Primo (PRMB) Q2 2026 Earnings Call Transcript

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DATE

Wednesday, Aug. 5, 2026 astatine 8:00 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer - Eric Foss

• Chief Financial Officer - David Hass

• Vice President, Investor Relations - Traci Mangini

Full Conference Call Transcript

Operator: Good morning. Welcome to the Primo Brands 2026 Second Quarter Earnings Conference Call. [Operator Instructions] This telephone is being recorded connected Thursday (sic) [ Wednesday ], August 5, 2026. I would present similar to crook the league telephone implicit to Traci Mangini, Vice President, Investor Relations. Please spell ahead.

Traci Mangini: Thank you, operator, and hello, everyone. With maine connected the telephone contiguous are Eric Foss, Chairman and Chief Executive Officer; and David Hass, Chief Financial Officer. Our treatment contiguous includes forward-looking statements wrong the meaning of U.S. national securities laws, which are taxable to risks and uncertainties that whitethorn origin existent results to disagree materially. For much information, delight notation to our forward-looking statements disclosure successful our net release. In addition, the explanation of and applicable reconciliations for immoderate non-U.S. GAAP fiscal measures are included successful our net merchandise and supplemental net slides, which were made disposable earlier contiguous connected the Investor Relations conception of our website. With that, I'll walk it to you, Eric.

Eric Foss: Thanks, Traci. Good greeting and convey you for joining us. Today, I'll reappraisal our 2nd 4th show and however we're positioning the institution to beryllium acceptable to triumph by continuing to amended connected the nonstop transportation lawsuit experience, advancing our cardinal maturation priorities and simplifying our enactment structure. David volition past screen our fiscal results and 2026 guidance. We're encouraged with the accelerating momentum crossed the concern successful the 2nd 4th with strengthening fundamentals, driven by ongoing improvements successful the lawsuit acquisition successful nonstop transportation and beardown dollar successful measurement stock gains successful the bottled h2o class wrong retail.

Second 4th nett income were $1.8 billion, up 4.2% connected a comparable ground versus anterior year, up of our expectations and marking a 2nd consecutive 4th of year-over-year growth. Growth was broad-based, reflecting continued spot crossed our brands successful retail and a faster than expected instrumentality to maturation successful nonstop delivery. Adjusted EBITDA accrued 5% to $385 million, with borderline enlargement driven by improving productivity, stronger operating leverage, and continued advancement successful nonstop delivery. With top-line maturation again exceeding our expectations and momentum broadening crossed some retail and nonstop delivery, we're raising our 2026 comparable nett income maturation guidance for a 2nd consecutive quarter.