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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-equityu firm Rhone was made toimprove Quiksilver's liquidity and solidifg its banking relationships. As part of the terms of the Quiksilver will name a pair of Rhone appointees to its boardof directors. Quiksilver also refinanced its crediyt facility with anew three-year, $200 million facilityg led by and . The company is also in discussionx with its French banking partners to consolidate its Europeanh debts into anew multi-year facility.
In the company'w earnings report, the company swung to profitability in thesecond quarter, postingt the earnings of 2 centsa a share, which included several one-time Without the items, the earnings per sharwe would have been 5 cents a Analyst estimates placed the earnings at 9 cents a share. Salew dropped 17 percent, coming in at $494.2 million. In the second quarter a year ago, the company lost $206.12 million, or $1.59 a share, on saled of $596.3 million. That quarter included losses of $244.9i million from discontinued operations. Quiksilver is an apparel and accessories company. Its core brands are Roxy and DC.
A renewed focus on those core brands are the focus ofthe company's long-ter m plan to improve profits.
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