Welcome to our dedicated page for REV news (Ticker: REV), a resource for investors and traders seeking the latest updates and insights on REV stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect REV's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of REV's position in the market.
Revlon announced its Revlon Global Growth Accelerator (RGGA), an expansion of its 2020 restructuring program, focusing on long-term growth through brand reinvestment and productivity initiatives. The program aims for mid-single digit annual sales growth through 2023 and anticipates cost reductions of $75-95 million. Despite a 1.8% decline in Q1 2021 net sales to $445 million, the company reported improved operating loss and adjusted EBITDA. E-commerce sales grew 5%, representing 13% of total sales. The company had $129.6 million in liquidity as of March 31, 2021.
Revlon, Inc. (NYSE: REV) plans to announce its first-quarter results for the period ending March 31, 2021, on May 10, 2021. A conference call with executives will take place at 8:30 A.M. NYC time, accessible via a U.S. and Canada toll-free number, or through an international dial-in. Interested parties can also listen to the call via webcast on Revlon's Investor Relations website. Revlon remains a notable player in the global beauty market, renowned for its diverse portfolio that includes leading brands across cosmetics, skincare, and fragrances.
Revlon reported Q4 2020 net sales of $626.6 million, declining 10.4% year-over-year. E-commerce showed resilience with a 39% increase, now comprising 20% of total sales. The Company faced an estimated $118 million impact from COVID-19. Operating income fell to $28.4 million, impacted by higher costs and a $233.8 million net loss, largely due to a non-cash tax charge. However, adjusted EBITDA remained stable at $111.8 million, with an improved margin of 17.8%. The restructuring program is on track for annualized cost reductions of $200 million to $230 million by 2022.
Revlon, Inc. (NYSE: REV) will announce its fourth quarter and full year results for the period ending December 31, 2020, on March 11, 2021. A conference call is scheduled for 8:30 A.M. NYC time, accessible via phone for U.S. and Canadian callers at 1-877-876-9173 or for international participants at 1-785-424-1667, both using the passcode "Revlon." Alternatively, the call can be streamed via webcast on Revlon's Investor Relations website.
Revlon, Inc. (NYSE: REV) has successfully completed its exchange offer for 5.75% Senior Notes due 2021, accepting $236 million in notes. The company also plans to redeem the remaining $106.8 million not tendered in the exchange on December 14, 2020. This process will discharge the notes and related indenture as of November 13, 2020. Revlon continues to strengthen its position in the beauty industry, selling a diverse brand portfolio worldwide, including Elizabeth Arden and several iconic cosmetic brands.
Revlon, Inc. (NYSE: REV) reported Q3 2020 net sales of $477.1 million, down 20.1% from $596.8 million a year earlier, primarily due to the COVID-19 pandemic. E-commerce sales grew 13%, accounting for 12% of total sales. The company faced an operating loss of $9.7 million compared to $16.7 million profit previously. Adjusted EBITDA decreased to $54.5 million. Despite a slight improvement in overall losses, liquidity stood at $340.4 million. The company aims to strengthen e-commerce and brand investment, citing ongoing challenges from the pandemic.
Revlon, Inc. (NYSE: REV) announced the results of its Exchange Offer and Consent Solicitation, which expired on November 10, 2020. Approximately $236 million of its 5.75% Senior Notes due 2021 were tendered. The Company will settle the exchange on November 13, 2020, aiming to eliminate most restrictive covenants, which may alleviate bankruptcy risks. An optional redemption of approximately $106.8 million of untendered Notes is scheduled for December 14, 2020. CEO Debra Perelman expressed optimism about strengthening capital structure and future growth despite ongoing challenges from the COVID-19 pandemic.
Revlon, Inc. (NYSE: REV) is set to release its third-quarter results for the period ending September 30, 2020, on November 12, 2020. The earnings call, scheduled for 5:00 P.M. NYC time, will be accessible to investors via phone and webcast. Revlon has a storied history in color cosmetics, established in 1932, and has expanded its portfolio through acquisitions, notably the purchase of Elizabeth Arden in 2016. The company markets its diverse brand offerings globally across various retail channels.
Revlon, Inc. (NYSE: REV) announced that approximately $236.5 million of its 5.75% Senior Notes due in 2021 were tendered in the recent exchange offer, concluding on November 10, 2020. This preliminary figure is subject to change. Revlon will confirm if all conditions for the offer are met by November 13, 2020. The company has a strong reputation in the beauty industry and operates a diversified portfolio sold in around 150 countries.
Revlon, Inc. (NYSE: REV) has extended the Early Tender Deadline for its exchange offer and consent solicitation to November 10, 2020. The offering targets its 5.75% Senior Notes due 2021, with approximately $124.7 million of the $342.8 million total already tendered. The company is seeking to eliminate restrictive covenants in the Notes’ Indenture. Revlon will file a Form 12b-25 extension for its fiscal third quarter report due to potential delays. The settlement of the Exchange Offer is expected post-expiration, contingent on meeting conditions.
