Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 65

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 received all of the proceeds from the May Offering. No shares were sold by the Company.Share Repurchase ProgramOn August 6, 2025, the Board of Directors approved a share repurchase program of $250.0 million of the Company's outstanding Class A common stock (the "Repurchase Program"). During the three and nine months ended September 30, 2025, we repurchased 3,011,204 shares of our Class A common stock for an aggregate purchase price of approximately $73.2 million, including commissions paid to brokers, through open market transactions under the Repurchase Program. Shares purchased under this plan were subsequently retired.Accumulated Other Comprehensive Income (Loss)Accumulated other comprehensive income (loss) ("AOCI") represents gains and losses affecting stockholders' equity that are not reflected on the Condensed Consolidated Statements of Operations. The Company uses the portfolio approach for releasing income tax effects from AOCI.The following table reflects the changes in AOCI, net of taxes, by component for the periods presented:($ in millions) ¹Gains and Losses On Derivative Instruments1Cumulative Translation AdjustmentPostretirement Benefit Plan ItemsTotalBalance as of June 30, 2025$2.4$(6.1)$1.7$(2.0)OCI before reclassifications(4.4)(1.1)—(5.5)Amounts reclassified from AOCI1.6—(0.2)1.4Net current-period OCI(2.8)(1.1)(0.2)(4.1)Balance as of September 30, 2025$(0.4)$(7.2)$1.5$(6.1)Balance as of December 31, 2024$0.3$(19.6)$2.1$(17.2)OCI before reclassifications(5.8)11.4—5.6Amounts reclassified from AOCI5.11.0(0.6)5.5Net current-period OCI(0.7)12.4(0.6)11.1Balance as of September 30, 2025$(0.4)$(7.2)$1.5$(6.1)Balance as of June 30, 2024$—$(15.0)$2.1$(12.9)OCI before reclassifications—1.8—1.8Amounts reclassified from AOCI——(0