Revlon Reports First Quarter 2020 Results
Revlon, Inc. New (REV)
Last revlon, inc. new earnings: 11/8 07:30 am
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US:NYSE Investor Relations:
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Source: Business Wire
Company Executed Aggressive Actions to Reduce Costs amid COVID-19, in Addition to Continuing to Generate Cost Reductions from Revlon 2020 Restructuring ProgramNew Financing Positions the Company to Emerge Stronger as Markets Reopen NEW YORK--(BUSINESS WIRE)--Revlon, Inc. (NYSE: REV) today announced its results for the quarter ended March 31, 2020.Quarter ended March 31, 2020 summary developments:1As Reported net sales were $453.0 million in the first quarter of 2020, compared to $553.2 million during the prior-year period, a decline of 18.1%. As Reported net sales include approximately $54 million of estimated negative impacts associated with COVID-19. Excluding the COVID-19 impacts, net sales on a constant currency basis declined 6.5%.As Reported operating loss increased to $186.2 million in the first quarter of 2020, compared to a $23.3 million operating loss during the prior-year period. The higher operating loss was driven primarily by $124.3 million of non-cash intangible impa
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