Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 204

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 204
---
 tax benefit and losses in tax jurisdictions with existing valuation allowances. 

44

Table of Contents

Nine Months Ended September 30, 2025 Compared to the Nine Months Ended September 30, 2024

Consolidated Results

The following table sets forth our consolidated statements of operations data for the periods indicated:

Nine Months Ended September 30,($ in millions)2025% of Net Sales2024% of Net Sales$ Variance% ChangeNet sales$5,109.9100.0 %$3,755.3100.0 %$1,354.636.1 %Cost of sales3,519.868.9 %2,563.868.3 %956.037.3 %Gross profit1,590.131.1 %1,191.531.7 %398.633.5 %Selling, general and administrative expenses1,049.420.5 %714.719.0 %334.746.8 %Acquisition, integration and restructuring expenses133.72.6 %29.00.8 %104.7361.0 %Other operating (income) expense, net(5.4)(0.1)%6.50.2 %(11.9)(183.1)%Operating income412.48.1 %441.311.8 %(28.9)(6.5)%Other income, net(19.4)(0.4)%—— %(19.4)100%Loss on modification and extinguishment of debt18.60.4 %—— %18.6100%Interest and financing expense, net247.14.8 %251.86.7 %(4.7)(1.9)%Income from continuing operations before income taxes166.13.3 %189.55.0 %(23.4)(12.3)%Provision for income taxes60.41.2 %48.21.3 %12.225.3 %Net income from continuing operations$105.72.1 %$141.33.8 %$(35.6)(25.2)%

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

Nine Months Ended September 30,($ in millions)20252024$ Variance% ChangeRegional spring water$2,554.8 $2,465.6 $89.2 3.6