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

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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28.9)(6.5)%Other income, net(19.4)(0.4)%—— %(19.4)100%Loss on modification and extinguishment of debt18.60.4 %—— %18.6100%Interest and financing expense, net247.14.8 %251.86.7 %(4.7)(1.9)%Income from continuing operations before income taxes166.13.3 %189.55.0 %(23.4)(12.3)%Provision for income taxes60.41.2 %48.21.3 %12.225.3 %Net income from continuing operations$105.72.1 %$141.33.8 %$(35.6)(25.2)%

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

Nine Months Ended September 30,($ in millions)20252024$ Variance% ChangeRegional spring water$2,554.8 $2,465.6 $89.2 3.6 %Purified water1,617.5 935.4 682.1 72.9 %Premium water259.6 50.6 209.0 413.0 %Other water103.0 108.3 (5.3)(4.9)%Other575.0 195.4 379.6 194.3 %Total Net sales$5,109.9 $3,755.3 $1,354.6 36.1 %

Net Sales

During the nine months ended September 30, 2025, net sales were $5,109.9 million, an increase of $1,354.6 million, or 36.1%, as compared to the nine months ended September 30, 2024, primarily related to $1,381.9 million of net sales attributable to Primo Water as a result of the Transaction and to a lesser extent, $37.8 million attributable to BlueTriton Brands due primarily to increased volumes, partially offset by $65.1 million in volumes attributable to nonrecurring sales as a result of the sale of the production facility in Ontario, Canada that was completed during the first quarter of 2025.

Cost of Sales

During the nine months ended September 30, 2025, cost of sales was $3,519.8 million,