Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 38

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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3.3$3.8$4,994.1$(1,749.7)$(2.0)$3,246.2

The accompanying notes are an integral part of these condensed consolidated financial statements

12

PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Continued)

Unaudited

Common StockAdditional Paid-In CapitalAccumulated DeficitAccumulated Other Comprehensive LossTotal Stockholders' Equity($ and shares in millions)SharesAmountMarch 31, 20241.0$—$1,024.8$(1,363.5)$(11.1)$(349.8)Net income———54.5—54.5Other comprehensive loss————(1.8)(1.8)Stock-based compensation——0.3——0.3Dividends to Sponsor Stockholder——————June 30, 20241.0$—$1,025.1$(1,309.0)$(12.9)$(296.8)Common StockAdditional Paid-In CapitalAccumulated DeficitAccumulated Other Comprehensive LossTotal Stockholders' Equity($ and shares in millions)SharesAmountDecember 31, 20231.0$—$1,024.5$(1,014.3)$(7.5)$2.7Net income———88.0—88.0Other comprehensive loss————(5.4)(5.4)Stock-based compensation——0.6——0.6Dividends to Sponsor Stockholder———(382.7)—(382.7)June 30, 20241.0$—$1,025.1$(1,309.0)$(12.9)$(296.8)

The accompanying notes are an integral part of these condensed consolidated financial statements

13

PRIMO BRANDS CORPORATION

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Unaudited

NOTE 1—DESCRIPTION OF THE BUSINESS 

On November 8, 2024, Primo Brands Corporation ("we", "Primo Brands" or the "Company") consummated the transactions contemplated by the Arrangement Agreement and Plan of Merger, dated as of June 16, 2024, as amended by that certain Amendment No. 1 thereto dated October 1, 2024 (the document, as amended, the “Arrangement Agreement