Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 205

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 205
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%$257.65.8%Cost of sales3,346.7 71.2%3,446.9 77.6%(100.2)(2.9)%Gross profit1,352.0 28.8%994.2 22.4%357.836.0%Selling, general and administrative expenses924.2 19.7%887.0 20.0%37.24.2%Acquisition, integration and restructuring expenses16.9 0.4%83.8 1.9%(66.9)(79.8)%Other operating expense, net4.9 0.1%0.1 —%4.84825.2%Operating income406.0 8.6%23.3 0.5%382.71643.3%Gain on extinguishment of debt— —%(8.7)(0.2)%8.7(100.0)%Interest and financing expense, net288.1 6.1%211.8 4.8%76.336.0%Income (loss) from continuing operations before income taxes117.9 2.5%(179.8)(4.0)%297.7*Provision for (benefit from) income taxes25.1 0.5%(53.1)(1.2)%78.2*Net income (loss) from continuing operations$92.8 2.0%$(126.7)(2.9)%$219.5*

*Not meaningful

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

For the Years Ended December 31,($ in millions)2023% of Net Sales2022% of Net Sales$ Variance% ChangeRegional spring water$3,146.1 67.0 %$3,036.3 68.4 %$109.8 3.6 %Purified water1,133.6 24.1 %1,000.6 22.5 %133.0 13.3 %Premium water46.7 1.0 %27.3 0.6 %19.4 71.1 %Other water108.4 2.3 %125.8 2.8 %(17.4)(13.8)%Other263.9 5.6 %251.1 5.