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Revlon Q2 profit climbs 27.5% YOY


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Revlon Q2 profit climbs 27.5% YOY

Revlon Inc. said its normalized net income for the second quarter was 57 cents per share, a gain of 27.0% from 45 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $30.1 million, an increase of 27.5% from $23.6 million in the year-earlier period.

The normalized profit margin climbed to 6.2% from 4.7% in the year-earlier period.

Total revenue declined on an annual basis to $482.4 million from $497.9 million, and total operating expenses decreased from the prior-year period to $420.0 million from $430.5 million.

Reported net income rose 82.3% year over year to $25.8 million, or 49 cents per share, from $14.1 million, or 27 cents per share.