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Revlon Q4 profit climbs 59.7% YOY

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Revlon Q4 profit climbs 59.7% YOY

Revlon Inc. said its normalized net income for the fourth quarter was 96 cents per share, a gain of 59.5% from 60 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $50.5 million, an increase of 59.7% from $31.6 million in the year-earlier period.

The normalized profit margin climbed to 9.6% from 6.3% in the year-earlier period.

Total revenue climbed year over year to $521.9 million from $501.0 million, and total operating expenses fell year over year to $410.0 million from $420.4 million.

Reported net income rose on an annual basis to $26.3 million, or 50 cents per share, from $2.6 million, or 4 cents per share.

For the year, the company's normalized net income totaled $2.09 per share, an increase of 16.4% from $1.80 per share in the prior year.

Normalized net income was $110.1 million, a rise of 16.8% from $94.3 million in the prior year.

Full-year total revenue fell year over year to $1.91 billion from $1.94 billion, and total operating expenses decreased year over year to $1.63 billion from $1.67 billion.

The company said reported net income increased 49.2% year over year to $59.4 million, or $1.13 per share, in the full year, from $39.8 million, or 76 cents per share.