Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 188

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 188
---
 operations is used to monitor budget versus actual results. The CODM also uses the Company's performance in competitive analysis by benchmarking to Primo Brands' competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation. The Company has one reportable segment. The segment sources, bottles and delivers water to customers in North America and manages the business activities on a consolidated basis. The Company does not assess the performance of its individual products on measures of profit or loss, or asset based metrics. Net sales by water type can be found in Note 11 - "Revenue Recognition".The Company's Chief Executive Officer is the CODM. 

34

Table of Contents

Business segment information is presented below:Three Months Ended September 30,Nine Months Ended September 30,($ in millions)2025202420252024Net sales$1,766.1$1,305.1$5,109.9$3,755.3Less:Cost of sales, adjusted 11,097.6820.93,159.52,371.1Marketing expense54.958.5171.6159.9Selling expense, adjusted 1121.086.0344.1247.8General and administrative expense, adjusted 188.175.7322.0236.8Other segment expense 291.428.7243.971.1Depreciation and amortization163.177.8437.0227.3Interest and financing expense, net83.185.7247.1251.8Loss on modification and extinguishment of debt——18.6—Income taxes26.418.560.448.2Segment net income from continuing operations$40.5$53.3$105.7$141.3______________________1    The financial statement line items as presented in this table exclude depreciation and amortization and certain non-recurring income or charges.2    Other segment expenses include acquisition, integration and restructuring costs (as disclosed in Note 12 - "Acquisition, Integration and Restructuring Expenses") and other non-recurring income and charges.Long-lived assets in the United States, consisting of net fixed assets and operating lease right-of-use assets, accounted for 98.1% and 97.8% of consolidated long-lived assets as of September 30, 2025 and December 31, 2024, respectively.

NOTE 16—NET INCOME (LOSS)