Docoh
Loading...

PRMW Primo Water

Primo Water Corporation is a leading pure-play water solutions provider in North America, Europeand Israeland generates approximately $2.1 billionin annual revenue. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers. The dispensers help increase household penetration which drives recurring purchases of Primo's razorblade offering. Primo's razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, Primo delivers sustainable hydration solutions across its 21-country footprint direct to the customer's door, whether at home or to commercial businesses. Through its Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at over 13,000 locations and water refill units at approximately 22,000 locations, respectively. Primo also offers water filtration units across its 21-country footprint representing a top five position. Primo's water solutions expand consumer access to purified, spring and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association (IBWA) in North Americaas well as with Watercoolers Europe (WE), which ensure strict adherence to safety, quality, sanitation and regulatory standards for the benefit of consumer protection. Primo is headquartered in Tampa, Florida(USA).

Company profile

PRMW stock data

(
)

Calendar

7 May 21
2 Aug 21
1 Jan 22
Quarter (USD)
Apr 21 Jan 21 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Primo Water earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 102.2M 102.2M 102.2M 102.2M 102.2M 102.2M
Cash burn (monthly) 4.3M 833.33K (positive/no burn) 2.93M (positive/no burn) (positive/no burn)
Cash used (since last report) 17.15M 3.32M n/a 11.66M n/a n/a
Cash remaining 85.05M 98.88M n/a 90.54M n/a n/a
Runway (months of cash) 19.8 118.7 n/a 31.0 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Jun 21 Kitching Steven Common Shares Payment of exercise Dispose F No No 16.8 3,444 57.86K 167,099
25 Jun 21 Kitching Steven Common Shares Grant Aquire A No No 16.8 7,326 123.08K 170,543
11 Jun 21 Fowden Jeremy S G Common Shares Sell Dispose S No Yes 17.7 9,476 167.73K 1,359,290
11 Jun 21 Fowden Jeremy S G Common Shares Option exercise Aquire M No No 11.22 9,476 106.32K 1,368,766
11 Jun 21 Fowden Jeremy S G Stock Option Common Shares Option exercise Dispose M No No 11.22 9,476 106.32K 417,966
10 Jun 21 Fowden Jeremy S G Common Shares Sell Dispose S No Yes 17.62 37,419 659.32K 1,359,290
10 Jun 21 Fowden Jeremy S G Common Shares Option exercise Aquire M No No 10.4 37,419 389.16K 1,396,709
10 Jun 21 Fowden Jeremy S G Stock Option Common Shares Option exercise Dispose M No No 10.4 37,419 389.16K 0
27 May 21 Fowden Jeremy S G Common Shares Sell Dispose S No Yes 17.61 897 15.8K 1,359,290
27 May 21 Fowden Jeremy S G Common Shares Option exercise Aquire M No No 10.4 897 9.33K 1,360,187

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 2 EXIT
Opened positions 0 2 EXIT
Closed positions 2 1 +100.0%
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 157.73M EXIT
Total shares 0 10.16M EXIT
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change
P2 Capital Partners 0 -8M EXIT
Levin Easterly Partners 0 -2.15M EXIT
Alliancebernstein 0 0

Financial report summary

?
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This Management’s Discussion and Analysis of Financial Condition and Results of Operations is intended to further the reader’s understanding of the consolidated financial condition and results of operations of our Company. It should be read in conjunction with the financial statements included in this Quarterly Report on Form 10-Q and our Annual Report on Form 10-K for the fiscal year ended January 2, 2021 (our “2020 Annual Report”). These historical financial statements may not be indicative of our future performance. This discussion contains a number of forward-looking statements, all of which are based on our current expectations and could be affected by the uncertainties and risks referred to under “Risk Factors” in Part I, Item 1A in our 2020 Annual Report. As used herein, “Primo,” “the Company,” “Primo Water Corporation,” “we,” “us,” or “our” refers to Primo Water Corporation, together with its consolidated subsidiaries.
  • Primo is a leading pure-play water solutions provider in North America, Europe and Israel. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo’s revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers. The dispensers help increase household penetration, which drives recurring purchases of Primo’s razorblade offering. Primo’s razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, Primo delivers sustainable hydration solutions across its 21-country footprint direct to the customer’s door, whether at home or to commercial businesses. Through its Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at over 13,000 locations and water refill units at approximately 22,000 locations, respectively. Primo also offers water filtration units across its 21-country footprint representing a top five position.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: aforementioned, authority, capture, decision, discharge, efficacy, exclusive, local, maker, monetary, proceeding, unfavorable, vaccine
Removed: actively, added, administration, alleged, amendment, annum, appeal, application, apply, approach, arise, asserted, assessing, assuming, bear, brand, capitalized, capitalizing, Chase, chocolate, clarify, cloud, combine, commitment, complementary, computing, Cott, creating, Crystal, dated, deductible, default, delaying, Department, determination, determine, determining, directly, discontinue, doubtful, DS, easier, eliminating, enable, enhanced, entity, Environmental, equal, escrow, estimating, expertise, extend, factor, failed, familiar, fee, finalized, fine, formal, goodwill, governed, greater, group, growing, highest, highly, hosting, hot, identified, image, implementation, improve, indefinite, individual, inherently, innovation, instrument, Integrating, interpretative, irrevocably, Israeli, JPMorgan, large, law, Leasehold, life, listed, machinery, malt, margin, measured, meeting, Ministry, modification, modified, monitor, Mountain, moving, negatively, nil, noted, notice, November, obtain, obtained, obtaining, opening, opposed, option, outcome, outlook, owe, precise, predicted, preliminary, prime, proceed, projected, proposed, public, purification, range, ranging, RCI, recognition, recycling, Refresco, region, relief, remove, removed, rental, Restated, retail, retained, Returnable, Rock, rolled, royalty, section, shift, shorter, shown, significantly, simplify, site, small, software, stage, standalone, subjective, subsequently, supportable, terminal, test, trade, trademark, transition, transportation, Treasury, uncertain, undertaken, underwriting, Unutilized, Valley, vertical, violation, visibility, warehouse