Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 201

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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 %71.8 5.5 %(4.9)(6.8)%Provision for income taxes26.4 1.5 %18.5 1.4 %7.942.7 %Net income from continuing operations$40.5 2.3 %$53.3 4.1 %$(12.8)(24.0)%

The following table sets forth our consolidated Net sales by water type:

Three Months Ended September 30,($ in millions)20252024$ Variance% ChangeRegional spring water$885.6 $848.9 $36.7 4.3 %Purified water557.5 330.9 226.6 68.5 %Premium water98.2 18.5 79.7 430.8 %Other water33.0 38.2 (5.2)(13.6)%Other191.8 68.6 123.2 179.6 %Total Net sales$1,766.1 $1,305.1 $461.0 35.3 %

Net Sales

During the three months ended September 30, 2025, net sales were $1,766.1 million, an increase of $461.0 million, or 35.3%, as compared to the three months ended September 30, 2024, primarily related to $462.6 million of net sales attributable to Primo Water as a result of the Transaction and to a lesser extent, $19.0 million attributable to BlueTriton Brands due primarily to increased volumes, partially offset by $23.2 million in volumes attributable to nonrecurring sales from 2024 as a result of the sale of the production facility in Ontario, Canada that was completed during the first quarter of 2025.

Cost of Sales

Cost of sales consists primarily of manufacturing, shipping and logistics, storage and handling, personnel costs and allocated facilities and overhead costs associated with products sold. Manufacturing costs consist primarily of raw materials, packaging costs and labor and utilities to convert raw materials into finished products.

During the three months ended September 30, 2025, cost of sales was $1,237.9 million, an increase of $349.0 million, or 39.3%, as compared to the three months ended September 30, 2024. The increase in costs is primarily driven by $348