Primo Brands Corp

Primo Brands Corporation announced that its Board of Directors increased its size from 10 to 11 members, effective May 15, 2026. Concurrently, Andrea Brimmer was appointed to the Board to fill the newly created vacancy. Ms. Brimmer, who is the Chief Marketing and Public Relations Officer of Ally Financial Inc. and a director of eHealth, Inc., brings extensive experience in marketing, public relations, and executive leadership. She will also serve on the Board's Sustainability Committee.

Primo Brands Corp reported net income of $27.3 million for the first quarter of 2026, a decrease from $28.7 million in the prior year, despite a slight increase in net sales to $1,626.1 million. The company also completed a significant refinancing of its Term Loans, converting $3,067.6 million into a new $3,090.0 million facility maturing in March 2031, which resulted in a $17.7 million loss on modification. Operating cash flow saw a substantial increase to $103.8 million.

Primo Brands reported its first quarter 2026 financial results, with net sales increasing 0.8% to $1.63 billion, exceeding expectations. However, net income from continuing operations decreased to $27.3 million, and Adjusted EBITDA fell 10.4% to $306.0 million, primarily due to increased transportation and integration costs. The company raised its full-year organic Net Sales growth outlook to 1-3% but widened its Adjusted EBITDA guidance range to $1,465M-$1,515M, citing dynamic macro environment and inflationary pressures.