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Primo Water: 2Q Earnings Snapshot

August 5, 2019

WINSTON-SALEM, N.C. (AP) _ Primo Water Corp. (PRMW) on Monday reported second-quarter net income of $873,000.

On a per-share basis, the Winston-Salem, North Carolina-based company said it had profit of 2 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 8 cents per share.

The purified water provider posted revenue of $79.3 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $77.9 million.

For the current quarter ending in October, Primo Water said it expects revenue in the range of $84 million to $87 million.

The company expects full-year revenue in the range of $312 million to $320 million.

Primo Water shares have declined 4% since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.43, a fall of 23% in the last 12 months.

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