Company: PRMB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0002042694-25-000007
Chunk: 1

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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1,637.4)(1,513.7)Accumulated other comprehensive loss(12.7)(17.2)Total stockholders' equity3,333.13,444.2Total liabilities and stockholders' equity$10,982.0$11,194.5

The accompanying notes are an integral part of these condensed consolidated financial statements

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Table of Contents

PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Unaudited

Three Months Ended March 31,($ in millions, except share and per share values)20252024Net sales$1,613.7$1,135.8Cost of sales1,092.7790.3Gross profit521.0345.5Selling, general and administrative expenses327.8218.7Acquisition, integration and restructuring expenses39.85.8Other operating expense (income), net0.2(3.8)Operating income153.2124.8Other expense, net0.1 — Loss on modification and extinguishment of debt18.6—Interest and financing expense, net82.179.9Income from continuing operations before income taxes52.444.9Provision for income taxes17.711.4Net income from continuing operations34.733.5Net loss from discontinued operations, net of tax(6.0)—Net income$28.7$33.5Net income (loss) per common shareBasic:Continuing operations$0.09 $0.15Discontinued operations$(0.01)$—Net income per common share$0.08 $0.15Diluted:Continuing operations$0.09 $0.15Discontinued operations$(0.01)$—Net income per common share$0.08 $0.15Weighted-average common stock outstanding (in thousands)Basic379,251 218,618 Diluted381,613 218,618 

The accompanying notes are an integral part of these condensed consolidated financial statements

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Table of Contents

PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Unaudited

Three Months Ended March 31,($ in millions)20252024Net income$28.7$33.5Other comprehensive income (loss), net of tax:Net change in foreign currency translation adjustments2.7(3.4)Net unrealized actuarial