Revlon shows fall in net profits in Q3

By

Barbara Santamaria

Published
Nov 4, 2015

Revlon, the American skincare, cosmetics and fragrance company on Wednesday posted its third quarter results. Although Revlon saw net sales fall to $471.5 million in 2015 from $472.3 million in the third quarter of 2014, its adjusted net sales were $471.5 million, up from $471.4 million in the prior year period. Adjusting the impact of foreign currency, net sales increased 6.8% in the three months ending in September.

Ebitda was $81 million, compared to $79.8 million in the prior year period, while adjusted Ebitda reached $87.6 million in the third quarter of 2015, 2.6% up from $85.4 million in the previous year.

Revlon’s net profits dropped to $6.2 million in the third quarter of 2015 from $14.6 million last year. Adjusted net profits were $10.8 million in the three months ending September, falling 30.8% from $15.6 million in the third quarter of 2014 driven by a $15.4 million increase in the provision for income taxes.

Revlon’s US sales grew 4.6% to $255 million in the third quarter of 2015, compared to $243.8 million in the same period last year.

Total international sales accounted for $216.5 million, down from $228.5 million in the third quarter of 2014.

In the first nine months of 2015, Revlon recorded net sales of $1,392.4 million, compared to $1,440.0 million in the first nine months of 2014. Total EBITDA was $237.7 million, up from to $236.0 million in the first three quarters of 2014.