Primo Brands Corporation entered into a stock purchase agreement on August 5, 2026, to repurchase 410,340 shares of Class A common stock from an affiliate of One Rock Capital Partners at the price paid by the underwriter in a concurrent offering. The transaction closed on August 7, 2026, with the repurchased shares ceasing to be outstanding. Concurrently, the selling stockholder completed an underwritten secondary offering of 20,000,000 shares through Morgan Stanley & Co. LLC, generating $487.4 million in gross proceeds for the shareholder. No capital was raised by Primo Brands in this transaction. Primo Brands Corporation operates in the beverage industry, producing and distributing bottled water and other beverages.

Primo Brands Corporation reported second-quarter 2026 financial results for the period ended June 30, 2026. Net sales increased 3.8% to $1,796.2 million from $1,730.1 million in the prior year period. Net income from continuing operations rose to $69.2 million, or $0.19 per diluted share, compared to $30.5 million and $0.08 per share previously. Adjusted EBITDA grew 5.0% to $385.0 million with a margin of 21.4%. The company raised its full-year net sales growth outlook to 2%-4%, up from the previous 1%-3% range, while reaffirming Adjusted EBITDA guidance of $1,465-$1,515 million. Total debt stood at $5.3 billion with a net leverage ratio of 3.42x as of June 30, 2026. Primo Brands Corporation is a leading North American branded beverage company focused on healthy hydration.

On July 14, 2026, the Board of Directors of Primo Brands Corporation accepted the resignation of Minsok Pak, who is transitioning to an executive role with another industry participant. To fill the resulting vacancy, the Board appointed Sudhanshu Priyadarshi, effective immediately. Mr. Priyadarshi, the current CFO and President, International for Planet Fitness, Inc., will also serve on the Audit and Sustainability Committees. He brings extensive finance and logistics experience from previous roles at Keurig Dr Pepper, Vista Outdoor Inc., and PepsiCo. Primo Brands Corporation is a consumer goods company.

Primo Brands Corporation has eliminated the Chief Operating Officer position and appointed CEO Eric Foss to assume principal operating officer duties effective July 7, 2026. Robert Austin will transition out of his role as principal operating officer on July 7, 2026, and will remain as COO until December 31, 2026, before his eventual separation from the company. Primo Brands Corporation operates in the consumer goods industry, specifically focusing on on-demand water and beverage-related services.