Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 166

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 166
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urchased shares of Class A Common Stock are no longer outstanding.On May 8, 2025, the Company entered into an underwriting agreement with the Sponsor Stockholder, Triton Water Equity Holdings and BofA Securities, Inc. and Morgan Stanley & Co. LLC, as underwriters, in connection with the underwritten secondary offering by the Sponsor Stockholder and Triton Water Equity Holdings of 47,500,000 shares of Class A Common Stock at a price of $31.67 per share (the "May Offering"). The May Offering closed on May 12, 2025. The Sponsor Stockholder and Triton Water Equity Holdings received all of the proceeds from the May Offering. No shares were sold by the Company.

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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)Gains and Losses On Derivative Instruments1Cumulative Translation Adjustment3Postretirement Benefit Plan Items2TotalBalance as of March 31, 2025$2.3$(16.9)$1.9$(12.7)OCI before reclassifications(1.7)9.8—8.1Amounts reclassified from AOCI1.81.0(0.2)2.6Net current-period OCI0.110.8(0.2)10.7Balance as of June 30, 2025$2.4$(6.1)$1.7$(2.0)Balance as of December 31, 2024$0.3$(19.6)$2.1$(17.2)OCI before reclassifications(1.4)12.5—11.1Amounts reclassified from AOCI3.51.0(0.4)4.1Net current-period OCI2.113.5(0.4)15.2Balance as of June 30, 2025$2.4$(6.1)$1.7$(2.0)Balance as of March 31, 2024$—$(13.3)$2.2$(11.1)OCI before reclassifications—(1.7)—(1.