other material
confidence high
sentiment positive
materiality 0.75
Primo Brands reports pro forma FY2023 net sales $6.5B, Adj. EBITDA $1.1B; targets $200M cost synergies
Primo Brands Corp
- Pro forma Net Sales FY2023: $6.5B; Net Income $24M; combined company Adjusted EBITDA $1.1B.
- Pro forma 9M2024 Net Sales: $5.2B; Net Income $196M; combined company Adjusted EBITDA $1.0B.
- Expects $200M run-rate cost synergies within 3 years, with $115M one-time costs.
- Portfolio includes 30 brands, with billion-dollar brands Poland Spring and Pure Life.
- Operates ~70 production facilities, ~5,900 trucks, and serves ~200,000 retail outlets.