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    Johnson Parrow

    Research Analyst at CIBC

    Johnson Parrow is an analyst at CIBC, specializing in equity research within the financial services sector. He covers major Canadian banks and financial firms, including Royal Bank of Canada, Toronto-Dominion Bank, and Bank of Montreal, and is recognized for providing industry-leading insights and actionable investment recommendations. Parrow began his career in financial analysis in the early 2010s, working with leading investment banks before joining CIBC, and has developed a reputation for accuracy, with above-average success rates on platforms such as TipRanks. He holds professional credentials in securities research, including relevant FINRA registrations and Canadian securities licenses, and has been acknowledged internally for his analytical rigor and consistent outperformance.

    Johnson Parrow's questions to PRMW leadership

    Johnson Parrow's questions to PRMW leadership • Q1 2024

    Question

    Asked for details on the impact of digital initiatives on growth and customer experience metrics, and for an update on long-term capital allocation strategy and target cash levels.

    Answer

    Management explained they are investing heavily in digital, including the Mywater+ app and water.com, leading to increased digital interactions and faster response times. On capital allocation, David Hass mentioned they are close to selling two discontinued operations and remain committed to driving organic growth, investing in high-growth areas like Mountain Valley, and continuing their dividend and share repurchase programs. M&A remains a focus, with a strong pipeline for tuck-in acquisitions.

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