Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 223

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 223
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 to Part II, Item 5. “Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” in this Annual Report.

Dividend Payments

Dividend

Our Board of Directors declared a quarterly dividend of $0.09 per share of Class A common stock and Class B common stock in the last quarter of 2024 for an aggregate dividend of approximately $34.4 million. We intend to pay a regular quarterly dividend on our common stock subject to, among other things, the best interests of our stockholders, our results of operations, cash balances and future cash requirements, financial condition, statutory regulations and covenants set forth in agreements governing our debt above as well as other factors that the Board of Directors may deem relevant from time to time.

Additionally, on February 20, 2025, our Board of Directors declared a dividend of $0.10 per share of outstanding Class A common stock of the Company, payable in cash on March 24, 2025 to stockholders of record at the close of business on March 7, 2025.

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Cash Flows

The following table sets forth a summary of our cash flows for the periods indicated (in millions) as reported in our Consolidated Statements of Cash Flows in the accompanying Consolidated Financial Statements:

For the Year Ended December 31,($ in millions)202420232022Net cash provided by operating activities of continuing operations$463.8$320.9$108.3Net cash provided by (used in) investing activities of continuing operations468.6(217.6)(319.4)Net cash used in financing activities of continuing operations(362.9)(162.3)(147.7)Cash flows from discontinued operations:Net cash provided by operating activities from discontinued operations3.4——Net cash provided by investing activities from discontinued operations5.8——Net cash used in financing activities from discontinued operations(3.5)——Effect of exchange rates on cash(1.5)0.2(0.2)Net increase (decrease) in cash, cash equivalents and restricted cash$573.7$(58.8)$(359.0)Cash and cash equivalents and restricted cash, beginning of period47.0105.8464.8Cash and cash equivalents and restricted cash, end of period$620.7$47.0$105.8Cash and cash equivalents and restricted cash of discontinued operations, end of period6.3 —