2026

FULL YEAR FINANCIAL OUTLOOK

Comparable Results1

Previous

Updated

($ in millions)

Low High

Low High

Net Sales Growth

1% 3%

2% 4%

Adjusted EBITDA

$1,465 $1,515

$1,465 $1,515

Base CAPEX

4% of Net Sales

4% of Net Sales

Adjusted Free Cash Flow

$790 $810

$790 $810

1Comparison period includes 2025 Net Sales and excludes the impact of the exited Eastern Canadian operations and exited US Office

Coffee Services business. See exhibit 8 for a reconciliation.

EARNINGS

CONFERENCE CALL

Primo Brands will host a conference call to discuss these results on Wednesday, August 5, 2026 at 8:00 a.m. Eastern Ti

EX-99.1

2 ex991.htm

NEWS RELEASE DATED MAY 7, 2026

Exhibit 99.1

CONTACT:

Traci Mangini

Vice President, Investor Relations

investorrelations@primobrands.com

Primo Brands Reports 2026 First Quarter Results

TAMPA, FL and STAMFORD, CT - May 7, 2026 - Primo Brands Corporation (NYSE: PRMB) (“Primo Brands” or the "Company") today announced its results for the first quarter ended March 31, 2026.

“We delivered a strong start to 2026, with momentum building across the business,” said Eric Foss, Chairman and Chief Executive Officer. "First quarter top-line results exceeded our expectations, driven by robust growth in Retail channels led by our premium brands and continued improvement in Direct Delivery.

“This performance and the trajectory across the business give us the confidence to raise our full-year organic Net Sales growth outlook. At the same time, while we have multiple levers to help mitigate inflationary pressures, given the dynamic macro environment, we are widening our Adjusted EBITDA guidance range.

"As a leader in a structurally-advantaged category, with a consumer- and customer-first culture, we’re investing to capitalize on the category momentum and the power of our brands. By elevating service and execution, we’re positioned for sustained growth, margin expansion, stronger free cash flow, and long-term stakeholder value. We are excited about the opportunities ahead.”

FIRST

QUARTER PERFORMANCE

For the Three Months Ended

(USD $M except %, per share amounts or unless as otherwise noted) March 31, 2026 March 31, 2025 Change

Net sales $1,626.1 $1,613.7 0.8%

Net income from continuing operations $27.3 $34.7 $(7.4)

Net income per diluted share from continuing operations $0.07 $0.09 $(0.02)

Adjusted net income $85.9 $111.9 $(26.0)

Adjusted net income per diluted share $0.23 $0.29 $(0.06)

Adjusted EBITDA $306.0 $341.5 (10.4)%

Adjusted EBITDA margin % 18.8% 21.2% (240) bps

•Net sales increased 0.8% to $1.63 billion compared to $1.61 billion primarily driven by an increase in sales attributable to our premium brands, partially offset by a decrease in sales attributable to the exited US Office Coffee Services ("OCS") business not recurring in the current year.

•Gross margin was 28.6% compared to 32.3%, primarily driven by increased transportation related costs, non-recurring integration related costs incurred in the current year, and increased depreciation and amortization.

•SG&A expenses were $336.7 million compared to $327.8 million and remained relatively consistent as a percentage of Net sales.

•Net income from continuing operations and net income per diluted share were $27.3 million and $0.07 per diluted share, respectively, compared to net income from continuing operations and net income per diluted share of $34.7 million and $0.09, respectively.

•Adjusted EBITDA decreased 10.4% to $306.0 million compared to $341.5 million and Adjusted EBITDA margin decreased 240 bps to 18.8%, compared to 21.2%.

FIRST

QUARTER CASH FLOW & LIQUIDITY

•Net cash provided by operating activities from continuing operations of $103.8 million, less $118.1 million of capital expenditures and additions to intangible assets, resulted in $(14.3) million of free cash flow, or $128.6 million of Adjusted Free Cash Flow (adjusting for the items set forth on Exhibit 6), compared to net cash provided by operating activities from continuing operations of $38.8 million and Adjusted Free Cash Flow of $54.7 million in the prior year period.

•Total debt, excluding unamortized debt costs and discounts, was $5.3 billion and unrestricted cash and cash equivalents totaled $287.9 million, each as of March 31, 2026, resulting in net debt of $5.0 billion and a net leverage ratio of 3.52x.

•Cash dividends of $44.2 million for the quarter ended March 31, 2026.

•Approximately $29.0 million, including brokerage commissions, for share repurchases under our share repurchase plan during the quarter ended March 31, 2026.

2026

FULL YEAR FINANCIAL OUTLOOK

Comparable Results1

Previous

Updated

($ in millions)

Low High

Low High

Organic Net Sales Growth

0% 1%

1% 3%

Adj. EBITDA

$1,485 $1,515

$1,465 $1,515

Base CAPEX

4% of Net Sales

4% of Net Sales

Adj. Free Cash Flow

$790 $810

$790 $810

1Comparison period includes 2025 Net Sales and excludes the impact of the exited Eastern Canadian operations and exited US Office

Coffee Services business. See exhibit 8 for a reconciliation.

EARNINGS

CONFERENCE CALL

Primo Brands will host a conference call to discuss these results on Thursday, May 7, 2026 at 8:00 a.m. Eastern Time. The company’s supplemental earnings presentation is now available on the Events & Presentation section of Primo Brands investor relations website at ir.primobrands.com. Details to access the earnings call and webcast are below.

North America: (888) 510-2154

International: (437) 900-0527

Conference ID: 73994

Webcast Link: https://app.webinar.net/JZ9lw3ZB5Yr

A slide presentation and live audio webcast w

EX-99.1

2 ex991.htm

NEWS RELEASE DATED FEBRUARY 26, 2026

Exhibit 99.1

CONTACT:

Traci Mangini

Vice President, Investor Relations

investorrelations@primobrands.com

Primo Brands Reports 2025 Fourth Quarter and Full Year Results

TAMPA, FL and STAMFORD, CT – February 26, 2026 – Primo Brands Corporation (NYSE: PRMB) (“Primo Brands” or the "Company") today announced its results for the fourth quarter and full year ended December 31, 2025.

“2025 was a year of transition as we continued to integrate two companies to form a leader in healthy hydration and across the US Liquid Refreshment Beverage category, said Eric Foss, Chairman and Chief Executive Officer. "Our fourth quarter performance indicates early signs that our initiatives are resulting in an improved trajectory for the business. This speaks to the strength and resilience of our business model.

“While I am encouraged by our progress, we need to continue to focus on improving our customer experience and fully leveraging the power of our brands and our advantaged go to market system.

"Since stepping into the Chairman and CEO role in November, I am even more energized and excited about our future. The challenges are within our control. We will continue to strategically reinvest in the business to take advantage of strong category momentum and our well-positioned brand portfolio to better service and execute, setting the company up to drive sustained growth, margin expansion, free cash flow generation and long-term value for shareholders.”

FOURTH

QUARTER PERFORMANCE

For the Three Months Ended

(USD $M except %, per share amounts or unless as otherwise noted) December 31, 2025 December 31, 2024 Change

Net sales $1,554.1 $1,397.2 11.2%

Net loss from continuing operations $(25.3) $(153.9) $128.6

Net loss per diluted share from continuing operations $(0.07) $(0.49) $0.42

Adjusted net income $94.1 $39.6 $54.5

Adjusted net income per diluted share $0.26 $0.13 $0.13

Adjusted EBITDA $334.1 $254.8 31.1%

Adjusted EBITDA margin % 21.5% 18.2% 330 bps

•Net sales increased 11.2% to $1.6 billion compared to $1.4 billion primarily driven by the inclusion of net sales attributable to Primo Water for the entire 2025 period due to the merger transaction, partially offset by a decrease in sales attributable to the sale of the production facility in Ontario, Canada in the first quarter of 2025.

•Gross margin was 27.7% compared to 30.8%, primarily driven by lower gross margin attributable to Primo Water due to the merger transaction and non-recurring integration costs attributable to BlueTriton Brands.

•SG&A expenses increased 1.5% to $341.0 million compared to $335.9 million, primarily driven by SG&A expense attributable to Primo Water due to the merger transaction, partially offset by nonrecurring management fees incurred in the prior year period.

•Net loss from continuing operations and net loss per diluted share were $25.3 million and $0.07 per diluted share, respectively, compared to net loss from continuing operations and net loss per diluted share of $153.9 million and $0.49, respectively.

•Adjusted EBITDA increased 31.1% to $334.1 million compared to $254.8 million and Adjusted EBITDA margin increased 330 bps to 21.5%, compared to 18.2%.

•Net cash provided by operating activities from continuing operations of $203.1 million, less $160.6 million of capital expenditures and additions to intangible assets, resulted in $42.5 million of free cash flow, or $214.8 million of Adjusted Free Cash Flow (adjusting for the items set forth on Exhibit 5), compared to net cash provided by operating activities from continuing operations of $93.7 million and Adjusted Free Cash Flow of $171.8 million in the prior year period.

FISCAL

YEAR PERFORMANCE

For the Fiscal Year Ended

(USD $M except %, per share amounts or unless as otherwise noted) December 31, 2025 December 31, 2024 Y/Y

Change

Net sales $6,664.0 $5,152.5 29.3%

Net income (loss) from continuing operations $80.4 $(12.6) $93.0

Net income (loss) per diluted share from continuing operations $0.21 $(0.05) $0.26

Adjusted net income $498.1 $245.0 $253.1

Adjusted net income per diluted share $1.33 $1.01 $0.32

Adjusted EBITDA $1,446.8 $994.6 45.5%

Adjusted EBITDA margin % 21.7% 19.3% 240 bps

•Net sales increased 29.3% to $6.7 billion compared to $5.2 billion primarily driven by net sales attributable to Primo Water due to the merger transaction, partially offset by a decrease in sales attributable to the sale of the production facility in Ontario, Canada in the first quarter of 2025.

•Gross margin was 30.3% compared to 31.5%, primarily driven by lower gross margin attributable to Primo Water due to the merger transaction and non-recurring integration costs attributable to BlueTriton Brands.

•SG&A expenses increased 32.3% to $1.4 billion compared to $1.1 billion, primarily driven by SG&A expenses attributable to Primo Water due to the merger transaction, partially offset by nonrecurring management fees incu