Primo water corporation releases 2021 investor day highlights

Tampa, fla., nov. 17, 2021 /prnewswire/ - primo water corporation (nyse: prmw) (tsx: prmw) (the "company" or "primo"), a leading provider of sustainable drinking water solutions in north america and europe, today released details during its virtual investor day regarding its 2024 organic growth outlook, along with a proposed multi-year step-up in its dividend payout: high single digit revenue growth adjusted ebitda of $500 million to $525 million dollars adjusted ebitda margin building to the high 21% range, driven by investment in efficiencies, increased scale, and density, and an expected 100-basis point benefit from exiting the company's north america single-use plastic bottled water retail business adjusted eps of $1.10 to $1.20 per share a net leverage ratio of between 2.0 and 2.5 times net debt to adjusted ebitda return on invested capital of more than 12% the company also announced a multi-year step-up in its dividend payout with an increased quarterly dividend of $0.01 per share in each of 2022, 2023 and 2024.
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