Primo Brands (PRMB) reported second-quarter net sales of $1.796 billion for the period ended June 30, 2026, up 3.8% from $1.730 billion a year earlier. Net income from continuing operations was $69.2 million, compared with $30.5 million, and diluted EPS from continuing operations was $0.19, compared with $0.08.
The company raised its full-year comparable net sales growth outlook to 2% to 4% and reaffirmed its adjusted EBITDA guidance range of $1.465 billion to $1.515 billion.
- Second-quarter adjusted EBITDA increased 5.0% to $385.0 million, with adjusted EBITDA margin at 21.4%.
- Net cash provided by operating activities from continuing operations was $227.9 million.
- Free cash flow was $123.3 million, while adjusted free cash flow was $200.1 million.
- Total debt excluding unamortized debt costs and discounts was $5.3 billion, with unrestricted cash and cash equivalents of $366.5 million as of June 30, 2026.
- Cash dividends totaled $43.5 million for the quarter, and share repurchases were $15.5 million.
$PRMB Hedge Fund Activity
We have seen 185 institutional investors add shares of $PRMB stock to their portfolio, and 156 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SACHEM HEAD CAPITAL MANAGEMENT LP added 17,095,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $321,898,850
- SAMLYN CAPITAL, LLC added 12,698,677 shares (+323.0%) to their portfolio in Q1 2026, for an estimated $239,116,087
- FMR LLC removed 7,076,845 shares (-19.5%) from their portfolio in Q1 2026, for an estimated $133,256,991
- JANE STREET GROUP, LLC removed 5,108,384 shares (-88.0%) from their portfolio in Q1 2026, for an estimated $96,190,870
- PALESTRA CAPITAL MANAGEMENT LLC added 5,052,380 shares (+126.4%) to their portfolio in Q1 2026, for an estimated $95,136,315
- ALYESKA INVESTMENT GROUP, L.P. removed 4,597,705 shares (-73.9%) from their portfolio in Q1 2026, for an estimated $86,574,785
- SQUAREPOINT OPS LLC removed 3,194,826 shares (-87.7%) from their portfolio in Q1 2026, for an estimated $60,158,573
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
