Primo Brands publishes third-quarter 2026 earnings call transcript
PRMB•Primo Brands narrowed its 2026 sales growth guidance to approximately 3% and expects adjusted EBITDA near $1.47 billion. It also announced a new $300 million share repurchase program and said it expects adjusted EBITDA and adjusted free cash flow growth in 2027.
1. Third-quarter results
Primo Brands held its third-quarter 2026 earnings call on November 5. Comparable net sales rose 3.3% and adjusted EBITDA increased 1.6%, despite higher transportation costs.
2. Guidance and outlook
Management narrowed annual sales growth guidance to approximately 3% and expects adjusted EBITDA near $1.47 billion, citing freight pressure and growth investments. Executives expect adjusted EBITDA and adjusted free cash flow growth in 2027, supported by carryover pricing and productivity initiatives.
3. Share repurchases and leverage
A new $300 million share repurchase program replaces the existing authorization. The company expects net leverage to be below three times during 2027.
