Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 26

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 26
---
52,116 shares were withheld from delivery to our employees to satisfy their tax obligations related to the vesting of equity-based awards. Please refer to Part II, Item 2. “Unregistered Sales of Equity Securities and Use of Proceeds” in this Quarterly Report.

Dividend Payments

Dividend

On February 20, 2025, our Board of Directors declared a dividend of $0.10 per share of our outstanding Class A Common Stock to stockholders of record at the close of business on March 7, 2025 which was paid in cash on March 24, 2025.

On May 1, 2025, our Board of Directors declared a dividend of $0.10 per share on our outstanding Class A Common Stock, payable in cash on June 17, 2025 to stockholders of record at the close of business on June 6, 2025.

On August 6, 2025, our Board of Directors declared a dividend of $0.10 per share on our outstanding Class A common stock, payable in cash on September 4, 2025 to stockholders of record at the close of business on August 21, 2025.

53

Cash Flows

The following table sets forth a summary of our cash flows for the periods indicated (in millions) as reported in our Condensed Consolidated Statements of Cash Flows in the accompanying Condensed Consolidated Financial Statements:

Three Months Ended June 30,Six Months Ended June 30,($ in millions)2025202420252024Net cash provided by operating activities of continuing operations$155.0$102.5$193.8$108.5Net cash used in investing activities of continuing operations(50.6)(47.6)(73.8)(89.3)Net cash used in financing activities of continuing operations(154.0)(69.8)(334.8)(47.7)Cash flows from discontinued operations:Net cash (used in) provided by operating activities from discontinued operations(0.6)—2.3—Net cash provided by (used in) investing activities from discontinued operations6.7—(1.3)—Net cash provided by financing activities from discontinued operations1.0—3.4—Effect of exchange rates on cash, cash equivalents and restricted cash1.6(0.1)2.1(0.4)Net decrease in cash, cash equivalents and restricted cash$(40.9)$(15.0)$(208.