Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 33

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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1,749.7)(1,513.7)Accumulated other comprehensive loss(2.0)(17.2)Total stockholders' equity3,246.23,444.2Total liabilities and stockholders' equity$11,049.2$11,194.5The 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 June 30,Six Months Ended June 30,($ in millions, except share and per share values)2025202420252024Net sales$1,730.1$1,314.4$3,343.8$2,450.2Cost of sales1,189.2884.62,281.91,674.9Gross profit540.9429.81,061.9775.3Selling, general and administrative expenses378.6256.3706.4475.0Acquisition, integration and restructuring expenses49.713.289.519.0Other operating (income) expense, net(0.2)1.3—(2.5)Operating income112.8159.0266.0283.8Other income, net(15.9)— (15.8)— Loss on modification and extinguishment of debt——18.6—Interest and financing expense, net81.986.2164.0166.1Income from continuing operations before income taxes46.872.899.2117.7Provision for income taxes16.318.334.029.7Net income from continuing operations30.554.565.288.0Net loss from discontinued operations, net of tax(2.9)—(8.9)—Net income$27.6$54.5$56.3$88.0Net income (loss) per common shareBasic:Continuing operations$0.08 $0.25$0.17 $0.40Discontinued operations$(0.01)$—$(0.02)$—Net income per common share$0.07 $0.25$0.15 $0.40Diluted:Continuing operations$0.08 $0.25$0.17 $0.40Discontinued operations$(0.01)$—$(0.02)$—Net income per common share$0.07