AGI Inc
NYSE:AGBK
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AGI Inc
NYSE:AGBK
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AGI Inc
AGI Inc is a BR-based company operating in industry. The company is headquartered in Campinas, Sao Paulo. The company went IPO on 2026-02-11.
AGI Inc is a BR-based company operating in industry. The company is headquartered in Campinas, Sao Paulo. The company went IPO on 2026-02-11.
Revenue: Primo Water reported Q3 continuing-operations revenue of $511 million, up 8.8%, beating the high end of prior guidance by $16 million.
Profitability: Adjusted EBITDA was $125 million, up 11.4% with an adjusted EBITDA margin of 24.4% (up 60 bps YoY), matching the high end of guidance.
Volume & Price: Growth was driven by ~5% volume and 3.8% pricing; organic revenue growth was ~7.4% and inorganic was ~1.4%.
Channel performance: Water Direct & Exchange grew 8.0%; Refill & Filtration grew 7.1%; Mountain Valley retail/on-premise was up 102.2%; Water Dispenser sell-in rose 13.3%, while sell-through was ~238,000 units (down 5.6%).
Operations: OTIF improved to 93% (from 89% prior year); Refill machine uptime was 98%; units per route fell 1 unit while revenue per route rose 2%.
Cash & leverage: Net leverage was ~1.5x trailing-12-month adjusted EBITDA; cash on the balance sheet ~ $667 million; adjusted free cash flow for Q3 was $60 million and $162 million for the 9 months ended Sept 28, 2024.
Transaction update: Shareholders approved the BlueTriton transaction; closing expected Nov 8 and the combined company will trade as Primo Brands (PRMB) starting Nov 11. Management expects at least $200 million run-rate cost synergies within 3 years.
Capital actions: No buybacks in Q3 (YTD repurchases ~$15.9 million); a special dividend of $0.82 per common share was announced (record Nov 5, payable Nov 21).
