Revlon, Inc. (NYSE:REV) is seeking acquisitions. Reclon has improved its capital structure by refinancing its senior notes, amending its bank term loan, reducing interest rates and extending maturities on its debt over the first quarter, has its sights set on more acquisitions in the future. Alan Ennis, President And Chief Executive Officer od Revlon, said, "We're always looking for new opportunities."

Revlon, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Net sales were $331.9 million compared to $330.7 million last year. Excluding the unfavorable impact of foreign currency fluctuations of $5.9 million, first quarter 2013 net sales increased by 2.1%. The increase was primarily driven by higher net sales of Revlon and SinfulColors color cosmetics and the inclusion of the net sales of Pure Ice, partially offset by lower net sales of Almay color cosmetics and Revlon ColorSilk hair color. Operating income was $47.3 million, which included an $8.3 million gain in SG&A related to the insurance settlement for loss of inventory due to the 2011 fire in Venezuela, compared to $44.3 million last year. Loss before income taxes was $5.7 million against income before income taxes of $19.5 million last year. Net loss was $6.9 million or $0.13 per basic and diluted share compared to net income of $8.5 million or $0.16 per basic and diluted share last year. Net loss in 2013 included charges of $27.9 million ($16.9 million after tax) related to the 2013 refinancing of the company's senior notes and the amendment of its bank term loan, and the $8.3 million gain on the insurance settlement. Net cash used in operating activities was $16.9 million against $20.4 million last year. Capital expenditures were $5.5 million against $3.5 million last year. Adjusted EBITDA was $64.3 million, which included the $8.3 million gain on the insurance settlement compared to $60.0 million last year. Operating income and adjusted EBITDA for the first quarter of 2013 included $1.1 million of higher incentive compensation expense related to a modification to the structure of the company's long-term incentive plan to better align the plan with the company's long-term performance.

Revlon, Inc., Q1 2013 Earnings Call, Apr 25, 2013