We recently published 10 Stocks With Massive Gains; 5 at Record Highs. Primo Brands Corp. (NYSE:PRMB) was one of the top performers on Wednesday.
Primo Brands rebounded by 6.27 percent on Wednesday to finish at $17.12 apiece as investors loaded portfolios ahead of expected business updates from its participation in a virtual fireside chat on the same day.
The company said that its chief executive officer, Eric Foss, and chief finance officer, David Hass, have joined a fireside chat with RBC Capital on the same day, where investors expected to hear its cues about last year’s performance as well as its outlook for 2026.
Photo from Primo Brands website
In its latest earnings call, Primo Brands Corp. (NYSE:PRMB) said that it was targeting net sales for full-year 2025 to decline by low single digits, as well as adjusted EBITDA between $1.44 billion to $1.46 billion.
In the third quarter of 2025 alone, Primo Brands Corp. (NYSE:PRMB) grew its net sales by 35.3 percent to $1.766 billion from $1.305 billion in the same period in 2024, with growth primarily driven by driven by net sales attributable to Primo Water due to the merger transaction and increased volumes attributable to BlueTriton.
However, net income fell by 68 percent to $16.8 million from $53.3 million year-on-year.
This year, Primo Brands Corp. (NYSE:PRMB) said that it was targeting to hit $300 million in cost savings.
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Disclosure: None. This article is originally published at Insider Monkey.
