Primo Brands Corporation filed its third-quarter 2026 earnings release on November 5, 2026, reporting net sales of $1,821.0 million and announcing a new $300 million share repurchase program for the period ended September 30, 2026.

Key Highlights

  • Net sales of $1,821.0 million: Up 3.1% from $1,766.1 million in the prior-year quarter, according to the filing.
  • Net income from continuing operations: $124.5 million, or $0.34 per diluted share, compared to $40.5 million, or $0.11 per diluted share, in the same quarter of 2025.
  • Adjusted EBITDA of $411.0 million: A 1.6% increase from $404.5 million, with Adjusted EBITDA margin declining 30 basis points to 22.6%.
  • Free cash flow of $210.6 million: Derived from $293.6 million in operating cash flow less $83.0 million of capital expenditures and additions to intangible assets.
  • New $300 million share repurchase program: Authorized by the Board, replacing the existing program, which had approximately $41 million of unused capacity as of September 30, 2026.
  • Quarterly dividend declared: $0.12 per share on Class A common stock, payable December 4, 2026, to holders of record as of November 24, 2026.
  • Updated 2026 full-year outlook: Net Sales growth expected at approximately the midpoint of the previous 2%-4% range; Adjusted EBITDA expected at the lower end of the previous $1,465 million to $1,515 million range.

Primo Brands Reports Q3 2026 Results and $300 Million Repurchase Authorization

Primo Brands Corporation (NYSE:PRMB) reported third-quarter 2026 results on November 5, 2026, disclosing net sales of $1,821.0 million, a 3.1% increase compared to $1,766.1 million in the third quarter of 2025. According to the filing, the increase was "primarily driven by an increase in sales attributable to our premium brands and regional spring water." Gross margin improved to 30.4% from 29.9%, which the company attributed to revenue growth and lower non-recurring integration-related costs, partially offset by increased transportation-related costs.

The filing reported SG&A expenses of $316.3 million, down from $343.0 million in the prior-year quarter, driven by lower marketing costs and reduced amortization of definite-lived intangibles. Net income from continuing operations rose to $124.5 million from $40.5 million, while Adjusted net income was $157.1 million, compared to $155.0 million in the year-ago quarter. The company disclosed total debt, excluding unamortized debt costs and discounts, of $5.2 billion and unrestricted cash of $477.2 million as of September 30, 2026, resulting in net debt of $4.8 billion and a net leverage ratio of 3.32x. Cash dividends paid during the quarter were $43.5 million, and share repurchases during the quarter totaled $22.1 million, including brokerage commissions.

As a subsequent event, the Board authorized a new share repurchase program of up to $300 million of Class A common stock, replacing the prior program. The filing noted the new program "does not obligate the Company to acquire any particular amount of Class A common stock, and may be modified, suspended or terminated at any time at the discretion of the Board." For the full year 2026, the company disclosed it expects Adjusted Free Cash Flow in the range of $790 million to $810 million, unchanged from prior guidance, and Base CAPEX at approximately 4% of net sales, also unchanged.

What Was Disclosed

Primo Brands disclosed Q3 2026 financial results including net sales, earnings, cash flow, and balance sheet data for the period ended September 30, 2026, along with an updated full-year 2026 outlook, a new $300 million share repurchase program, and a quarterly dividend declaration of $0.12 per share.