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Unit Sales Boost Revlon’s Third Quarter Results

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By: TOM BRANNA

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Revlon reported a 1% increase in third quarter sales to $334.4 million, while posting net income of $29.2 million, vs. a loss of $10.4 million a year ago. However, the gain in profit is attributable to the July sale of Revlon’s Bozzano branded men’s hair care and shaving line of products, which are sold only in Brazil. The purchase price was $107 million. “We have executed our strategy and profitably grown our business during the first nine months of this year. Specifically, we have launched ...

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