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![Primo Water Corp /CN/ [PRMW] reports annual net loss of $0.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FPRMW.png&w=1200&q=75)
Primo Water Corp /CN/ [PRMW] has reported a net loss of $0.0 for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $438.7 million
Based in TAMPA, Florida, Primo Water Corp /CN/ operates in the MANUFACTURING sector.
In the fourth quarter of 2023, the net revenue was $438.7 million, a decrease from the previous quarter's $470 million. However, when compared to the same quarter last year, revenue has shown an increase from $405.1 million to $438.7 million.
Cost of sales for the current quarter stood at $154.8 million, down from $166.7 million in the previous quarter and $156.4 million in the same quarter last year.
The gross profit for the quarter was $283.9 million, lower than the previous quarter's $303.3 million but higher than the same quarter last year, which was at $248.7 million.
Operating income for the current quarter was $40.8 million, which is a decrease compared to the previous quarter's $59.8 million. However, it showed improvement from the same quarter last year when it was at $21.4 million.
Net income from continuing operations for the quarter was $13.3 million, down from $33.7 million in the previous quarter but an improvement from $3.2 million in the same quarter last year.
Earnings per share (EPS) for continuing operations on a basic level were $0.08 for the quarter, a decrease from $0.21 in the previous quarter. However, it showed an improvement compared to $0.02 in the same quarter last year.
In conclusion, while the current quarter's financial performance showed a decline from the previous period, there has been a positive trend in revenue and net income when compared to the same quarter last year.
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