Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 88

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 88
---
 |   |               33.4 |     |   |              (0.8 | ) |
| Pro forma earnings per Class B common stock – Basic and diluted (share amounts in 
 thousands):                                                                       |                                                   |   |                    |     |   |                   |   |
| Class B common stock owned by BlueTriton shareholders                             |                                                   |   |             64,512 |     |   |            64,512 |   |
| Pro forma weighted average number of Class B common stock outstanding – Basic and 
 diluted                                                                           |                                                   |   |             64,512 |     |   |            64,512 |   |
| Pro forma basic earnings (loss) per Class B common stock – Basic and              
 diluted                                                                           |                                                   |   |               0.52 |     |   |             (0.01 | ) |

54

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF BLUETRITON

The following discussion and analysis of BlueTriton’s financial condition and results of operations should be read in conjunction with BlueTriton’s consolidated financial statements and related notes included elsewhere in this prospectus. The historical consolidated financial data discussed below reflect BlueTriton’s historical results of operations and financial position and do not give effect to pro forma adjustments related to the Transaction. As a result, the following discussion does not reflect the significant impact such events will have on BlueTriton or Primo Brands. This discussion may contain forward-lookingstatements based upon management’s current plans, expectations, and beliefs involving risks and uncertainties. BlueTriton’s actual results may differ materially from those anticipated in these forward-lookingstatements as a result of various known and unknown factors, including those set forth under “Risk Factors” and “Forward-LookingStatements” of this prospectus. Unless otherwise expressly stated or the context otherwise requires, references to “BlueTriton,” within this Management’s Discussion and Analysis of Financial Condition and Results of Operations of BlueTriton refer to Triton Water Parent, Inc. and its subsidiaries.

Background and Overview

BlueTriton is a leading provider of bottled water in the United States and Canada, offering an extensive portfolio of highly
recognizable, responsibly sourced national and regional spring, purified and flavored water brands. For the nine months ended September 30, 2024 and the year ended December 31, 2023, BlueTriton generated net sales of $3,755.