Revlon Says Net Sales Grew 6.8 Percent In 3Q 2015

Revlon reported net sales grew 6.8 percent to $471.5 million in the third quarter of 2015, compared with $472.3 million in the same quarter in 2014. Adjusted EBITDA grew 8.7 percent despite an incremental $4.7 million of brand support investment during the period. Total company EBITDA was $81 million, compared with $79.8 million in the same period of the previous year. Reported net income dropped to $6.2 million in the third quarter of 2015 from $14.6 million in the same quarter in 2014, due to higher tax expense and the unfavorable impact of certain discrete items.