Primo Brands Corp
For the period ended Sep 30, 2024. Filed Dec 17, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Dec 17, 2024
PRMB$24.13+7.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in millions of U.S. dollars, except share and per share amounts)
| For the Three Months Ended | For the Nine Months Ended | |||
|---|---|---|---|---|
| September 28, 2024 | September 30, 2023 | September 28, 2024 | September 30, 2023 | |
| Revenue, net | $ 511.4 | $ 470.0 | $ 1,448.4 | $ 1,333.1 |
| Cost of sales | 180.6 | 166.7 | 508.3 | 480.0 |
| Gross profit | 330.8 | 303.3 | 940.1 | 853.1 |
| Selling, general and administrative expenses | 262.3 | 244.8 | 776.1 | 726.0 |
| Loss on disposal of property, plant and equipment, net | 1.3 | 1.6 | 4.1 | 3.8 |
| Acquisition and integration expenses | 8.2 | 2.4 | 26.6 | 6.0 |
| Gain on sale of property | — | (5.3) | (0.5) | (5.3) |
| Operating income | 59.0 | 59.8 | 133.8 | 122.6 |
| Other expense (income), net | 1.1 | (4.0) | 1.2 | (3.7) |
| Interest expense, net | 5.8 | 17.8 | 25.0 | 54.8 |
| Income from continuing operations before income taxes | 52.1 | 46.0 | 107.6 | 71.5 |
| Income tax expense | 13.9 | 12.3 | 37.4 | 21.0 |
| Net income from continuing operations | $ 38.2 | $ 33.7 | $ 70.2 | $ 50.5 |
| Net income (loss) from discontinued operations, net of income taxes (Note 2) | 0.4 | (0.3) | 9.4 | 10.0 |
| Net income | $ 38.6 | $ 33.4 | $ 79.6 | $ 60.5 |
| Net income per common share | ||||
| Basic: | ||||
| Continuing operations | $ 0.24 | $ 0.21 | $ 0.44 | $ 0.32 |
| Discontinued operations | $ — | $ — | $ 0.06 | $ 0.06 |
| Net income | $ 0.24 | $ 0.21 | $ 0.50 | $ 0.38 |
| Diluted: | ||||
| Continuing operations | $ 0.24 | $ 0.21 | $ 0.43 | $ 0.32 |
| Discontinued operations | $ — | $ — | $ 0.06 | $ 0.06 |
| Net income | $ 0.24 | $ 0.21 | $ 0.49 | $ 0.38 |
| Weighted-average common shares outstanding (in thousands) | ||||
| Basic | 160,363 | 159,407 | 160,016 | 159,446 |
| Diluted | 162,062 | 160,042 | 161,577 | 160,236 |
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