Primo Brands reports Q3 2026 results, launches $300 M share buyback and declares $0.12 dividend
Primo Brands Corp announced its third‑quarter 2026 financials, posting net sales of $1.821 billion, up 3.1% year‑over‑year, and net income of $124.5 million. Adjusted EBITDA rose 1.6% to $411 million, while adjusted EBITDA margin slipped to 22.6%. The board authorized a new $300 million share repurchase program and declared a cash dividend of $0.12 per share payable in December.
Why it matters
The share buyback and dividend increase cash returns to shareholders, potentially supporting the stock price. The guidance that full‑year net sales will track the midpoint of the prior range and adjusted EBITDA will be at the lower end of its range sets expectations for 2026 performance.
Key facts
- 1Net sales for Q3 2026 were $1,821.0 million, a 3.1% increase from $1,766.1 million in Q3 2025. prnewswire.com
- 2Net income from continuing operations for the quarter was $124.5 million, up from $40.5 million a year earlier. prnewswire.com
- 3Adjusted EBITDA for the quarter was $411.0 million, a 1.6% increase from $404.5 million in Q3 2025. prnewswire.com
- 4Adjusted EBITDA margin was 22.6%, down 30 basis points from 22.9% in the prior year quarter. prnewswire.com
- 5The board declared a cash dividend of $0.12 per share, payable on December 4, 2026. prnewswire.com
- 6A new share repurchase program of up to $300 million was authorized, replacing the prior program with $41 million unused capacity. prnewswire.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.