Company: PRMB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0002042694-25-000007
Chunk: 120

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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ated Statements of Cash Flows as purchases of plant, property and equipment and purchases of intangible assets.The CODM uses Net income from continuing operations to evaluate income generated from segment assets in deciding whether to reinvest profits into the segment or into other parts of the Company, such as for acquisitions or to pay dividends.Net income from continuing operations is used to monitor budget versus actual results. The CODM also uses the Company's performance in competitive analysis by benchmarking to Primo Brands' competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation. The Company has one reportable segment. The segment sources, bottles and delivers water to customers in North America and manages the business activities on a consolidated basis. The Company does not assess the performance of its individual products on measures of profit or loss, or asset based metrics. Net sales by water type can be found in Note 10. "Revenue Recognition".The Company's Chief Executive Officer is the CODM. 

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Table of Contents

Business segment information is presented below:Three Months Ended March 31,($ in millions)20252024Net sales$1,613.7$1,135.8Less:Cost of sales, adjusted11,002.3727.9Marketing expense44.339.5Selling expense, adjusted1105.975.9General and administrative expense, adjusted1119.674.9Other segment expense259.917.6Depreciation and amortization128.675.2Interest and financing expense, net82.179.9Loss on modification and extinguishment of debt18.6—Income taxes17.711.4Segment net income from continuing operations$34.7$33.5______________________1.    The financial statement line items as presented in this table exclude depreciation and amortization and certain non-recurring income or charges.2.    Other segment expenses include acquisition, integration and restructuring costs and other non-recurring income and charges.Long-lived assets in the United States, consisting of net fixed assets and operating lease right-of-use assets, accounted for 97.8% of consolidated long-lived assets as of both March 31, 2025 and December 31, 2024.

NOTE 15—NET INCOME (LOSS) PER COMMON SHARE

Basic net income (loss) per common share is calculated by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Dil