07.31.12
Revlon, Inc. posted results for the second quarter ended June 30, 2012. Net sales increased 1.7% to $357.1 million. Operating income of $42.8 million, which included a net charge of $6.7 million related to estimated costs of resolving previously disclosed pending litigation related to the company’s 2009 exchange offer, compared to $47.8 million.
Commenting on the quarter, Revlon President and Chief Executive Officer Alan T. Ennis said, “In the second quarter of 2012, we delivered top line growth of 4.2% and maintained competitive operating margins. From a marketplace perspective, we introduced successful, innovative, high-quality, consumer-preferred products into the marketplace, and, earlier this month, added the Pure Ice brand to our portfolio. We remain focused on delivering on our strategic objective of profitably growing our business.”