Primo Brands Q4 net sales up 28.7%; raises synergy target to $300M; increases dividend

Primo Brands Corp

2024-FY EPS reported -$0.07 revenue$5,152,500,000

Q4 net sales $1,397.2M (+28.7%), adj. EBITDA $254.8M (+24.1%); net loss from cont. ops $153.9M.
Full-year net sales $5,152.5M (+9.7%), adj. EBITDA $994.6M (+26.9%); net loss from cont. ops $12.6M.
Cost synergy opportunity increased to $300M; $200M expected in 2025 and balance in 2026.
Quarterly dividend raised to $0.10/share, payable March 24, 2025 to holders of record March 7, 2025.

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