Revlon Reverses To Loss In Q4 - Quick Facts

(RTTNews) - Cosmetics company Revlon, Inc. (REV) reported fourth-quarter 2013 net loss of $33.1 million, or $0.63 per share, as against an income of $46.5 million, or $0.89 per share, last year. For the tri-monthly period, operating income fell sharply to $33.5 million, from the prior year's $84.8 million.

On the other hand, quarterly net sales reached $491.0 million, a 28.0% increase from $383.5 million reported a year before. On a foreign currency fluctuations or XFX basis, total company net sales went up by 31.2%, benefiting from the inclusion of $116.8 million of net sales related to the Professional segment beginning on the TCG Acquisition Date.

Excluding the TCG acquisition, total company net sales were $374.2, up 0.7% year-on-year on an XFX basis. The firm said it recorded higher net sales across most of its major brands, largely offset by lower net sales of Almay color cosmetics and lower net sales in Venezuela.