Quarterly ResultAug 5, 2026, 06:08 AM
Primo Brands Q2 Net Sales $1.8B, Net Income $69.2M; Raises FY Sales Outlook
AI Summary
Primo Brands Corporation announced strong financial results for the second quarter ended June 30, 2026, with net sales increasing 3.8% to $1.8 billion and net income from continuing operations rising significantly to $69.2 million. Adjusted EBITDA grew 5.0% to $385.0 million, driven by robust growth in retail channels and an earlier-than-anticipated return to growth in Direct Delivery. The company raised its full-year net sales growth outlook for the second consecutive quarter to 2-4%, while reaffirming its Adjusted EBITDA guidance.
Key Highlights
- Raised full-year Net Sales growth outlook to 2-4% from the previous 1-3%.
- Q2 Net Sales increased 3.8% to $1,796.2 million compared to $1,730.1 million in Q2 2025.
- Net income from continuing operations was $69.2 million, up from $30.5 million in Q2 2025.
- Net income per diluted share from continuing operations was $0.19, compared to $0.08 in Q2 2025.
- Adjusted EBITDA increased 5.0% to $385.0 million, with Adjusted EBITDA margin at 21.4% (up 20 bps).
- Net cash provided by operating activities from continuing operations was $227.9 million.
- Total debt, excluding unamortized debt costs, was $5.3 billion, resulting in a net leverage ratio of 3.42x.
Price Impact
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