Primo Water (PRMW) Misses Q4 EPS by 19c, Beat on Revenue

Primo Water (NASDAQ: PRMW) reported Q4 EPS of ($0.39), $0.19 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $40.4 million versus the consensus estimate of $37.86 million.

Fourth Quarter 2016 Business Highlights:

• Completed the acquisition of Glacier Water Services on December 12, 2016
• Net sales increased 28% to a record $40.4 million, exceeding Company guidance
• US Exchange same-store unit sales increased 9.6%; 19th consecutive quarter exceeding 8.5%
• Loss from continuing operations of $11.7 million, or $0.39 per diluted share, which included non-recurring charges related to the Glacier acquisition, compared to income from continuing operations of $0.01 per diluted share
• Pro forma net income from continuing operations of $0.05 per diluted share compared to $0.04 per diluted share
• Adjusted EBITDA increased 33% to $6.3 million, exceeding Company guidance

For earnings history and earnings-related data on Primo Water (PRMW) click here.

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