Primo Water (PRMW) Tops Q1 EPS by 14c; Raises Outlook

Primo Water (NASDAQ: PRMW) reported Q1 EPS of ($0.05), $0.14 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $60.7 million versus the consensus estimate of $64.56 million.

• Net sales increased 88% to a record $60.7 million
• Water segment net sales increased 137% to $53.1 million
• US Exchange same-store unit sales increased 6.1%
• Strong sell-thru of dispenser units of 143,000
• Integration of Glacier acquisition is ahead of plan

2017 Outlook Raised

For the second quarter of 2017, the Company expects revenues of $72.0 million to $75.0 million and adjusted EBITDA of $12.8 million to $14.3 million.

The Company now expects its 2017 outlook for adjusted EBITDA to be $53.0 million to $55.0 million, increased from $52.0 million to $54.0 million.

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

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