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Revlon Reports 7.1 Percent Rise in Q4 2010 Sales

Net sales in 2010 were $1,321.4 million, an increase of $25.5 million, or 2.0 percent, compared to 2009.

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By: Jamie Matusow

Editor-in-Chief

Revlon, Inc. (NYSE: REV) has announced results for the year and the fourth quarter ended December 31, 2010.

Net sales in the fourth quarter of 2010 were $369.2 million, compared to $344.6 million in the fourth quarter of 2009, an increase of $24.6 million, or 7.1 percent. In addition, net sales in 2010 were $1,321.4 million, an increase of $25.5 million, or 2.0 percent, compared to net sales of $1,295.9 million in 2009.

Net income in the fourth quarter of 2010 was $296.2 million, or $5.66 per diluted share. In addition, net income in 2010 was $327.3 million, or $6.26 per diluted share, compared to $48.8 million, or $0.94 per diluted share.

Net cash provided by operating activities in the fourth quarter of 2010 was $47.2 million, compared to $32.3 million in the same period last year. In addition, net cash provided by operating activities in 2010 was $97.2 million compared to $109.5 million in 2009.

The shares of the company last traded at $10.86, ended February 16, 2011.

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