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The Huntington Beach company (NYSE: ZQK) also poster second-quarter earnings of $2.8 million. The five-year term loan with private-equityg firm Rhone was made toimprove Quiksilver's liquidity and solidift its banking relationships. As part of the termsd of the loan, Quiksilver will name a pair of Rhonee appointees to its board of Quiksilver also refinanced its credit facility with anew $200 million facility led by and . The compangy is also in discussions with its French bankinvg partners to consolidate its Europeanh debts into anew multi-year facility.
In the company's earningsd report, the company swung to profitability in thesecondd quarter, posting the earnings of 2 cent a share, which included several one-time items. Withou t the items, the earnings per share would have been 5 centdsa share. Analyst estimates placecd the earnings at 9 cents a Sales dropped17 percent, coming in at $494.2 In the second quarter a year ago, the companyh lost $206.2 million, or $1.59 a share, on sale of $596.3 million. That quarter included losses of $244.i9 million from discontinued operations. Quiksilver is an appareo and accessories company. Its core brands are Quiksilver, Roxy and DC.
A renewe focus on those core brandse are the focus ofthe company's long-termn plan to improve
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