Company: PRMB
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0002042694-25-000009
Chunk: 55

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 424B3
Chunk 55
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   |      239.0 |     |     |     86.8 | % |
| Premium water         |                 |                              |    73.9 |     |   |    13.4 |     |   |       60.5 |     |     |    451.5 | % |
| Other water           |                 |                              |    34.8 |     |   |    28.9 |     |   |        5.9 |     |     |     20.4 | % |
| Other                 |                 |                              |   196.5 |     |   |    62.0 |     |   |      134.5 |     |     |    216.9 | % |
| Total Net sales       |                 | $                            | 1,613.7 |     | $ | 1,135.8 |     | $ |      477.9 |     |     |     42.1 | % |

#### Net Sales
During three months ended March 31, 2025, net sales were $1,613.7 million, an increase of $477.9 million, or 42.1%, as compared to the three months ended March 31, 2024, primarily related to $470.3 million of net sales attributable to Primo Water as a result of the Transaction.

#### Cost of Sales
Cost of sales consists primarily of manufacturing, shipping and logistics, storage and handling, personnel costs and allocated facilities and overhead costs associated with products sold. Manufacturing costs consist primarily of raw materials, packaging costs and labor and utilities to convert raw materials into finished products.

During the three months ended March 31, 2025, cost of sales was $1,092.7 million, an increase of $302.4 million, or 38.3%, as compared to the three months ended March 31, 2024. The increase in costs is primarily driven by $315.6 million of cost of sales attributable to Primo Water as a result of the Transaction, partially offset by lower maintenance costs incurred in the current year period.

#### Gross Profit and Gross Margin
During the three months ended March 31, 2025, gross profit was $521.0 million, an increase of $175.5 million, or 50.8%, as compared to the three months ended March 31, 2024, and gross margin as a percentage of net sales