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The Huntington Beach company ZQK) also posted second-quartetr earnings of $2.8 million. The five-yea r term loan with private-equity firm Rhoned was made toimprove Quiksilver's liquidity and solidify its bankingh relationships. As part of the terms of the loan, Quiksilver will name a pair of Rhonwe appointees to its boardof directors. Quiksilver also refinancer its credit facility with anew $200 million facility led by and . The companty is also in discussions with its French bankintg partners to consolidate its Europeabn debts into anew multi-year facility.
In the company'ds earnings report, the company swung to profitabilityy in thesecond quarter, posting the earninga of 2 cents a share, which includefd several one-time items. Without the items, the earnings per share wouls have been 5 centsa share. Analysgt estimates placed the earningsd at 9 centsa share. Sales dropped 17 coming in at $494.2 million. In the seconsd quarter a year ago, the company lost $206.2 or $1.59 a share, on sales of $596.3 million. That quarte included losses of $244.9 million from discontinuedr operations. Quiksilver is an apparel and accessories Its core brands are Roxyand DC.
A renewed focus on those core brands are the focud ofthe company's long-term plan to improve
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