Reuters logo
4 months ago
BRIEF-Primo Water Corp says resolution of contingent liabilities
April 7, 2017 / 12:52 PM / 4 months ago

BRIEF-Primo Water Corp says resolution of contingent liabilities

April 7 (Reuters) - Primo Water Corp

* Primo Water Corp says announces resolution of contingent liabilities

* Primo Water Corp - resolution of outstanding contingencies associated with its previous acquisition of omnifrio single-serve beverage business

* Primo Water - reached resolution on Omnifrio deferred payment liability, which will result in operating income of $1.2 million, a cash payment of $0.7 million

* Primo Water Corp - resolution of outstanding contingencies of arbitrations involving two former regional operators in its exchange business

* Resolution will also result in sale of certain assets related to flavorstation discontinued operations

* Primo Water Corp- net impact to Q1 results for both matters is a non-recurring charge of $2.6 million

* The resolution with the two former regional operators in exchange business will result in a charge of $3.8 million Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below