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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	4,789	4,699	4,441	3,357
Revenue Growth (YoY)	42.67%	5.80%	32.31%	-
Cost of Revenue	3,321	3,347	3,447	2,662
Gross Profit	1,468	1,352	994.2	694.69
Selling, General & Admin	920.7	924.2	887	655.96
Other Operating Expenses	-5.1	4.9	0.1	-2.51
Operating Expenses	915.6	929.1	887.1	653.45
Operating Income	552	422.9	107.1	41.24
Interest Expense	-317.3	-288.1	-211.8	-136.69
EBT Excluding Unusual Items	234.7	134.8	-104.7	-95.45
Merger & Restructuring Charges	-24.9	-16.9	-83.8	-124.69
Other Unusual Items	-	-	8.7	-
Pretax Income	209.8	117.9	-179.8	-220.15
Income Tax Expense	52.2	25.1	-53.1	-44.95
Net Income	157.6	92.8	-126.7	-175.2
Preferred Dividends & Other Adjustments	15.7	28.9	33.8	26.51
Net Income to Common	141.9	63.9	-160.5	-201.71
Shares Outstanding (Basic)	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1
Shares Change (YoY)	0.10%	0.02%	-	-
EPS (Basic)	137.79	62.10	-156.01	-196.06
EPS (Diluted)	137.79	62.10	-156.01	-196.06
Free Cash Flow	197.5	117.3	-150.1	-27.27
Free Cash Flow Per Share	191.78	113.99	-145.90	-26.51
Gross Margin	30.65%	28.77%	22.39%	20.70%
Operating Margin	11.53%	9.00%	2.41%	1.23%
Profit Margin	2.96%	1.36%	-3.61%	-6.01%
Free Cash Flow Margin	4.12%	2.50%	-3.38%	-0.81%
EBITDA	866.8	728.6	433.3	461.67
EBITDA Margin	18.10%	15.51%	9.76%	13.75%
D&A For EBITDA	314.8	305.7	326.2	420.44
EBIT	552	422.9	107.1	41.24
EBIT Margin	11.53%	9.00%	2.41%	1.23%
Effective Tax Rate	24.88%	21.29%	-	-

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