Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 200

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 200
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0200.829.0Stock-based compensation costs11.90.336.80.9Unrealized loss on foreign exchange and commodity forwards, net1.78.81.76.1Loss on disposal of property, plant and equipment, net5.02.18.43.8Loss on modification and extinguishment of debt——18.6—Management fees—4.5—18.6Purchase accounting adjustments——1.2—Other adjustments, net(15.4)3.1(5.0)12.8Adjusted EBITDA$404.5$264.1$1,112.7$739.8

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1 Amounts include labor related costs.

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Table of Contents

Three Months Ended September 30, 2025 Compared to the Three Months Ended September 30, 2024

Consolidated Results

The following table sets forth our consolidated statements of operations data for the periods indicated:

Three Months Ended September 30,($ in millions)2025% of Net Sales2024% of Net Sales$ Variance% ChangeNet sales$1,766.1 100.0 %$1,305.1 100.0 %$461.035.3 %Cost of sales1,237.9 70.1 %888.9 68.1 %349.039.3 %Gross profit528.2 29.9 %416.2 31.9 %112.026.9 %Selling, general and administrative expenses343.0 19.4 %239.7 18.4 %103.343.1 %Acquisition, integration and restructuring expenses44.2 2.5 %10.0 0.8 %34.2342.0 %Other operating (income) expense, net(5.4)(0.3)%9.0 0.7 %(14.4)(160.0)%Operating income146.4 8.3 %157.5 12.1 %(11.1)(7.0)%Other income, net(3.6)(0.2)%— — %(3.6)100%Interest and financing expense, net83.1 4.7 %85.7 6.6 %(2.6)(3.0)%Income from continuing operations before income taxes66.9 3.8