Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 99

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 99
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 % |     |                                 |  10.2 | % |     |      |  10.2 | % |     |            |      |     |          |     |   |

Net sales for the nine months ended September 30, 2024 were $888.5 million, an increase of $38.0 million, or 4.5%, as compared to the nine months ended September 30, 2023. This increase was primarily driven by effective pricing and mix improvement, and to a lesser extent, 1.6% volume growth during the current year period. Operating income for the nine months ended September 30, 2024 was $91.0 million, an increase of $4.1 million compared to the nine months ended September 30, 2023, primarily as a result of higher net sales and a $13.9 million reduction in broker commissions as we shifted our customer acquisition strategy, driving a $9.8 million increase in marketing expenses over the prior year. 65

Year Ended December 31, 2023 Compared to Year Ended December 31, 2022 Consolidated Results The following table sets forth BlueTriton’s consolidated statements of operations data for the periods indicated (in millions).

|                                                     |     | Year Ended December 31, |    2023 |   |     |   |    2022 |   |     |   | $ Variance |   |     |     | % Change |    |
|:----------------------------------------------------|:----|:------------------------|--------:|:--|:----|:--|--------:|:--|:----|:--|-----------:|:--|:----|:----|---------:|:---|
| Net sales                                           |     | $                       | 4,698.7 |   |     | $ | 4,441.1 |   |     | $ |      257.6 |   |     |     |      5.8 | %  |
| Cost of sales                                       |     |                         | 3,346.7 |   |     |   | 3,446.9 |   |     |   |     (100.2 | ) |     |     |     (2.9 | )% |
| Gross profit                                        |     |                         | 1,352.0 |   |     |   |   994.2 |   |     |   |      357.