PRMW · Primo Water Corp /Cn/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $511.40M | $485.00M | $452.00M | - | $622.00M | $593.30M | $546.50M | - | $584.60M | $571.40M |
| Cost of Revenue | $180.60M | $167.00M | $160.70M | - | $235.50M | $225.00M | $218.20M | - | $236.40M | $239.10M |
| Gross Profit | $330.80M | $318.00M | $291.30M | - | $386.50M | $368.30M | $328.30M | - | $348.20M | $332.30M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $262.30M | $264.40M | $249.40M | - | $315.30M | $317.70M | $303.50M | - | $297.30M | $291.60M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $51.00M | $49.70M | $48.20M | - | $65.10M | $62.90M | $62.40M | - | $59.60M | $60.20M |
| Operating Income | $59.00M | $39.20M | $35.60M | - | $72.40M | $47.60M | $21.50M | - | $45.00M | $6.60M |
| Interest Expense | $5.80M | $9.20M | $10.00M | - | $18.60M | $19.80M | $18.80M | - | $17.40M | $17.00M |
| Income Tax | $13.90M | $14.00M | $9.50M | - | $13.80M | $11.00M | $3.20M | - | $5.10M | $1.40M |
| Net Income | $38.60M | $16.00M | $25.00M | - | $33.40M | $21.30M | $5.80M | - | $1.30M | ($22.50M) |
| EPS - Basic | $0.24 | $0.10 | $0.16 | - | $0.21 | $0.13 | $0.04 | - | $0.01 | ($0.14) |
| EPS - Diluted | $0.24 | $0.10 | $0.16 | - | $0.21 | $0.13 | $0.04 | - | $0.01 | ($0.14) |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $667.30M | $603.30M | $498.30M | $507.90M | $97.80M | $86.80M | $96.50M | $122.60M | $95.50M | $98.50M |
| Accounts Receivable | $185.80M | $164.10M | $161.30M | $156.00M | $277.50M | $293.20M | $263.30M | $258.60M | $287.40M | $283.60M |
| Inventory | $48.60M | $47.30M | $46.30M | $47.30M | $105.80M | $105.70M | $104.30M | $112.10M | $113.50M | $109.70M |
| Accounts Payable | - | - | - | $94.30M | - | - | - | $163.70M | - | - |
| Current Assets | $998.30M | $919.50M | $858.10M | $865.90M | $526.10M | $537.20M | $516.20M | $538.00M | $543.80M | $555.30M |
| Total Assets | $3.56B | $3.52B | $3.50B | $3.52B | $3.59B | $3.66B | $3.65B | $3.67B | $3.60B | $3.63B |
| Current Liabilities | $426.10M | $421.10M | $402.00M | $426.10M | $625.30M | $690.70M | $688.70M | $690.60M | $720.10M | $715.00M |
| Long-term Debt | $1.27B | $1.25B | $1.25B | $1.27B | $1.27B | $1.29B | $1.29B | $1.28B | $1.24B | $1.27B |
| Total Liabilities | $2.08B | $2.07B | $2.06B | $2.08B | $2.30B | $2.39B | $2.39B | $2.38B | $2.34B | $2.35B |
| Stockholders' Equity | $1.48B | $1.45B | $1.44B | $1.44B | $1.29B | $1.27B | $1.26B | $1.28B | $1.26B | $1.28B |
| Retained Earnings | $194.50M | $170.60M | $173.20M | $167.20M | $3.70M | ($16.90M) | ($24.20M) | ($9.40M) | ($50.30M) | ($35.70M) |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $91.00M | $65.20M | $30.30M | - | $92.70M | $66.70M | $23.60M | - | $92.70M | $66.70M |
| Investing Cash Flow | ($28.60M) | ($60.30M) | ($40.20M) | - | ($41.20M) | ($52.40M) | ($61.50M) | - | ($80.80M) | ($55.60M) |
| Financing Cash Flow | ($18.40M) | ($37.50M) | ($6.50M) | - | ($94.40M) | ($34.70M) | $300.0K | - | ($14.80M) | ($5.90M) |
| CapEx | $33.80M | $37.30M | $37.60M | - | $46.30M | $36.00M | $53.70M | - | $70.00M | $46.60M |
| Free Cash Flow | $57.20M | $27.90M | ($7.30M) | - | $46.40M | $30.70M | ($30.10M) | - | $22.70M | $20.10M |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 64.7% | 65.6% | 64.4% | - | 62.1% | 62.1% | 60.1% | - | 59.6% | 58.2% |
| Operating margin | 11.5% | 8.1% | 7.9% | - | 11.6% | 8.0% | 3.9% | - | 7.7% | 1.2% |
| EBITDA margin | 21.5% | 18.3% | 18.5% | - | 22.1% | 18.6% | 15.4% | - | 17.9% | 11.7% |
| Net margin | 7.5% | 3.3% | 5.5% | - | 5.4% | 3.6% | 1.1% | - | 0.2% | -3.9% |
| Free cash flow margin | 11.2% | 5.8% | -1.6% | - | 7.5% | 5.2% | -5.5% | - | 3.9% | 3.5% |
| FCF / Net income | 1.48 | 1.74 | -0.29 | - | 1.39 | 1.44 | -5.19 | - | 17.46 | -0.89 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 51.3% | 54.5% | 55.2% | - | 50.7% | 53.5% | 55.5% | - | 50.9% | 51.0% |
| Effective tax rate | 26.5% | 46.7% | 27.5% | - | 29.2% | 34.1% | 35.6% | - | 79.7% | - |
| Return on assets | 1.1% | 0.5% | 0.7% | - | 0.9% | 0.6% | 0.2% | - | 0.0% | -0.6% |
| Return on equity | 2.6% | 1.1% | 1.7% | - | 2.6% | 1.7% | 0.5% | - | 0.1% | -1.8% |
| Return on invested capital | 1.6% | 0.8% | 1.0% | - | 2.0% | 1.2% | 0.5% | - | 0.9% | 0.2% |
| Liquidity | ||||||||||
| Current ratio | 2.34 | 2.18 | 2.13 | 2.03 | 0.84 | 0.78 | 0.75 | 0.78 | 0.76 | 0.78 |
| Quick ratio | 2.23 | 2.07 | 2.02 | 1.92 | 0.67 | 0.62 | 0.60 | 0.62 | 0.60 | 0.62 |
| Cash ratio | 1.57 | 1.43 | 1.24 | 1.19 | 0.16 | 0.13 | 0.14 | 0.18 | 0.13 | 0.14 |
| Leverage | ||||||||||
| Debt / Equity | 0.86 | 0.86 | 0.87 | 0.88 | 0.98 | 1.02 | 1.03 | 1.00 | 0.98 | 1.00 |
| Debt / Assets | 0.36 | 0.36 | 0.36 | 0.36 | 0.35 | 0.35 | 0.35 | 0.35 | 0.34 | 0.35 |
| Debt / EBITDA | 11.53 | 14.06 | 14.98 | - | 9.23 | 11.67 | 15.40 | - | 11.85 | 19.08 |
| Interest coverage | 10.2x | 4.3x | 3.6x | - | 3.9x | 2.4x | 1.1x | - | 2.6x | 0.4x |
| Equity multiplier | 2.40 | 2.42 | 2.42 | 2.44 | 2.78 | 2.89 | 2.90 | 2.86 | 2.85 | 2.84 |
| Liabilities / Assets | 0.58 | 0.59 | 0.59 | 0.59 | 0.64 | 0.65 | 0.66 | 0.65 | 0.65 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | 0.14 | 0.13 | - | 0.17 | 0.16 | 0.15 | - | 0.16 | 0.16 |
| Inventory turnover | 3.72 | 3.53 | 3.47 | - | 2.23 | 2.13 | 2.09 | - | 2.08 | 2.18 |
| Days sales outstanding | 133d | 123d | 130d | - | 163d | 180d | 176d | - | 179d | 181d |
| Days inventory outstanding | 98d | 103d | 105d | - | 164d | 171d | 174d | - | 175d | 167d |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -17.8% | -18.3% | -17.3% | - | 6.4% | 3.8% | 3.9% | - | 6.1% | 8.6% |
| Revenue CAGR (3y) | -2.4% | -2.7% | -1.9% | - | 6.3% | 9.1% | 4.8% | - | -1.7% | -1.8% |
| Revenue CAGR (5y) | -3.7% | -4.3% | -4.7% | - | 1.4% | -0.3% | -0.5% | - | 0.1% | -10.8% |
| Gross profit growth (YoY) | -14.4% | -13.7% | -11.3% | - | 11.0% | 10.8% | 9.6% | - | 12.9% | 11.8% |
| Operating income growth (YoY) | -18.5% | -17.6% | 65.6% | - | 60.9% | 621.2% | 40.5% | - | 6.6% | -79.1% |
| Net income growth (YoY) | 15.6% | -24.9% | 331.0% | - | 2469.2% | - | - | - | -92.8% | -171.1% |
| EPS growth (YoY) | 14.3% | -23.1% | 300.0% | - | 2000.0% | - | - | - | -90.9% | -180.0% |
| EPS CAGR (3y) | 29.7% | - | - | - | 14.5% | - | 26.0% | - | -47.7% | - |
| EPS CAGR (5y) | 27.9% | 27.2% | - | - | 24.6% | 10.2% | -56.4% | - | -49.4% | - |
| FCF growth (YoY) | 23.3% | -9.1% | 75.7% | - | 104.4% | 52.7% | -100.7% | - | -50.5% | -19.0% |
| FCF CAGR (5y) | 4.4% | - | - | - | 2.1% | 38.2% | - | - | 23.2% | -20.8% |
| Book value growth (YoY) | 14.9% | 14.9% | 14.9% | 12.3% | 2.2% | -0.9% | -3.7% | - | -3.9% | -3.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-30.
Business segments
$1.77B totalNorth America Segment$1.77B · 100.0%
Product / service
$1.77B totalWater Direct And Water Exchange$1.35B · 76.0%
Water Refill And Water Filtration$226.90M · 12.8%
All Other Products$89.60M · 5.1%
Water Dispensers$57.50M · 3.2%
Water Retail$51.90M · 2.9%
Geographic
$1.77B totalUS$1.71B · 96.3%
CA$65.60M · 3.7%
Peer comparison
Same SIC group: Bottled & Canned Soft Drinks & Carbonated Waters
Comparing Primo Water Corp /CN/ against the 5 most active filers in the same SIC group.