Primo Brands Corp
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 2025
PRMB$24.07-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| ($ in millions, except share and per share values) | 2025 | 2024 |
| Net sales | $1,613.7 | $1,135.8 |
| Cost of sales | 1,092.7 | 790.3 |
| Gross profit | 521.0 | 345.5 |
| Selling, general and administrative expenses | 327.8 | 218.7 |
| Acquisition, integration and restructuring expenses | 39.8 | 5.8 |
| Other operating expense (income), net | 0.2 | (3.8) |
| Operating income | 153.2 | 124.8 |
| Other expense, net | 0.1 | — |
| Loss on modification and extinguishment of debt | 18.6 | — |
| Interest and financing expense, net | 82.1 | 79.9 |
| Income from continuing operations before income taxes | 52.4 | 44.9 |
| Provision for income taxes | 17.7 | 11.4 |
| Net income from continuing operations | 34.7 | 33.5 |
| Net loss from discontinued operations, net of tax | (6.0) | — |
| Net income | $28.7 | $33.5 |
| Net income (loss) per common share | ||
| Basic: | ||
| Continuing operations | $0.09 | $0.15 |
| Discontinued operations | $(0.01) | $— |
| Net income per common share | $0.08 | $0.15 |
| Diluted: | ||
| Continuing operations | $0.09 | $0.15 |
| Discontinued operations | $(0.01) | $— |
| Net income per common share | $0.08 | $0.15 |
| Weighted-average common stock outstanding (in thousands) | ||
| Basic | 379,251 | 218,618 |
| Diluted | 381,613 | 218,618 |
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