Primo Brands Corporation (PRMB)

Primo Brands Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	5,153	4,699	4,441	3,357
Revenue Growth (YoY)	9.66%	5.80%	32.31%	-
Cost of Revenue	3,531	3,347	3,447	2,662
Gross Profit	1,622	1,352	994.2	694.69
Selling, General & Admin	1,051	924.2	887	655.96
Other Operating Expenses	6.6	4.9	0.1	-2.51
Operating Expenses	1,057	929.1	887.1	653.45
Operating Income	564.4	422.9	107.1	41.24
Interest Expense	-339.6	-288.1	-211.8	-136.69
EBT Excluding Unusual Items	224.8	134.8	-104.7	-95.45
Merger & Restructuring Charges	-204.1	-16.9	-83.8	-124.69
Other Unusual Items	-	-	8.7	-
Pretax Income	20.7	117.9	-179.8	-220.15
Income Tax Expense	33.3	25.1	-53.1	-44.95
Earnings From Continuing Operations	-12.6	92.8	-126.7	-175.2
Earnings From Discontinued Operations	-3.8	-	-	-
Net Income	-16.4	92.8	-126.7	-175.2
Preferred Dividends & Other Adjustments	-	28.9	33.8	26.51
Net Income to Common	-16.4	63.9	-160.5	-201.71
Shares Outstanding (Basic)	242	218	218	1
Shares Outstanding (Diluted)	242	218	218	1
Shares Change (YoY)	10.98%	0.02%	21117.57%	-
EPS (Basic)	-0.07	0.29	-0.74	-196.06
EPS (Diluted)	-0.07	0.29	-0.74	-196.06
Free Cash Flow	317	117.3	-150.2	-27.27
Free Cash Flow Per Share	1.31	0.54	-0.69	-26.51
Dividend Per Share	0.090	-	-	-
Gross Margin	31.47%	28.77%	22.39%	20.70%
Operating Margin	10.95%	9.00%	2.41%	1.23%
Profit Margin	-0.32%	1.36%	-3.61%	-6.01%
Free Cash Flow Margin	6.15%	2.50%	-3.38%	-0.81%
EBITDA	897.7	728.6	433.3	461.67
EBITDA Margin	17.42%	15.51%	9.76%	13.75%
D&A For EBITDA	333.3	305.7	326.2	420.44
EBIT	564.4	422.9	107.1	41.24
EBIT Margin	10.95%	9.00%	2.41%	1.23%
Effective Tax Rate	160.87%	21.29%	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.