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Revlon, Inc. (NYSE: REV) has filed a prospectus supplement with the SEC to potentially offer up to $25 million in shares through an at-the-market equity offering program. The proceeds will support general corporate purposes, including working capital, debt repayment, and possible acquisitions. Additionally, funds may be allocated to address supply chain disruptions affecting product demand. Jefferies LLC will act as the sales agent for this offering, which could vary in timing and amount based on market conditions.
Revlon (NYSE: REV) has partnered with ACTV8me to become the first beauty company to utilize Sequential QR Code™ technology. This collaboration aims to offer consumers exclusive deals and personalized experiences. Through the SQR codes™, Revlon will deliver promotional offers, coupons, and beauty-related information directly to customers. The technology was recently tested during the ColorStay Skin Awaken Concealer Truck event, where customers enjoyed virtual shade-matching and giveaways. Revlon is poised to expand this initiative to enhance customer engagement.
Nexthink has appointed Roberto Simon as the new Chief Financial Officer, bringing over 15 years of global financial experience to the role. His previous experience includes serving as CFO at WEX and Revlon Inc., where he played a key role in managing growth. The company reports a remarkable 66% annual recurring revenue (ARR) growth in North America, highlighting strong customer demand for their Digital Employee Experience (DEX) solutions. Simon aims to drive further growth amidst the increasing emphasis on employee digital experiences during hybrid work.
Revlon reported mixed results for Q4 2021, with net sales at $615.2 million, down 1.8% year-over-year. Operating income surged to $67.3 million, an increase of 137% from the previous year, driven by a 240 basis point improvement in gross margin and $29.6 million reductions in SG&A expenses. Net income reached $9.9 million, recovering from a $233.8 million loss the prior year. Supply chain challenges impacted product availability despite strong consumer demand, particularly in Revlon Color Cosmetics, which saw 30% growth in U.S. retail sales. Liquidity stood at $171.5 million as of December 31, 2021.
Revlon, Inc. (NYSE: REV) will announce its fourth quarter and full year results for the period ending December 31, 2021, on March 3, 2022, at 8:30 A.M. NYC time. Investors can participate via phone or webcast through the company's Investor Relations website. Revlon is a recognized leader in color cosmetics and hair care, operating since 1932 and expanding its portfolio significantly with the acquisition of Elizabeth Arden in 2016. The company is present in approximately 150 countries, offering a wide range of beauty products.
Revlon, Inc. (NYSE: REV) reported a strong performance for Q3 2021, with net sales rising to $521.1 million, a 9.2% increase from $477.1 million in the prior year. Operating income improved significantly to $34.1 million from a loss of $9.7 million, primarily due to higher sales and a gross margin enhancement of 670 basis points. Despite a net loss of $53.1 million, an improvement of $42.3 million can be noted when excluding specific impacts. The company experienced revenue growth across all segments, with a total liquidity of $121.9 million.
Revlon, Inc. (NYSE: REV) announced plans to release its third-quarter financial results for the period ending September 30, 2021, on November 5, 2021. The company will also host a conference call at 8:00 A.M. NYC time to discuss these results. Participants can join the call by dialing 1-866-342-8591 in the U.S. and Canada or 1-203-518-9713 for international callers, using the passcode 'Revlon.' An online webcast will also be available on Revlon’s Investor Relations website.
Revlon, Inc. (NYSE: REV) has appointed Thomas Cho as Chief Supply Chain Officer, effective August 2, 2021. Cho will oversee global supply chain operations, including strategy, planning, and logistics for Revlon's diverse brand portfolio. Previously, he served as COO at PPI Beauty and has over 30 years of industry experience. Revlon CEO Debra Perelman highlighted Cho's expertise in process optimization in the cosmetics sector, which is essential for Revlon's strategic growth. This appointment comes at a critical time as the company aims to strengthen its operations and market position.
Revlon reported second-quarter 2021 net sales of $497.4 million, up 43.1% from $347.6 million a year prior, driven by strong growth across all segments. Operating income reached $14.5 million, a significant increase from a loss of $58.8 million in the year-ago quarter. However, the company still faced a net loss of $67.7 million, though reduced from $126.8 million previously. Adjusted EBITDA improved to $63.9 million. As of June 30, 2021, Revlon had liquidity of $153.1 million. CEO Debra Perelman highlighted recovery in consumer engagement in the beauty sector.
Revlon, Inc. (NYSE: REV) will release its second-quarter results for the period ending June 30, 2021, on August 5, 2021. The event includes a conference call scheduled for 8:30 A.M. NYC time. Investors can dial in for the call using specific passcodes or access it via webcast on Revlon's Investor Relations website. Revlon has a strong presence in the global beauty market, known for its wide range of color cosmetics and hair care products, and has expanded its brand portfolio through the acquisition of Elizabeth Arden in 2016.
