Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 102

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 102
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12.4 |   |     |          |   4.1 | %  |
| Operating income   |     |                                  |  35.8 |   |     |      |  41.7 |   |     |            | (5.9 | ) |     |          | (14.1 | )% |
| Operating margin % |     |                                  |  11.3 | % |     |      |  13.7 | % |     |            |      |   |     |          |       |    |

Net sales for the three months ended September 30, 2024 were $317.4 million, an increase of $12.4 million, or 4.1%, as compared to the three months ended September 30, 2023, primarily driven by a near equal impact of effective pricing and mix, and a 2.3% volume improvement. 63

Operating income for the three months ended September 30, 2024 was $35.8 million, a decrease of $5.9 million compared to the three months ended September 30, 2023, primarily as a result of labor-related delivery costs and marketing expenses, which rose $7.3 million and $3.0 million, respectively, partially offset by improved pricing and mix and a $4.1 million reduction in broker commissions. Nine Months Ended September 30, 2024 Compared to Nine Months Ended September 30, 2023 The following table sets forth a summary of BlueTriton’s operations for the periods indicated (in millions):

|                                                     |     | Nine Months Ended September 30, |    2024 |   |     |   |    2023 |   |     |   | $ Variance |   |     |     | % Change |    |
|:----------------------------------------------------|:----|:--------------------------------|--------:|:--|:----|:--|--------:|:--|:----|:--|-----------:|:--|:----|:----|---------:|:---|
| Net sales                                           |     | $                               | 3,755.3 |   |     | $ | 3,612.7 |   |     | $ |      142.6 |   |     |     |      3.9 | %  |
| Cost of sales                                       |     |                                 | 2,563.8 |   |     |   |