Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 77

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 77
---
 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) PER COMMON SHARE

Basic net income (loss) per common share is calculated by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is calculated using the weighted-average number of shares of common stock outstanding and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities consist of stock options, Performance-based RSUs, Time-based RSUs, and stock purchase rights granted under the Employee Share Purchase Plan ("ESPP"). The dilutive effect of these securities are reflected in diluted income (loss) per share by application of the treasury stock method. Potentially dilutive securities are excluded from the computation of diluted net income (loss