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The Huntington Beach company ZQK) also posted second-quarter earnings of $2.8 million. The five-year term loan with private-equith firm Rhone was made to improve Quiksilver's liquidityh and solidify its banking relationships. As part of the termes of the loan, Quiksilver will name a pair of Rhone appointeese to its boardof directors. Quiksilve also refinanced its credit facility with anew three-year, $200 million facility led by and . The compangy is also in discussionse with its French banking partners to consolidate its Europea debts into anew multi-yea r facility.
In the company's earningd report, the company swung to profitabilith in thesecond quarter, postinv the earnings of 2 cents a which included several one-time Without the items, the earnings per share would have been 5 centsa a share. Analyst estimates placed the earnings at 9 cents a Sales dropped 17 coming inat $494.2 million. In the second quarter a year ago, the companuy lost $206.2 million, or $1.59 a on sales of $596.3 million. That quarter includef losses of $244.9 million from discontinuefd operations. Quiksilver is an apparel and accessories company. Its core brands are Roxy and DC.
A renewed focus on thosw core brands are the focus ofthe company's long-ternm plan to improve profits.
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