Revlon Q2 sales up 4.7%

NEW YORK — Revlon on Wednesday announced its results for the second quarter, which ended June 30.

“This quarter was strong, with adjusted net sales growth of 4.7% and adjusted EBITDA growth of 6.5%, measured on an XFX basis and adjusted for comparability,” Lorenzo Delpani, Revlon president and CEO, said.  

Total net sales were $482.4 million in the second quarter of 2015, as opposed to $497.9 million in the second quarter of 2014. Total company EBITDA amounted to $85.9 million in the second quarter of 2015, and $88.6 million in the second quarter of 2014.

During the second quarter, Revlon completed its acquisition of the CBBeauty Group and closed its operations in Venezuela, while transitioning to a distributor model, the company said.

Reported net income was $26 million in the second quarter of 2015, and $18.1 million in the second quarter of 2014. Adjusted net income saw a 33% increase, with $29 million in the second quarter of 2015 and $21.8 million in the second quarter of 2014.

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