secwatch.observer — SEC 8-K summary
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Issuer:     Primo Water Corp /CN/ (—)
CIK:        0000884713
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001279569-24-000574
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primo Water Q1 revenue $452M (+9.6%), adj. EBITDA $94M (+24.2%); raises FY outlook
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- Revenue $452M, up 9.6% YoY; organic growth 8.3%; net income $19M vs $3M prior year.
- Adjusted EBITDA $94M, margin 20.8% (up 250 bps); exceeded high end of Q1 guidance.
- FY2024 revenue target raised to $1.855-$1.885B; Adjusted EBITDA target $410-$430M.
- Adjusted free cash flow outlook raised to $175-$185M, up $5M from prior forecast.
- Quarterly dividend declared $0.09/share, payable June 18, 2024; $9M in share repurchases in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884713/000127956924000574/0001279569-24-000574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884713/000127956924000574/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001279569-24-000574

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer