Company: PRMB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0002042694-25-000007
Chunk: 62

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 Class A Common Stock of the Company 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, the Board of Directors declared a dividend of $0.10 per share on the outstanding Class A Common Stock of the Company, payable in cash on June 17, 2025 to stockholders of record at the close of business on June 6, 2025.

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Table of Contents

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 March 31,($ in millions)20252024Net cash provided by operating activities of continuing operations$38.8$6.0Net cash used in investing activities of continuing operations(23.2)(41.7)Net cash (used in) provided by financing activities of continuing operations(180.8)22.1Cash flows from discontinued operations:Net cash provided by operating activities from discontinued operations2.9—Net cash used in investing activities from discontinued operations(8.0)—Net cash provided by financing activities from discontinued operations2.4—Effect of exchange rates on cash, cash equivalents and restricted cash0.5(0.3)Net decrease in cash, cash equivalents and restricted cash$(167.4)$(13.9)Cash and cash equivalents and restricted cash, beginning of period620.747.0Cash and cash equivalents and restricted cash, end of period$453.3$33.1Cash and cash equivalents and restricted cash of discontinued operations, end of period3.6 — Cash and cash equivalents and restricted cash of continuing operations, end of period$449.7 $33.1 

Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024

Net cash provided by operating activities from continuing operations was $38.8 million for the three months ended March 31, 2025 as compared to $6.0 million for the three months ended March 31, 2024. The $32.8 million increase was due primarily to improved earnings, excluding non-cash charges and cash provided by other current assets of $27.3 million partially offset by cash used for trade payables and accrued liabilities of $72.5 million