Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 141

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 141
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54.5% in the prior year period.

North America SG&A expenses
increased to $733.0 million for the year to date from $687.2 million in the prior year period due primarily to higher selling and operating costs that supported volume and revenue growth related primarily to labor increases of
$31.0 million, increases in insurance costs of $11.6 million and increases in share-based compensation of $1.8 million from the prior year period.

Other SG&A expenses increased to $43.1 million for the year to date from $38.8 million in the prior year period due primarily to
an increase in share-based compensation of $9.1 million, partially offset by a decrease of $6.7 million related to professional fees in the prior year period not recurring in the current year period.

Acquisition and Integration Expenses

Acquisition and integration expenses increased to $26.6 million for the year to date from $6.0 million in the prior year period.
Acquisition and integration expenses as a percentage of revenue was 1.8% for the year to date compared to 0.5% in the prior year period.

North America acquisition and integration expenses decreased to $1.9 million for the year to date from $4.6 million in the prior
year period due primarily to lower integration costs in the current year period.

Other acquisition and integration expenses increased to
$24.7 million for the year to date compared to $1.4 million in the prior year period due primarily to increased legal and other professional fees in the current year related to the Transaction.

Gain on Sale of Property

Gain on sale of
property decreased to $0.5 million for the year to date from $5.3 million in the prior year period. Gain on sale of property as a percentage of revenue was 0.0% for the year to date compared to 0.4% in the prior year period.

97

The decrease was due to lower gains resulting from sale transactions for owned real
properties in the current year period compared to the prior year period.

Operating Income

Operating income increased to $133.8 million for the year to date from $122.6 million in the prior year period.

North America operating income increased to $201.0 million for the year to date from $162.3 million in the prior year period due to
the items discussed above.

Other operating loss increased to $67.2 million for the year to date from $39.7 million in