Company: PRMB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0002042694-25-000007
Chunk: 46

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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%Selling, general and administrative expenses327.820.3 %218.719.3 %109.149.9 %Acquisition, integration and restructuring expenses39.82.5 %5.80.5 %34.0586.2 %Other operating expense (income), net0.2— %(3.8)(0.3)%4.0(105.3)%Operating income153.29.5 %124.811.0 %28.422.8 %Other expense, net0.1— %—— %0.1100%Loss on modification and extinguishment of debt18.61.2 %—— %18.6100%Interest and financing expense, net82.15.1 %79.97.0 %2.22.8 %Income from continuing operations before income taxes52.43.2 %44.94.0 %7.516.7 %Provision for income taxes17.71.1 %11.41.0 %6.355.3 %Net income from continuing operations$34.72.2 %$33.52.9 %$1.23.6 %

The following table sets forth our consolidated Net sales by water type:

Three Months Ended March 31,($ in millions)20252024$ Variance% ChangeRegional spring water$794.1 $756.1 $38.0 5.0 %Purified water514.4 275.4 239.0 86.8 %Premium water73.9 13.4 60.5 451.5 %Other water34.8 28.9 5.9 20.4 %Other196.5 62.0 134.5 216.9 %Total Net sales$1,613.7 $1,135.8 $477.9 42.1 %

Net Sales

During three months ended March 31, 2025, net sales were $1,613.7 million, an increase of $477.9 million, or 42.1%, as compared to the three months ended March 31, 2024, primarily related to $470.3 million of net sales attributable to Primo Water as a result of the Transaction.

Cost of Sales

Cost of sales consists primarily of manufacturing, shipping and