In Canada, net sales in the second quarter of 2012 were $20.7 million, an increase of $1.2 million, or 6.2%, compared to $19.5 million in the same period last year. Excluding the unfavorable impact of foreign currency fluctuations, net sales increased $2.1 million, or 10.8%, primarily due to higher net sales of Revlon and Almay color cosmetics.Operating income in the second quarter of 2012 was $42.8 million, compared to $47.8 million in the same period last year. Adjusted EBITDA in the second quarter of 2012 was $58.7 million compared to $63.3 million in the same period last year. Operating income and Adjusted EBITDA in the second quarter of 2012 as compared to the same period in 2011 were negatively impacted by: (1) a net charge of $6.7 million with respect to estimated costs of resolving previously disclosed pending litigation related to the Company’s 2009 exchange offer; and (2) higher incentive compensation primarily due to the timing of expense, within 2012, as compared to the same period last year. Favorable foreign currency fluctuations within SG&A, as compared to the same period last year, partially offset the year over year increases.
Revlon Reports Second Quarter 2012 Results
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