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Last $29.27 USD
Change Today -0.42 / -1.41%
Volume 161.2K
FTD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

ftd cos inc (FTD) Key Developments

FTD Companies, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six-Months Ended June 30, 2015; Reports Impairment of Fixed Assets for the Quarter; Provides Earnings Guidance for the Full Year 2015

FTD Companies, Inc. reported unaudited consolidated earnings results for the second quarter and six-months ended June 30, 2015. Consolidated revenues were $365.8 million for the second quarter of 2015, compared to $168.1 million in the second quarter of 2014. Net income was $17.8 million for the second quarter of 2015, compared to $4.7 million for the second quarter of 2014. Adjusted Net Income for the second quarter of 2015 was $25.5 million, compared to $11.3 million for the same period of the prior year. The increase in Adjusted Net Income was largely due to the addition of the Provide Commerce segment. Adjusted Net Income excludes the after-tax impact of stock-based compensation, amortization, transaction-related costs, litigation and dispute settlement charges, and restructuring and other exit costs. Adjusted EBITDA was $47.5 million, or 13.0% of consolidated revenues, for the second quarter of 2015, compared to $22.5 million, or 13.4% of consolidated revenues, for the second quarter of 2014. Adjusted EBITDA for the second quarter of 2015 includes a contribution of $26.1 million from the Provide Commerce segment. Operating income was $20,193,000 compared to $11,098,000 a year ago. Income before income taxes was $18,271,000 compared to $9,941,000 a year ago. Diluted earnings per share were $0.61 compared to $0.24 a year ago. Net cash provided by operating activities were $5,453,000 compared to $3,719,000 a year ago. Purchases of property and equipment and intangible assets were $3,930,000 compared to $1,641,000 a year ago. Free cash flow was $9,121,000 compared to $2,336,000 a year ago. Consolidated revenues were $733.6 million for the six months ended June 30, 2015, compared to $357.9 million in the six months ended June 30, 2014. Net income was $19.9 million for the six months ended June 30, 2015, compared to $14.3 million for the six months ended June 30, 2014. Adjusted Net Income was $42.0 million for the first six months of 2015, compared to $25.2 million for the same period of the prior year. The increase in Adjusted Net Income was largely due to the addition of the Provide Commerce segment. Adjusted EBITDA was $80.8 million, or 11.0% of consolidated revenues, for the first six months of 2015, compared to $47.7 million, or 13.3% of consolidated revenues, for the same period of the prior year. Adjusted EBITDA for the first six months of 2015 includes a contribution of $35.0 million from the Provide Commerce segment. Cash flows from operating activities increased $8.2 million to $27.4 million for the six months ended June 30, 2015, compared to $19.2 million for the prior year period. Debt outstanding as of June 30, 2015 was $310 million, compared to $340 million as of December 31, 2014. Operating income was $24,433,000 compared to $26,624,000 a year ago. Income before income taxes was $20,192,000 compared to $24,615,000 a year ago. Diluted earnings per share were $0.67 compared to $0.74 a year ago. Net cash provided by operating activities were $27,396,000 compared to $19,234,000 a year ago. Purchases of property and equipment and intangible assets were $7,532,000 compared to $3,139,000 a year ago. Free cash flow was $30,598,000 compared to $16,668,000 a year ago. Impairment of fixed assets for the quarter was $1,282,000. For the full year 2015, the Company updated its outlook. The Company now expects consolidated revenues to decline modestly, approximately 2% to 4%, compared to pro forma revenues of $1,270 million for 2014. Consolidated Adjusted EBITDA margins are expected to expand to approximately 9% to 10% of consolidated revenues. Capital expenditures to be approximately $25 million.

FTD Companies, Inc. to Report Q2, 2015 Results on Aug 05, 2015

FTD Companies, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 05, 2015

FTD Companies, Inc., Q2 2015 Earnings Call, Aug 05, 2015

FTD Companies, Inc., Q2 2015 Earnings Call, Aug 05, 2015

FTD Companies, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for the Full Year of 2015

FTD Companies, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $367.781 million against $189.853 million a year ago. Operating income was $4.240 million against $15.526 million a year ago. Income before income taxes was $1.921 million against $14.674 million a year ago. Net income was $2.034 million or $0.07 per diluted share against $9.620 million or $0.0.50 per diluted share a year ago. Net cash provided by operating activities was $21.941 million against $15.515 million a year ago. Purchases of property and equipment were $3.602 million against $1.498 million a year ago. Adjusted EBITDA was $33.249 million against $25.231 million a year ago. Adjusted net income was $16.586 million against $13.973 million a year ago. Free Cash Flow was $24.476 million compared with $14.332 million a year ago. Capital expenditure was $21.942 million compared with $15.515 million a year ago. The increase in consolidated Revenue was largely due to the addition of the Provide Commerce segment, which the company acquired on December 31, 2014, as well as an increase in Consumer segment revenues, partially offset by lower revenues in the International and Florist segments for the quarter. The increase in adjusted net income was largely due to the addition of the Provide Commerce segment. Reduction in net income was primarily driven by the incremental amortization expense related to the acquisition of Provide Commerce. For the full year of 2015. The company expects consolidated revenues to be flat to down modestly, compared to pro forma revenues of $1,270 million for 2014. Consolidated Adjusted EBITDA margins of approximately 9%. Capital expenditures of approximately $25 million. Amortization of intangible assets of approximately $60 million, stock-based compensation expenses of approximately $11 million, and transaction-related costs between $5 and $10 million primarily related to the integration of Provide Commerce. On an adjusted net income basis, the company expects effective tax rate to be approximately 36% in 2015, with cash taxes of approximately $25 million.

FTD Companies, Inc., Annual General Meeting, Jun 09, 2015

FTD Companies, Inc., Annual General Meeting, Jun 09, 2015., at 09:00 Central Standard Time. Location: FTD Companies, Inc.'s Corporate Offices. Agenda: To consider election of Directors; to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2015; to approve the amendment and restatement of the FTD Companies, Inc. amended and restated 2013 incentive compensation plan; to approve the FTD Companies, Inc. 2015 employee stock purchase plan; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.

 

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Valuation FTD Industry Range
Price/Earnings 25.4x
Price/Sales 0.8x
Price/Book 1.3x
Price/Cash Flow 13.5x
TEV/Sales 0.5x
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