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
Ticker
PRMW
Exchange
Website
CEO
Thomas Harrington
Employees
Location
Fiscal year end
Sector
Industry (SIC)
Former names
COTT CORP /CN/
SEC CIK
Corporate docs
PRMW stock data
()
News
Benzinga's Top Ratings Upgrades, Downgrades For March 9, 2021
9 Mar 21
ScotiaBank Upgrades Primo Water to Outperform, Raises Price Target to $18.5
9 Mar 21
The Past Week's Most Notable Insider Buys: Editas, Exxon Mobil, Wayfare And More
6 Mar 21
Primo Water Q4 EPS $0.14 Beats $0.11 Estimate, Sales $505.00M Beat $488.90M Estimate
25 Feb 21
Earnings Scheduled For February 25, 2021
25 Feb 21
Press releases
Demand For Potable Water Has Been Drastically Increasing Approaching New All Time Highs
7 Apr 21
Primo Water Corporation Announces Date for First Quarter Earnings Release and Details Relating to the 2021 Annual and Special Meeting of Shareowners
6 Apr 21
Primo Water Corporation Announces Date for First Quarter Earnings Release and Details Relating to the 2021 Annual and Special Meeting of Shareowners
6 Apr 21
Primo Water Corporation to Present at Raymond James Institutional Investors Conference
1 Mar 21
Primo Water Corp. to Host Earnings Call
25 Feb 21
Calendar
3 Mar 21
17 Apr 21
2 Jan 22
Financial summary
Quarter (USD) |
Jan 21 | Sep 20 | Jun 20 | Mar 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) | 115.1M | 115.1M | 115.1M | 115.1M | 115.1M | 115.1M |
Cash burn (monthly) | 15.6M | 7.53M | (positive/no burn) | 4.35M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 54.61M | 26.37M | n/a | 15.23M | n/a | n/a |
Cash remaining | 60.49M | 88.73M | n/a | 99.87M | n/a | n/a |
Runway (months of cash) | 3.9 | 11.8 | n/a | 23.0 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Apr 21 | Fowden Jeremy S G | Common Shares | Sell | Dispose S | No | Yes | 16.92 | 501 | 8.48K | 1,352,198 |
7 Apr 21 | Fowden Jeremy S G | Common Shares | Option exercise | Aquire M | No | No | 8 | 501 | 4.01K | 1,352,699 |
7 Apr 21 | Fowden Jeremy S G | Stock Option Common Shares | Option exercise | Dispose M | No | No | 8 | 501 | 4.01K | 187,167 |
6 Apr 21 | Fowden Jeremy S G | Common Shares | Sell | Dispose S | No | Yes | 16.91 | 27,016 | 456.84K | 1,352,198 |
6 Apr 21 | Fowden Jeremy S G | Common Shares | Option exercise | Aquire M | No | No | 8 | 27,016 | 216.13K | 1,379,214 |
6 Apr 21 | Fowden Jeremy S G | Stock Option Common Shares | Option exercise | Dispose M | No | No | 8 | 27,016 | 216.13K | 187,668 |
5 Apr 21 | Fowden Jeremy S G | Common Shares | Sell | Dispose S | No | Yes | 16.9 | 160 | 2.7K | 1,352,198 |
5 Apr 21 | Fowden Jeremy S G | Common Shares | Option exercise | Aquire M | No | No | 8 | 160 | 1.28K | 1,352,358 |
5 Apr 21 | Fowden Jeremy S G | Stock Option Common Shares | Option exercise | Dispose M | No | No | 8 | 160 | 1.28K | 214,684 |
1 Apr 21 | Jamieson William Alan | Common Shares | Payment of exercise | Dispose F | No | No | 16.65 | 411 | 6.84K | 30,151 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
6.3% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 157.73M |
Total shares | 10.16M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
P2 Capital Partners | 8M | $123.95M |
Levin Easterly Partners | 2.15M | $33.77M |
Financial report summary
?Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
Accident, ADT, advocacy, aid, amplified, attack, attainment, attrition, authentic, background, begun, benchmarking, billy, Bloomin, Boston, built, buyer, Campari, catalog, Chamber, churn, Clorox, color, commerce, Conference, consecutive, CT, culture, cybersecurity, deferral, DEI, deliberate, dental, Diageo, digital, disability, disciplinary, discrimination, distancing, donated, door, easier, embrace, embracing, empower, empty, encouraging, essential, eurocurrency, Excellence, exclusive, exploit, extraordinary, faith, familiar, Farrer, feedback, feeding, Franklin, frontline, furloughed, Gamble, gender, Ghire, globe, GWPP, half, harassment, harmonize, headcount, helpline, highest, household, hydration, IDEX, inserting, Inspire, intention, ISM, job, John, journey, leave, Legacy, lifecycle, lifestyle, lifetime, lineup, listen, live, Masonite, medical, merit, mobile, monetary, motivate, Muscato, NaN, Nederland, neutral, neutrality, newly, onboarding, online, onsite, orientation, Outback, outbreak, outlook, pandemic, payout, penetration, Pharma, phishing, physical, physically, play, pollution, prescription, prim, primary, prime, PRMW, proceeding, Procter, proration, proud, purified, quarantine, race, razor, razorblade, reinforcing, religion, reminding, remotely, request, Rest, retaliation, Rexnord, ROIC, rolled, Romero, Ryder, Schwan, screening, sexual, shelter, Shivprasad, simultaneously, sleek, Smith, speaking, sporting, staggering, stall, Stamford, stanbrook, Steakhouse, Stericycle, streamlining, strive, strongly, style, suitable, susan, suspected, Suspending, swing, talent, Tech, telemedicine, temperature, Tetra, TEVA, thought, tolerate, top, travel, trend, trusted, unlock, unpaid, Unutilized, usage, valuable, vertical, visibility, wage, Windstream, Women, workforce, worn
Removed:
AB, AG, aging, agree, alcoholic, applying, Athena, BCB, Belgium, blend, blended, brewed, callable, called, Cap, career, chocolate, classify, commonly, competitor, Constellation, COT, creation, cup, curtailment, customized, dedicated, delinquent, designate, discontinue, dismissal, distinction, diversified, divested, document, dominion, earliest, Edelvia, Edenissimo, enforceable, exchanged, exercisable, extended, extension, foreclose, formally, forward, fresh, furniture, green, guarantor, Guardian, hardware, hedge, hedged, Hero, Hinson, Holiday, iced, inapplicable, indemnified, indenture, ineffective, initially, installation, institutional, interpretative, isolation, Kafevend, larger, leaseback, legally, lessee, lesser, lessor, London, malt, master, medium, Mexico, Nestl, netting, notional, owing, partial, PepsiCo, Poland, predetermined, predominately, preeminent, principle, promptly, prospective, qualify, quantity, Rank, rating, reclassification, reconciled, refinanced, register, relocated, relocation, Relyant, repeatable, retrospectively, roasting, role, Ron, scalable, scaled, seller, shorten, sized, space, Spain, specialty, Specifically, speculative, standalone, stranded, sublease, swap, Switzerland, threat, tool, Trader, trustee, unexpected, unvested, wide
Financial reports
10-K
2020 FY
Annual report
3 Mar 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Primo Water Corporation Announces Fourth Quarter and Fiscal Year 2020 Results
25 Feb 21
8-K
Departure of Directors or Certain Officers
11 Dec 20
8-K
Primo Water Corporation Announces Third Quarter 2020 Results
5 Nov 20
8-K
Entry into a Material Definitive Agreement
22 Oct 20
8-K
Primo Water Corporation Announces Intention to Offer €450 Million of Senior Notes
8 Oct 20
8-K
Primo Water Corporation Announces Second Quarter 2020 Results
6 Aug 20
8-K
Cost Associated with Exit or Disposal Activities
12 Jun 20
8-K
Primo Water Corporation Announces First Quarter 2020 Results
7 May 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
3 Apr 20
8-K
Entry into a Material Definitive Agreement
10 Mar 20
Registration and prospectus
SC TO-T/A
Third party tender offer statement (amended)
2 Mar 20
425
Business combination disclosure
28 Feb 20
SC TO-T/A
Third party tender offer statement (amended)
26 Feb 20
425
Business combination disclosure
20 Feb 20
424B3
Prospectus supplement
18 Feb 20
425
Business combination disclosure
10 Feb 20
S-4/A
Registration of securities issued in business combination transactions (amended)
7 Feb 20
425
Business combination disclosure
3 Feb 20
SC TO-T
Third party tender offer statement
28 Jan 20
S-4
Registration of securities issued in business combination transactions
28 Jan 20
Proxies
DEFA14A
Additional proxy soliciting materials
25 Mar 21
DEF 14A
Definitive proxy
25 Mar 21
PRE 14A
Preliminary proxy
3 Mar 21
DEFA14A
Additional proxy soliciting materials
26 Mar 20
DEF 14A
Definitive proxy
26 Mar 20
DEFA14A
Additional proxy soliciting materials
19 Mar 19
DEF 14A
Definitive proxy
19 Mar 19
DEF 14A
Definitive proxy
20 Mar 18
DEFA14A
Additional proxy soliciting materials
20 Mar 18
PRE 14A
Preliminary proxy
28 Feb 18
Other
EFFECT
Notice of effectiveness
12 Feb 20
UPLOAD
Letter from SEC
23 Oct 18
CORRESP
Correspondence with SEC
17 Oct 18
UPLOAD
Letter from SEC
10 Oct 18
UPLOAD
Letter from SEC
1 Aug 18
CORRESP
Correspondence with SEC
24 Jul 18
UPLOAD
Letter from SEC
11 Jul 18
CT ORDER
Confidential treatment order
25 Sep 16
CT ORDER
Confidential treatment order
17 Apr 16
UPLOAD
Letter from SEC
26 Jan 16
Ownership
4
Primo Water / JEREMY S G FOWDEN ownership change
9 Apr 21
4
Primo Water / JEREMY S G FOWDEN ownership change
7 Apr 21
4
Primo Water / William Alan Jamieson ownership change
5 Apr 21
4
Primo Water / Gregory R Monahan ownership change
3 Mar 21
4
Primo Water / ERIC ROSENFELD ownership change
3 Mar 21
4
Primo Water / Thomas Harrington ownership change
2 Mar 21
4
Primo Water / Jason R Ausher ownership change
17 Feb 21
4
Primo Water / Marni Morgan Poe ownership change
17 Feb 21
4
Primo Water / Thomas Harrington ownership change
17 Feb 21
4
Primo Water / Steven Kitching ownership change
17 Feb 21
Transcripts
2020 Q4
Earnings call transcript
28 Feb 21
2020 Q3
Earnings call transcript
7 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q3
Earnings call transcript
9 Nov 19
2019 Q2
Earnings call transcript
6 Aug 19
2019 Q1
Earnings call transcript
11 May 19
2018 Q4
Earnings call transcript
6 Mar 19
2018 Q3
Earnings call transcript
11 Nov 18
2018 Q2
Earnings call transcript
7 Aug 18
Reddit threads
Daily Discussion Thread - February 25th, 2021
25 Feb 21
Daily Discussion Thread - February 24th, 2021
24 Feb 21
Daily Discussion Thread - February 23rd, 2021
23 Feb 21
Best long term investment in the world is in water (desalination business)
6 Feb 21
Daily Discussion Thread - November 5th, 2020
5 Nov 20
Daily Discussion Thread - November 4th, 2020
4 Nov 20