Revlon Reports Slight Net Sales Bump In 2Q 2016

Revlon, Inc., reported net sales rose 1.3 percent to $488.9 million in the second quarter of 2016, compared with the quarter ended June 30, 2015. Adjusted EBITDA during the quarter dropped 1.1 percent to $89.1 million. Adjusted net income was $14.7 million, which was $14.3 million lower than the same quarter of the previous year. Revlon’s consumer business saw its sales rise 3.9 percent, compared with the second quarter of 2015; however, profit dropped 2.5 percent. Net sales and profit for the company’s professional business were essentially flat during the quarter.