Primo Water Authorizes a $50 Million Share Repurchase Plan – Buyback Wednesdays

Many businesses experience growth by progressively broadening their offerings through the launch of new products or acquisitions over time. At some point these companies start optimizing their bloated products portfolios to improve profitability or unlocks assets that can be reinvested in the core business. An example of such a company is Primo Water Corporation (PRMW), which divested all its peripheral enterprises to focus on its water supply solutions.

Key Insights:

• Primo Water’s strategic shift towards prioritizing its core expertise in water should drive future growth and profitability.
• The company’s performance during the pandemic when many offices were shut down underscores the business’s remarkable resilience.
• Declining debt-to-equity ratio coupled with the absence of debt maturities in the near future.

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