Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 34

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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$0.25$0.15 $0.40Weighted-average common stock outstanding (in thousands)Basic374,796 218,618 377,011 218,618 Diluted376,815 218,618 379,029 218,618 

The accompanying notes are an integral part of these condensed consolidated financial statements

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Table of Contents

PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Unaudited

Three Months Ended June 30,Six Months Ended June 30,($ in millions)2025202420252024Net income$27.6$54.5$56.3$88.0Other comprehensive income (loss), net of tax:Net change in foreign currency translation adjustments10.8(1.7)13.5(5.1)Net unrealized actuarial loss in postretirement benefit plans(0.2)(0.1)(0.4)(0.3)Unrealized gain on fair value hedges, net of tax10.1—2.1—Other comprehensive income (loss)10.7(1.8)15.2(5.4)Total comprehensive income$38.3$52.7$71.5$82.6

1   Net of the tax impact of nil and $0.7 million for the three and six months ended June 30, 2025, respectively. 

The accompanying notes are an integral part of these condensed consolidated financial statements

9

PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Unaudited

Three Months Ended June 30,Six Months Ended June 30,($ in millions)2025202420252024Cash flows from operating activities of continuing operations:Net income$27.6$54.5$56.3$88.0Less: Net loss from discontinued operations, net of income taxes(2.9)— (8.9)— Net income from continuing operations$30.5$54.5$65.2$88.0Adjustments to reconcile net income from continuing operations to cash flows from operating activities of continuing operations:Depreciation and amortization145.374.3273.9149.5Amortization of debt discount and issuance costs7.64.513.78.0Stock-based compensation costs12.90.324.90.6