Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 349

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 349
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 0.03 |   |
| Discontinued operations                            |     | $                         |              1.08 |     | $ |             (0.18 | ) |     | $ |           (0.05 | ) |
| Net income (loss)                                  |     | $                         |              1.48 |     | $ |              0.18 |   |     | $ |           (0.02 | ) |

The following table summarizes anti-dilutive securities excluded from the computation of diluted net income (loss) per common share for the periods indicated:

|                         | (in thousands) | For the Fiscal Year Ended | December 30, 2023 |     |     | December 31, 2022 |     |     | January 1, 2022 |
|:------------------------|:---------------|:--------------------------|------------------:|:----|:----|------------------:|:----|:----|----------------:|
| Stock options           |                |                           |             2,138 |     |     |             2,838 |     |     |           4,855 |
| Performance-based RSUs1 |                |                           |             1,469 |     |     |               979 |     |     |           1,524 |
| Time-based RSUs2        |                |                           |                 — |     |     |                 — |     |     |             885 |

| 1 | Performance-based RSUs represent the number of shares expected to be issued based on the estimated achievement 
 of the performance metric for these awards.                                                                    |

| 2 | Time-based RSUs represent the number of shares expected to be issued based on known employee retention 
 information.                                                                                           |

Note 10—Segment Reporting Our broad portfolio of products includes bottled water, water dispensers, purified bottled water, self-service refill drinking water, filtration units, premium spring, sparkling and flavored essence water, mineral water, and coffee. During the fourth quarter of 2023, we reviewed and realigned our reporting segments to exclude the businesses within discontinued operations. Our sole reporting segment is North America, which includes our DSS, Aquaterra, Mountain Valley, and Legacy Primo businesses. The Other category includes our corporate oversight function, other miscellaneous expenses, and the results of our business in Russia prior to the exit of the business during the third quarter of 2022. F-99

Segment reporting results have been recast to reflect these changes