Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 89

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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 on modification and extinguishment of debt18.60.6 %—— %18.6100%Interest and financing expense, net164.04.9 %166.16.8 %(2.1)(1.3)%Income from continuing operations before income taxes99.23.0 %117.74.8 %(18.5)(15.7)%Provision for income taxes34.01.0 %29.71.2 %4.314.5 %Net income from continuing operations$65.21.9 %$88.03.6 %$(22.8)(25.9)%

The following table sets forth our consolidated Net sales by water type:

Six Months Ended June 30,($ in millions)20252024$ Variance% ChangeRegional spring water$1,669.2 $1,616.7 $52.5 3.2 %Purified water1,060.0 604.5 455.5 75.4 %Premium water161.4 32.1 129.3 402.8 %Other water70.0 70.1 (0.1)(0.1)%Other383.2 126.8 256.4 202.2 %Total Net sales$3,343.8 $2,450.2 $893.6 36.5 %

Net Sales

During the six months ended June 30, 2025, net sales were $3,343.8 million, an increase of $893.6 million, or 36.5%, as compared to the six months ended June 30, 2024, primarily related to $919.3 million of net sales attributable to Primo Water as a result of the Transaction, partially offset by $41.9 million in volumes attributable to nonrecurring sales as a result of the sale of the production facility in Ontario, Canada that was completed during the first quarter of 2025.

Cost of Sales

During the six months ended June 30, 2025, cost of sales was $2,281.9 million, an increase of $607.0 million, or 36.2%, as compared to the six months ended June 30, 2024. The increase in costs is primarily driven by $626.8 million of cost of sales attributable to Primo Water as a result of the Transaction.

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