Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 170

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 170
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 periods presented is as follows:Three Months Ended June 30,Six Months Ended June 30,($ in millions)2025202420252024Regional spring water$875.1 $860.6 $1,669.2 $1,616.7 Purified water545.6 329.1 1,060.0 604.5 Premium water87.5 18.7 161.4 32.1 Other water35.2 41.2 70.0 70.1 Other186.7 64.8 383.2 126.8 Total net sales$1,730.1 $1,314.4 $3,343.8 $2,450.2 Contract BalancesThe Company does not have any material contract assets or liabilities as of June 30, 2025 and December 31, 2024.

NOTE 12—ACQUISITION, INTEGRATION AND RESTRUCTURING EXPENSES

Transaction costs include those associated with the Transaction, including subsequent costs directly related to its consummation. Other acquisition expenses include costs associated with our acquisitions, as well as costs incurred on potential acquisitions. Integration and restructuring expenses mainly include costs incurred to achieve post-Transaction synergies, information technology implementation costs, and costs incurred on business optimization, among others. In connection with the closing of the Transaction, the Board authorized a series of cost cutting measures which are expected to continue through 2026. These restructuring costs are expected to result in a range of approximately $75.0 million - $100.0 million of aggregate charges, which are anticipated to include $47.0 million - $55.0 million of one-time cash termination benefits as well as costs associated with the decommissioning of facilities and the early termination of leases. The following table summarizes the components of Acquisition, integration and restructuring expenses on the Condensed Consolidated Statements of Operations:Three Months Ended June 30,Six Months Ended June 30,($ in millions)2025202420252024Transaction costs$2.5$13.2$6.2$19.0Other acquisition expenses3.0—4.4—Other integration expenses34.4—62.3—Total acquisition and integration expenses39.913.272.919.0Non-cash exit and disposal charges2.4—2.9—Facility closure expense6.4—12.6—Employee severance