Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 73

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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. Segment capital expenditures are reported in the Condensed Consolidated Statements of Cash Flows as purchases of plant, property and equipment and purchases of intangible assets.The CODM uses Net income from continuing operations to evaluate income generated from segment assets in deciding whether to reinvest profits into the segment or into other parts of the Company, such as for acquisitions or to pay dividends.Net income from continuing operations is used to monitor budget versus actual results. The CODM also uses the Company's performance in competitive analysis by benchmarking to Primo Brands' competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation. The Company has one reportable segment. The segment sources, bottles and delivers water to customers in North America and manages the business activities on a consolidated basis. The Company does not assess the performance of its individual products on measures of profit or loss, or asset based metrics. Net sales by water type can be found in Note 11 - "Revenue Recognition".The Company's Chief Executive Officer is the CODM. 

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Business segment information is presented below:Three Months Ended June 30,Six Months Ended June 30,($ in millions)2025202420252024Net sales$1,730.1$1,314.4$3,343.8$2,450.2Less:Cost of sales, adjusted 11,059.6822.32,061.91,550.2Marketing expense72.461.9116.7101.4Selling expense, adjusted 1117.285.9223.1161.8General and administrative expense, adjusted 1114.386.2233.9161.1Other segment expense 292.624.8152.542.4Depreciation and amortization145.374.3273.9149.5Interest and financing expense, net81.986.2164.0166.1Loss on modification and extinguishment of debt——18.6—Income taxes16.318.334.029.7Segment net income from continuing operations$30.5$54.5$65.2$88.0______________________1    The financial statement line items as presented in this table exclude depreciation and amortization and certain non-recurring income or charges.2    Other segment expenses include acquisition, integration and restructuring costs (as disclosed in Note 12 - Acquisition, Integration and Restructuring Expenses) and other non-recurring