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The Huntington Beach companyg (NYSE: ZQK) also posted second-quarter earningz of $2.8 million. The five-year term loan with private-equitu firm Rhone was made to improve Quiksilver's liquiditg and solidify its banking relationships. As part of the termxs of the loan, Quiksilver will name a pair of Rhone appointees to its board of Quiksilver also refinanced its credit facility with anew three-year, $200 milliom facility led by and . The company is also in discussions with its Frenchj banking partners to consolidate its European debts into anew multi-year facility.
In the company's earnings report, the company swungt to profitability in thesecond quarter, posting the earninges of 2 cents a share, which included severap one-time items. Without the the earnings per share would have been 5 centsa share. Analys t estimates placed the earnings at 9 cents a Sales dropped 17 coming inat $494.2 million. In the seconds quarter a year ago, the company lost $206.2 or $1.59 a share, on sales of $596.4 million. That quarter included losse s of $244.9 million from discontinued Quiksilver is an apparelp andaccessories company. Its core brands are Roxy and DC.
A renewed focus on those core brands are the focusx ofthe company's long-term plan to improve
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