Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 66

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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.1)(0.1)Net current-period OCI—1.8(0.1)1.7Balance as of September 30, 2024$—$(13.2)$2.0$(11.2)Balance as of December 31, 2023$—$(9.9)$2.4$(7.5)OCI before reclassifications—(3.3)—(3.3)Amounts reclassified from AOCI——(0.4)(0.4)Net current-period OCI—(3.3)(0.4)(3.7)Balance as of September 30, 2024$—$(13.2)$2.0$(11.2)¹ All amounts are net of tax. Amounts in parentheses indicate debits.

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Table of Contents

($ in millions)For the Three Months EndedFor the Nine Months EndedAffected Line Item in the Statement Where Net Income Is PresentedDetails of AOCI ComponentsSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024Gains and losses on derivative instrumentsForeign exchange contracts¹$(1.6)$—$(5.1)$—Other income, netCumulative translation adjustment——(1.0)—Net loss from discontinued operations, net of tax$(1.6)$—$(6.1)$—Net of taxAmortization of pension benefit plan itemsRecognized actuarial gains20.20.10.60.4Interest and financing expense, net$0.2$0.1$0.6$0.4Net of taxTotal reclassification for the period$(1.4)$0.1$(5.5)$0.4______________________1    Amount is net of tax impact of $0.6 million and $1.8 million, respectively, for the three and nine months ended September 30, 2025 which is recorded within Provision for income taxes on the Condensed Consolidated Statements of Operations.2    Tax impact of this income for all periods was immaterial.

NOTE 9—INCOME TAXES

Income tax expense was $26.4 million on pre-tax income of $66.9 million for the three months ended September 30, 2025, as compared to income tax expense of $18.5 million on pre-tax income of $71.8 million in the comparable prior year period. The effective income tax rate for the three