Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 91

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 91
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 indicator to evaluate BlueTriton’s performance, allocate resources, and measure leverage. BlueTriton believes that Adjusted EBITDA is a useful metric for management, investors, and analysts because it excludes certain items that can vary widely across different industries or among companies within the same industry, and it removes the impact of items that BlueTriton does not believe were indicative of its core operating performance. These differences can result in considerable variability in the relative costs of productive assets and the depreciation and amortization expense among companies, and BlueTriton believes these adjustments allow for consistent comparison of its operating results over time and relative to its peers. BlueTriton uses Adjusted EBITDA to supplement GAAP measures of performance in evaluating the effectiveness of its business strategies, and to establish annual budgets and forecasts. BlueTriton also uses Adjusted EBITDA to establish short-term incentive compensation for management. 58

The following table reconciles net income (loss), the most directly comparable GAAP measure, to Adjusted EBITDA for the periods presented.

|                                                                        |     | Successor      |  Three Months 
         Ended 
 September 30, 
          2024 |     |   |  Three Months 
         Ended 
 September 30, 
          2023 |   |     |   |   Nine Months 
         Ended 
 September 30, 
          2024 |     |   |   Nine Months 
         Ended 
 September 30, 
          2023 |   |     |   |   Year Ended 
 December 31, 
         2023 |     |   |   Year Ended 
 December 31, 
         2022 |   |     |   |  Period from 
  February 3, 
 2021 through 
 December 31, 
         2021 |   |     | Predecessor | Period from 
  January 1, 
        2021 
     through 
   March 31, 
        2021 |   |
|:-----------------------------------------------------------------------|:----|:---------------|--------------:|:----|:--|--------------:|:--|:----|:--|--------------:|:----|:--|--------------:|:--|:----|:--|-------------:|:----|:--|-------------:|:--|:----|:--|-------------:|:--|:----|:------------|------------:|:--|
|                                                                        |     | -$