Company: PRMB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0002042694-25-000007
Chunk: 113

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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 interest rate4.1 %Average expected life (years)2.9Expected volatility27.8 %Beginning TSR Price$30.74The risk-free rate is based on the U.S. Treasury yield in effect at the grant date with a term equal to the simulation period used in the Monte-Carlo simulation model. The simulation period is equal to the performance periods associated with the performance shares. Volatility is based on the Company's historical share price data. Beginning TSR price is equal to the average closing price for the 20 trading days from December 3, 2024 to December 31, 2024.

NOTE 10—REVENUE RECOGNITION 

Disaggregation of RevenueThe Company's primary geographic market is North America with sales in the United States accounting for 98.4% and 97.6% of consolidated net sales for the three months ended March 31, 2025 and 2024, respectively.Disaggregation of net sales by water type for the periods presented is as follows:Three Months Ended March 31,($ in millions)20252024Regional spring water$794.1 $756.1 Purified water514.4 275.4 Premium water73.9 13.4 Other water34.8 28.9 Other196.5 62.0 Total net sales$1,613.7 $1,135.8 Contract BalancesThe Company does not have any material contract assets or liabilities as of March 31, 2025 and December 31, 2024.

NOTE 11—ACQUISITION, INTEGRATION AND RESTRUCTURING EXPENSES

Transaction costs include those associated with the Transaction, including subsequent costs directly related to its consummation. Other acquisition expenses include costs associated with our acquisitions, as well as costs incurred on potential acquisitions. Integration and restructuring expenses mainly include costs incurred to achieve post-Transaction synergies, information technology implementation costs, and costs incurred on business optimization, among others. In connection with the closing of the Transaction, the Board authorized a series of cost cutting measures which are expected to continue through 2026. These restructuring costs are expected to result in a range of approximately $75.0 million - $100.0 

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million of aggregate charges, which are anticipated to include $47.0 million - $55.0 million of one-time cash termination benefits as well as costs associated with the decommissioning