Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 114

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 114
---
 Period, due to the factors mentioned above.

71

Segment Results Retail

|                    | ($ in millions) | Successor |   Year Ended 
 December 31, 
         2022 |   |     |   |  Period from 
  February 3, 
 2021 through 
 December 31, 
         2021 |   |     | Predecessor |  Period from 
   January 1, 
 2021 through 
    March 31, 
         2021 |   |
|:-------------------|:----------------|:----------|-------------:|:--|:----|:--|-------------:|:--|:----|:------------|-------------:|:--|
| Net sales          |                 | $         |      3,391.5 |   |     | $ |      2,338.7 |   |     | $           |        621.1 |   |
| Operating income   |                 |           |         87.2 |   |     |   |         20.1 |   |     |             |          1.8 |   |
| Operating margin % |                 |           |          2.6 | % |     |   |          0.9 | % |     |             |          0.3 | % |

During the year ended December 31, 2022, net sales were $3,391.5 million compared to $2,338.7 million for the 2021 Successor Period and $621.1 million for the 2021 Predecessor Period, which change was primarily driven by the impact of price increases and, to a lesser extent, volume growth. During the year ended December 31, 2022, operating income was $87.2 million compared to $20.1 million for the 2021 Successor Period and $1.8 million for the 2021 Predecessor Period, which change was primarily driven by the impact of price increases taken in 2022, partially offset by higher costs per unit from freight, fuel, and packaging materials, and higher marketing spend during 2022. ReadyRefresh

|                    | ($ in millions) | Successor |   Year Ended 
 December 31, 
         2022 |   |     |   |  Period from 
  February 3, 
 2021 through 
 December 31, 
         2021 |   |     | Predecessor