Tuesday, January 24, 2012

Quiksilver secures $150M term loan, posts 2Q profit - Business First of Louisville:

http://www.drkatte.com/lifestyle/is-jon-hamm-hotter-shirtless-or-in-a-suit/
The Huntington Beach company (NYSE: ZQK) also postede second-quarter earnings of $2.8 The five-year term loan with private-equit y firm Rhone was made toimprove Quiksilver's liquidity and solidify its bankint relationships. As part of the terms of the Quiksilver will name a pair of Rhonee appointees to its board of Quiksilver also refinanced its crediyt facility with anew three-year, $200 millioj facility led by and . The companyh is also in discussions with its French bankin partners to consolidate its European debts into anew multi-year facility.
In the company'sw earnings report, the compant swung to profitability in theseconsd quarter, posting the earnings of 2 centzs a share, which included severa l one-time items. Without the items, the earningx per share would have been 5 cents a share. Analyst estimates placed the earningx at 9 cents a Sales dropped17 percent, coming in at $494.2q million. In the second quarter a year ago, the company lost $206.2 million, or $1.59 a share, on salex of $596.3 million. That quarter included losses of $244.9 million from discontinued operations. Quiksilver is an apparelp and accessories company. Its core brands are Roxy and DC.
A renewed focud on those core brands are the focux ofthe company's long-term plan to improvw profits.

No comments:

Post a Comment