Revlon posted an 8% rise in net sales, to $445 million, for the three months ending in March, and swung to a modest operating profit of $24 million thanks to improving gross margins and lower restructuring charges. Revlon said it had around $70 million in cash as of the end of March, with access to $65 million in borrowing capacity under a 2016 credit facility, "While consumer demand for Revlon's products remained strong throughout the quarter, supply chain challenges are putting pressures on our ability to meet this demand," CEO Debra Perelman told investors on a conference call on May 7. "Lack of availability or long lead times for raw materials and components, along with shortages and delays across all modes of transportation, are resulting in reduced supply to support the demand." "Additionally, we are faced with rising costs due to global inflation putting pressures both on consumers' wallets as well as on our margins," she added.