Revlon fourth-quarter net earnings reach $3.3 mil.; firm seeks to net $140 mil. in IPO.
This article was originally published in The Rose Sheet
Executive Summary
REVLON FOURTH QUARTER NET EARNINGS OF $3.3 MIL. put the company in the black for the second consecutive quarter. Revlon began to turn around in the third quarter, registering net income of $3 mil. The fourth quarter earnings compare with a loss of $4.4 mil. in the prior-year period. Revlon's year-end results were disclosed in an amended prospectus for the company's initial public offering, filed with the Securities and Exchange Commission Feb. 5.