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BRIEF-Revlon Q4 adjusted earnings per share $0.43
March 3, 2017 / 12:57 PM / in 7 months

BRIEF-Revlon Q4 adjusted earnings per share $0.43

March 3 (Reuters) - Revlon Inc

* Revlon reports 2016 net sales growth across all segments; raises and accelerates acquisition synergy estimates

* Revlon says in 2016, co has incurred EA integration restructuring charges of $34.5 million and Elizabeth Arden acquisition and integration costs of $40.7 million

* Revlon says as a result of Elizabeth Arden integration program co has identified increased annualized synergies and cost reductions of about $190 million

* Revlon says “$190 million of expected annualized synergies and cost reductions are expected to be generated over a multi-year period”

* Revlon says in connection with implementing EA integration restructuring program, co expects to recognize about $65 million - $75 million of total pre-tax restructuring charges

* Qtrly loss per share $0.70

* Revlon says for 2016, company realized about $3 million of cost-reductions, which primarily benefited Elizabeth Arden segment results

* Revlon says qtrly total net sales as reported of $800.7 million versus $521.9 million

* Revlon says recognized $23.4 million in non-cash impairment charges attributable to its other segment during q4 of 2016.

* Revlon says on an adjusted basis, net income was $22.7 million in Q4 of 2016, compared to $64.9 million in Q4 of 2015

* Revlon says in 2016, co incurred EA integration restructuring charges of $34.5 million and elizabeth arden acquisition and integration costs of $40.7 million

* Qtrly adjusted earnings per share $ 0.43 Source text for Eikon: Further company coverage:

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