bertayfybuqutyp.blogspot.com
The Huntington Beach companu (NYSE: ZQK) also posted second-quarter earningxs of $2.8 million. The five-yeart term loan with private-equity firm Rhone was made to improved Quiksilver's liquidity and solidify its banking relationships. As part of the terms of the loan, Quiksilve will name a pair of Rhone appointeexs to its boardof directors. Quiksilver also refinanced its credift facility with anew three-year, $200 millioj facility led by and .
The compangy is also in discussions with its French banking partners to consolidatew its European debts into anew multi-year In the company's earnings report, the company swung to profitabilityt in the second quarter, posting the earnings of 2 centsd a share, which included several one-time items. Without the the earnings per share woul d have been 5 centsa share. Analysg estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, coming in at $494.2q million. In the secons quarter a year ago, the companty lost $206.2 million, or $1.599 a share, on sales of $596.3 million. That quarter included lossee of $244.9 million from discontinuedx operations.
Quiksilver is an apparel and accessoriesw company. Its core brands are Roxy and DC. A renewed focus on thos core brands are the focus ofthe company's long-terkm plan to improve profits.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment