Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 121

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 121
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 spread among a number of customers and are geographically dispersed. As of, and for the year ended,
December 31, 2023, there was one customer within the Retail segment who made up approximately 30% of trade receivables, net and 25% of net sales. No other individual customer makes up more than 10% of trade receivables, net, or net sales. If
any of BlueTriton’s significant customers should discontinue their partnership with BlueTriton, it could have a material adverse effect on the company’s business, financial condition, results of operations, and cash flows.

BlueTriton maintains provisions for potential credit losses and such losses to date have normally been within BlueTriton’s expectations.
BlueTriton evaluates the solvency of its customers on an ongoing basis to determine if additional allowances for doubtful accounts receivable need to be recorded. Significant economic disruptions or a slowdown in the economy could result in
additional charges. BlueTriton has not historically experienced any significant losses related to the collection of trade receivables.

Inflation Risk

Changes in some commodity costs may have a more significant impact on BlueTriton’s business than others.
BlueTriton’s more significant variable costs are PET (and other plastics), indirect fuel, and electricity. While BlueTriton does take proactive measures to aid it in maintaining a level of predictability of these costs, if BlueTriton’s
costs become subject to significant inflationary pressures, it may not be able to fully offset or mitigate higher costs through operational efficiencies or price increases. BlueTriton’s inability or failure to address challenges relating to
inflation could adversely affect BlueTriton’s business, financial condition, results of operations, and cash flows.

Recently Issued Accounting Pronouncements

See the notes to BlueTriton’s consolidated financial statements included elsewhere in this prospectus.

79

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF PRIMO WATER

The following discussion and analysis of Primo Water’s financial condition and results of operations should be read in conjunction with Primo Water’s consolidated financial statements and related notes included elsewhere in this prospectus. The historical consolidated financial data discussed below reflect Primo Water’s historical results of operations and financial position and do not give effect to pro forma adjustments related to the Transaction. As a result, the following discussion does not reflect the significant impact such events will have on Primo Water. This