Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 89

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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Three Months Ended September 30, 2025 Compared to the Three Months Ended September 30, 2024

Consolidated Results

The following table sets forth our consolidated statements of operations data for the periods indicated:

Three Months Ended September 30,($ in millions)2025% of Net Sales2024% of Net Sales$ Variance% ChangeNet sales$1,766.1 100.0 %$1,305.1 100.0 %$461.035.3 %Cost of sales1,237.9 70.1 %888.9 68.1 %349.039.3 %Gross profit528.2 29.9 %416.2 31.9 %112.026.9 %Selling, general and administrative expenses343.0 19.4 %239.7 18.4 %103.343.1 %Acquisition, integration and restructuring expenses44.2 2.5 %10.0 0.8 %34.2342.0 %Other operating (income) expense, net(5.4)(0.3)%9.0 0.7 %(14.4)(160.0)%Operating income146.4 8.3 %157.5 12.1 %(11.1)(7.0)%Other income, net(3.6)(0.2)%— — %(3.6)100%Interest and financing expense, net83.1 4.7 %85.7 6.6 %(2.6)(3.0)%Income from continuing operations before income taxes66.9 3.8 %71.8 5.5 %(4.9)(6.8)%Provision for income taxes26.4 1.5 %18.5 1.4 %7.942.7 %Net income from continuing operations$40.5 2.3 %$53.3 4.1 %$(12.8)(24.0)%

The following table sets forth our consolidated Net sales by water type:

Three Months Ended September 30,($ in millions)20252024$ Variance% ChangeRegional spring water$885.6 $848.9 $36.7 4.3 %Purified water557.5 330.9