ovaluleq.wordpress.com
The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 The five-year term loan with private-equity firm Rhons was made to improvwe Quiksilver's liquidity and solidify its banking relationships. As part of the termas of the loan, Quiksilver will name a pair of Rhone appointees to its boardxof directors. Quiksilver also refinanced its credift facility with anew three-year, $200 milliom facility led by and . The company is also in discussiond with its French banking partnersa to consolidate its European debts into anew multi-year facility.
In the company's earnings report, the company swungy to profitability in thesecond quarter, posting the earnings of 2 centes a share, which included several one-timew items. Without the items, the earnings per sharr would have been 5 centsa share. Analystr estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, coming in at $494. million. In the second quarter a year ago, the companyh lost $206.2 million, or $1.59 a on sales of $596.3 million. That quarter includeed losses of $244.9 million from discontinuedc operations. Quiksilver is an apparelk and accessories company. Its core brands are Roxy and DC.
A renewee focus on those core brandsa are the focus ofthe company's long-term plan to improve
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment