Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 97

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 97
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 to establish annual budgets and forecasts. BlueTriton also uses Adjusted EBITDA to establish short-term incentive compensation for management. 59

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 |   |
|:-----------------------------------------------------------------------|:----|:---------------|--------------:|:----|:--|--------------:|:--|:----|:--|--------------:|:----|:--|--------------:|:--|:----|:--|-------------:|:----|:--|-------------:|:--|:----|:--|-------------:|:--|:----|:------------|------------:|:--|
|                                                                        |     | -$ in millions |               |     |   |               |   |     |   |               |     |   |               |   |     |   |              |     |   |              |   |     |   |              |   |     |             |             |   |
| Net income (loss) from continuing operations                           |     | $              |          53.3 |     | $ |          57.5 |   |     | $ |         141.3 |     | $ |          80.7 |   |     | $ |         92.8 |     | $ |       (126.7 | ) |     | $ |       (160.6 | ) |     | $           |      (149.1