Primo Brands Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
PRMB$24.13+7.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| For the Year Ended December 31, | |||
|---|---|---|---|
| ($ in millions, except share and per share values) | 2024 | 2023 | 2022 |
| Net sales | $5,152.5 | $4,698.7 | $4,441.1 |
| Cost of sales | 3,530.9 | 3,346.7 | 3,446.9 |
| Gross profit | 1,621.6 | 1,352.0 | 994.2 |
| Selling, general and administrative expenses | 1,050.6 | 924.2 | 887.0 |
| Acquisition, integration and restructuring expenses | 204.1 | 16.9 | 83.8 |
| Other operating expense, net | 6.6 | 4.9 | 0.1 |
| Operating income | 360.3 | 406.0 | 23.3 |
| Gain on extinguishment of debt | — | — | (8.7) |
| Interest and financing expense, net | 339.6 | 288.1 | 211.8 |
| Income (loss) from continuing operations before income taxes | 20.7 | 117.9 | (179.8) |
| Provision for (benefit from) income taxes | 33.3 | 25.1 | (53.1) |
| Net (loss) income from continuing operations | (12.6) | 92.8 | (126.7) |
| Net loss from discontinued operations, net of tax | (3.8) | — | — |
| Net (loss) income | (16.4) | 92.8 | (126.7) |
| Dividend on preferred stock | — | 25.8 | 32.7 |
| Excess of redemption price over carrying value of preferred stock | — | 3.1 | 1.1 |
| Net (loss) income attributable to common stockholders | $(16.4) | $63.9 | $(160.5) |
| Net (loss) income per common share | |||
| Basic: | |||
| Continuing operations | $(0.05) | $0.29 | $(0.74) |
| Discontinued operations | $(0.02) | $— | $— |
| Net (loss) income per common share | $(0.07) | $0.29 | $(0.74) |
| Diluted: | |||
| Continuing operations | $(0.05) | $0.29 | $(0.74) |
| Discontinued operations | $(0.02) | $— | $— |
| Net (loss) income per common share | $(0.07) | $0.29 | $(0.74) |
| Weighted-average common shares outstanding (in thousands) | |||
| Basic | 242,315 | 218,338 | 218,287 |
| Diluted | 242,315 | 218,338 | 218,287 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.