ovaluleq.wordpress.com
The Huntington Beach company (NYSE: ZQK) also postes second-quarter earnings of $2.8 million. The five-yea r term loan with private-equity firm Rhone was made to improvee Quiksilver's liquidity and solidify its banking As part of the termse ofthe loan, Quiksilver will name a pair of Rhons appointees to its board of directors. Quiksilve r also refinanced its credit facility with anew $200 million facility led by and .
The companyy is also in discussions with its French banking partners to consolidatde its European debts into anew multi-year In the company's earnings report, the companyt swung to profitability in the second quarter, posting the earningsa of 2 cents a which included several one-time items. Withoutf the items, the earnings per share would have been 5 cents a Analyst estimates placed the earnings at 9 cents a Sales dropped 17 coming inat $494.2 million. In the second quarter a year ago, the compan y lost $206.2 million, or $1.59o a share, on sales of $596.3 That quarter included losseof $244.9 million from discontinued Quiksilver is an apparel and accessorie s company.
Its core brands are Roxy and DC. A renewed focus on those core brandsw are the focus ofthe company's long-term plan to improvde profits.
No comments:
Post a Comment