Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 87

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 87
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 reflect the incremental amortization of identifiable intangible assets acquired in the Transaction (see note 
 3(e)).                                                                                                          |

| (i) | To reflect income tax related to the pro forma adjustments using a blended statutory rate inclusive of U.S. 
 federal and state taxes.                                                                                    |

| 6. | Pro forma earnings (loss) per share |

For purposes of the unaudited pro forma condensed combined financial information, the pro forma earnings per share figures have been calculated using the pro forma weighted average number of Class A common stock and Class B common stock which would have been outstanding for the year ended December 31, 2023 and for the nine months ended September 30, 2024, assuming the completion of the Transaction on January 1, 2023. 53

Pro forma basic earnings (loss) per share is calculated by dividing pro forma net income (loss) by the pro forma weighted-average number of Class A common stock and Class B common stock outstanding during the periods presented. Pro forma diluted earnings (loss) per share is calculated by dividing pro forma net income (loss) by the pro forma weighted-average number of Class A common stock and Class B common stock outstanding adjusted to include the effect, if dilutive, of the exercise of in-the-moneystock options, performance-based RSUs, and time-based RSUs during the periods presented. The components of pro forma basic and diluted earnings (loss) per share are as follows:

|                                                                                   | (in millions, except share and per share amounts) |   |  Nine months ended 
 September 30, 2024 |     |   |        Year ended 
 December 31, 2023 |   |
|:----------------------------------------------------------------------------------|:--------------------------------------------------|:--|-------------------:|:----|:--|------------------:|:--|
|                                                                                   |                                                   | $ |                    |     | $ |                   |   |
| Pro forma net income (loss)                                                       |                                                   |   |              196.4 |     |   |              24.2 |   |
| Dividend on preferred stock                                                       |                                                   |   |                  — |     |   |              25.8 |   |
| Excess of redemption value over carrying value of preferred stock                 |                                                   |   |                  — |     |   |               3.1 |   |
| Pro forma net income (loss) attributable to Class A and Class B common            
 stock                                                                             |                                                   |   |              196