Primo Brands Q3 net sales rise 3.1%; 2026 EBITDA outlook set to low end of range
Primo Brands reported third-quarter 2026 net sales of $1.82 billion, up 3.1%, and net income from continuing operations of $124.5 million, or $0.34 per diluted share, versus $40.5 million, or $0.11, a year earlier. For full-year 2026, the company expects net sales growth at the midpoint of its previous range and Adjusted EBITDA at the lower end of its previous $1,465 million to $1,515 million range, which lowers the profit outlook for shareholders. The board also authorized a new $300 million share repurchase program.
Key points
- Q3 net sales $1.82 billion, up 3.1%; Adjusted EBITDA $411.0 million, up 1.6%, with margin down 30 bps to 22.6%.
- Net income from continuing operations $124.5 million ($0.34 per diluted share) vs. $40.5 million ($0.11) in Q3 2025.
- 2026 outlook: net sales growth at midpoint of previous 2% to 4% range; Adjusted EBITDA at lower end of previous $1,465 million to $1,515 million range; Adjusted free cash flow unchanged at $790 million to $810 million.
- New $300 million repurchase program replaces a program with about $41 million unused capacity; $0.12 per share dividend payable December 4, 2026.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.