Segment Reporting

3 Months Ended

Apr. 01, 2023

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Our broad portfolio of products includes bottled water, water dispensers, self-service refill drinking water, filtration units, premium spring, sparkling and flavored essence water, mineral water, and coffee.

During the second quarter of 2022, we reviewed and realigned our reporting segments to reflect how the business will be managed and results will be evaluated. Following such review, certain of our businesses previously included in the Rest of World segment (now renamed "Europe") were realigned between the Europe reporting segment and the Other category. Our two reporting segments are as follows: North America (which includes our DSS, Aquaterra, Mountain Valley and Legacy Primo businesses) and Europe (which includes our Eden Europe, Decantae and Fonthill businesses). The Other category includes our Eden Israel, Aimia and Farrers businesses, as well as our corporate oversight function and other miscellaneous expenses. Segment reporting results have been recast to reflect these changes for all periods presented.

(in millions of U.S. dollars)	North America		Europe		Other		Total
For the Three Months Ended April 1, 2023
Revenue, net	$	412.3	$	69.4	$	64.8	$	546.5
Depreciation and amortization	46.8		9.6		6.0		62.4
Operating income (loss)	34.7		2.9		(16.1)		21.5
Additions to property, plant and equipment	42.1		6.5		5.1		53.7

(in millions of U.S. dollars)	North America		Europe		Other		Total
For the Three Months Ended April 2, 2022
Revenue, net	$	397.1	$	64.3	$	64.7	$	526.1
Depreciation and amortization	45.3		9.8		6.1		61.2
Operating income (loss)	28.3		(3.6)		(9.4)		15.3
Additions to property, plant and equipment	26.6		6.2		5.8		38.6

Revenues by channel by reporting segment were as follows:

	For the Three Months Ended April 1, 2023
(in millions of U.S. dollars)	North America		Europe		Other		Total
Revenue, net
Water Direct/Water Exchange	$	312.4	$	53.0	$	10.4	$	375.8
Water Refill/Water Filtration	52.2		8.8		0.6		61.6
Other Water	11.3		0.2		15.7		27.2
Water Dispensers	12.7		0.1		—		12.8
Other	23.7		7.3		38.1		69.1
Total	$	412.3	$	69.4	$	64.8	$	546.5

	For the Three Months Ended April 2, 2022
(in millions of U.S. dollars)	North America		Europe		Other		Total
Revenue, net
Water Direct/Water Exchange	$	278.3	$	48.2	$	10.8	$	337.3
Water Refill/Water Filtration	42.2		8.2		0.5		50.9
Other Water	34.0		0.4		16.0		50.4
Water Dispensers	14.2		—		—		14.2
Other	28.4		7.5		37.4		73.3
Total	$	397.1	$	64.3	$	64.7	$	526.1