Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 36

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 per common share$0.04 $0.24$0.19 $0.65Weighted-average common stock outstanding (in thousands)Basic372,318 218,618 375,429 218,618 Diluted374,055 218,618 377,314 218,618 

The accompanying notes are an integral part of these condensed consolidated financial statements

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PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Unaudited

Three Months Ended September 30,Nine Months Ended September 30,($ in millions)2025202420252024Net income$16.8$53.3$73.1$141.3Other comprehensive (loss) income, net of tax:Net change in foreign currency translation adjustments(1.1)1.812.4(3.3)Net unrealized actuarial loss in postretirement benefit plans(0.2)(0.1)(0.6)(0.4)Unrealized loss on fair value hedges, net of tax1(2.8)—(0.7)—Other comprehensive (loss) income(4.1)1.711.1(3.7)Total comprehensive income$12.7$55.0$84.2$137.6

1   Net of the tax impact of $0.9 million and $0.2 million for the three and nine months ended September 30, 2025, respectively. 

The accompanying notes are an integral part of these condensed consolidated financial statements

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PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Unaudited

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,($ in millions)2025202420252024Cash flows from operating activities of continuing operations:Net income$16.8$53.3$73.1$141.3Less: Net loss from discontinued operations, net of income taxes(23.7)— (32.6)— Net income from continuing operations$40.5$53.3$105.7$141.3Adjustments to reconcile net income from continuing operations to cash flows from operating activities of continuing operations:Depreciation and amortization163.177.8437.0227.3Amortization of debt discount and issuance costs8.24.