Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 69

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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6 Purified water557.5 330.9 1,617.5 935.4 Premium water98.2 18.5 259.6 50.6 Other water33.0 38.2 103.0 108.3 Other191.8 68.6 575.0 195.4 Total net sales$1,766.1 $1,305.1 $5,109.9 $3,755.3 Contract BalancesThe Company does not have any material contract assets or liabilities as of September 30, 2025 and December 31, 2024.

NOTE 12—ACQUISITION, INTEGRATION AND RESTRUCTURING EXPENSES

Transaction costs include those associated with the Transaction, including subsequent costs directly related to its consummation. Other acquisition expenses include costs associated with our acquisitions, as well as costs incurred on potential acquisitions. Integration and restructuring expenses mainly include costs incurred to achieve post-Transaction synergies, information technology implementation costs, and costs incurred on business optimization, among others. In connection with the closing of the Transaction, the Board authorized a series of cost cutting measures which are expected to continue through 2026. These restructuring costs are expected to result in a range of approximately $75.0 million to $100.0 

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million of aggregate charges, which are anticipated to include $47.0 million to $55.0 million of one-time cash termination benefits as well as costs associated with the decommissioning of facilities and the early termination of leases. The following table summarizes the components of Acquisition, integration and restructuring expenses on the Condensed Consolidated Statements of Operations:Three Months Ended September 30,Nine Months Ended September 30,($ in millions)2025202420252024Transaction costs$—$7.7$6.2$26.7Other acquisition expenses1.0—5.4—Other integration expenses35.41.697.71.6Total acquisition and integration expenses36.49.3109.328.3Non-cash exit and disposal charges 13.1—6.0—Facility closure expense 13.1—15.7—Employee severance and termination related benefits1.60.72.70.7Total restructuring expenses7.80.724.40.7Total acquisition, integration and restructuring expenses$44.2$10.0$133.7$29