Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 93

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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.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 %Purified water1,617.5 935.4 682.1 72.9 %Premium water259.6 50.6 209.0 413.0 %Other water103.0 108.3 (5.3)(4.9)%Other575.0 195.4 379.6 194.3 %Total Net sales$5,109.9 $3,755.3 $1,354.6 36.1 %

Net Sales

During the nine months ended September 30, 2025, net sales were $5,109.9 million, an increase of $1,354.6 million, or