Primo Brands Corporation (PRMB)

Primo Brands Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	4,841	4,699	4,441	3,357
Revenue Growth (YoY)	9.01%	5.80%	32.31%	-
Cost of Revenue	3,336	3,347	3,447	2,662
Gross Profit	1,506	1,352	994.2	694.69
Selling, General & Admin	929.6	924.2	887	655.96
Other Operating Expenses	15.3	4.9	0.1	-2.51
Operating Expenses	944.9	929.1	887.1	653.45
Operating Income	560.8	422.9	107.1	41.24
Interest Expense	-327.2	-288.1	-211.8	-136.69
EBT Excluding Unusual Items	233.6	134.8	-104.7	-95.45
Merger & Restructuring Charges	-30.9	-16.9	-83.8	-124.69
Other Unusual Items	-	-	8.7	-
Pretax Income	202.7	117.9	-179.8	-220.15
Income Tax Expense	49.3	25.1	-53.1	-44.95
Net Income	153.4	92.8	-126.7	-175.2
Preferred Dividends & Other Adjustments	8.5	28.9	33.8	26.51
Net Income to Common	144.9	63.9	-160.5	-201.71
Shares Outstanding (Basic)	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1
Shares Change (YoY)	0.14%	0.02%	-	-
EPS (Basic)	140.65	62.10	-156.01	-196.06
EPS (Diluted)	140.65	62.10	-156.01	-196.06
Free Cash Flow	353.7	117.3	-150.1	-27.27
Free Cash Flow Per Share	343.33	113.99	-145.90	-26.51
Gross Margin	31.10%	28.77%	22.39%	20.70%
Operating Margin	11.58%	9.00%	2.41%	1.23%
Profit Margin	2.99%	1.36%	-3.61%	-6.01%
Free Cash Flow Margin	7.31%	2.50%	-3.38%	-0.81%
EBITDA	871.2	728.6	433.3	461.67
EBITDA Margin	18.00%	15.51%	9.76%	13.75%
D&A For EBITDA	310.4	305.7	326.2	420.44
EBIT	560.8	422.9	107.1	41.24
EBIT Margin	11.58%	9.00%	2.41%	1.23%
Effective Tax Rate	24.32%	21.29%	-	-

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