---------------- 
Net income 
 (loss) from 
 continuing 
 operations         $     18.1    $     22.3    $    (0.4)    $  (136.8) 
Basic EPS           $     0.11    $     0.14    $       --    $   (0.89) 
Diluted EPS         $     0.11    $     0.14    $       --    $   (0.89) 
Weighted average 
common shares 
outstanding (in 
thousands) 
Basic                  160,481       160,101       160,892       153,723 
Diluted                161,932       161,433       160,892       153,723 
Adjusted 
Earnings Per 
Share (Non-GAAP) 
---------------- 
Adjusted net 
 income from 
 continuing 
 operations 
 (Non-GAAP)         $     36.4    $     38.3    $     73.2    $     63.1 
Adjusted diluted 
 EPS (Non-GAAP)     $     0.22    $     0.24    $     0.45    $     0.41 
Diluted weighted 
 average common 
 shares 
 outstanding 
 (in thousands) 
 (Non-GAAP) (b)        161,932       161,433       162,626       155,003 
(a) The tax effect for adjusted net income is based 
 upon an analysis of the statutory tax treatment and 
 the applicable tax rate for the jurisdiction in which 
 the pre-tax adjusting items incurred and for which 
 realization of the resulting tax benefit (if any) 
 is expected. A reduced or 0% tax rate is applied to 
 jurisdictions where we do not expect to realize a 
 tax benefit due to a history of operating losses or 
 other factors resulting in a valuation allowance related 
 to deferred tax assets. 
(b) GAAP diluted weighted average common shares outstanding 
were used for the three months ended October 2, 2021 
and September 26, 2020. The nine months ended October 
2, 2021 and September 26, 2020 include the impact 
of dilutive securities of 1,734 and 1,280, respectively. 
These dilutive securities were excluded from GAAP 
diluted weighted average common shares outstanding 
due to net loss from continuing operations reported 
in those periods. 

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SOURCE Primo Water Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2021/04/c6286.html

/CONTACT:

Jon Kathol, Vice President, Investor Relations, Tel:813-313-1732, investorrelations@primowater.com

/Web site: https://primowatercorp.com/

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