This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Revlon Reports First Quarter 2012 Results

Stocks in this article: REV

Revlon, Inc. (NYSE: REV) today announced results for the first quarter ended March 31, 2012.

First quarter 2012 results compared to first quarter 2011:

  • Net sales of $330.7 million compared to $333.2 million. Excluding the unfavorable impact of foreign currency fluctuations of $4.0 million, first quarter 2012 net sales increased $1.5 million.
  • Operating income of $44.3 million compared to $44.7 million.
  • Income before income taxes of $19.5 million compared to $18.1 million.
  • Net income of $8.5 million, or $0.16 per diluted share, compared to $10.4 million, or $0.20 per diluted share.
  • Adjusted EBITDA a of $60.0 million compared to $60.7 million.
  • Net cash used in operating activities of $20.4 million compared to net cash provided by operating activities of $24.1 million; free cash flow b was negative $23.9 million compared to positive free cash flow of $21.7 million. The first quarter of 2012 was impacted primarily by the renewal and partial prepayment of certain multi-year insurance programs; higher sales returns and allowances as expected and previously accrued for by the Company in the fourth quarter of 2011; and other changes in working capital.

Commenting on today’s announcement, Revlon President and Chief Executive Officer, Alan T. Ennis, said, “We continue to focus on driving top-line profitable growth and, in the first quarter of 2012, we grew net sales and delivered competitive margins. We remain focused on building our strong brands by launching and appropriately supporting innovative new products and we are pleased with our new product launches so far this year.”

First Quarter 2012 Results

Net sales in the first quarter of 2012 were $330.7 million compared to $333.2 million in the first quarter of 2011. Excluding unfavorable foreign currency fluctuations of $4.0 million, net sales increased $1.5 million, or 0.5% compared to the first quarter of 2011. The first quarter of 2012 benefited from higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color, and the inclusion of the net sales of SinfulColors for a full quarter. These increases were partially offset by lower net sales of Almay color cosmetics and fragrances, as well as lower net sales in Venezuela due to the June 2011 fire at the Company’s local facility. In 2011, the results of operations from the SinfulColors acquisition were included in the consolidated financial statements commencing on the date of acquisition, March 17, 2011.

1 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs