Profile: Primo Water Corp (PRMW.OQ)
18 Aug 2017
Primo Water Corporation (Primo), incorporated on October 20, 2004, is a provider of multi-gallon purified bottled water, self-service refill water and water dispensers. The Company's products are sold through various retailers in the United States and Canada. The Company operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers). The Water segment consists of the sale of multi-gallon purified bottled water (Exchange) and its self-service filtered drinking water (Refill). The Dispensers segment sells water dispensers that are designed to dispense Primo and other dispenser-compatible bottled water. As of December 31, 2016, its products were offered in the United States and in Canada at over 46,000 combined retail locations. Exchange and Refill provide consumers the ability of either exchanging empty bottles and purchasing full bottles or refilling the empty bottles at any participating retailer.
The Company sources three- and five-gallon water bottles from various independent vendors for use in Exchange. Each of the Company's Primo water bottles includes a handle designed for transportation and lifting when installing the bottle onto or into one of its water dispensers. Its bottles also include a specially designed cap that prevents spills when carrying or installing. For Refill, the Company offers empty reusable one-, two-, three- and five-gallon bottles for a sales display that typically accompany its self-service filtered water display, which are sourced from various manufacturers. As of December 31, 2016, the Company sourced and marketed two lines of water dispensers, including 31 models.
The Company competes with Nestle, The Coca-Cola Company, PepsiCo, Dr. Pepper Snapple Group and Cott Corporation.
Primo Water Corp
101 N Cherry St Ste 501
WINSTON SALEM NC 27101-4013
Company Web Links
- BRIEF-Primo Water Q2 adjusted earnings per share $0.06 from continuing operations
- BRIEF-Primo Water reports Q1 adjusted loss $0.05/shr from continuing operations
- BRIEF-Primo Water CEO Billy Prim to become executive chairman of board
- BRIEF-Primo Water reports Q4 pro forma earnings of $0.05/shr from continuing operations