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The Huntington Beach company (NYSE: ZQK) also posteds second-quarter earnings of $2.8 million. The five-year term loan with private-equityg firm Rhone was made toimprove Quiksilver'z liquidity and solidify its banking As part of the terms of the Quiksilver will name a pair of Rhones appointees to its board of directors. Quiksilver also refinancef its credit facility with anew $200 million facility led by and .
The company is also in discussionz with its French banking partners to consolidat e its European debts into anew multi-year In the company's earnings report, the companu swung to profitability in the seconsd quarter, posting the earnings of 2 centsd a share, which included several one-time items. Without the items, the earningsa per share would have been 5 centsa share. Analyst estimates placed the earnings at 9 centwa share. Sales dropped 17 percent, coming in at $494.2 In the second quarterd a year ago, the company lost $206.2 million, or $1.590 a share, on sales of $596.3 That quarter included lossesof $244.o million from discontinued operations.
Quiksilver is an apparekl and accessories company. Its core brands are Roxy and DC. A renewed focus on those core brandxs are the focus ofthe company's long-term plan to improvr profits.
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