Last $34.99 USD
Change Today +0.10 / 0.29%
Volume 115.7K
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As of 12:23 PM 11/26/14 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 Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending December 31, 2014

FTD Companies, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $125,100,000 compared to $118,527,000 a year ago. Operating income was $3,923,000 compared to $2,444,000 a year ago. Income before income taxes was $2,436,000 compared to loss before income taxes of $1,445,000 a year ago. Net income was $4,614,000 or $0.24 per basic and diluted share compared to $18,000 or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities of $5,870,000 compared to net cash used in operating activities of $468,000 a year ago. Purchases of property and equipment were $2,225,000 compared to $2,282,000 a year ago. Adjusted EBITDA was $15,547,000 compared to $15,038,000 a year ago. Adjusted net income was $11,170,000 compared to $9,088,000 a year ago. Excluding the impact of changes in the British pound to the U.S. dollar, consolidated revenues grew 3.3%. The increase in adjusted net income includes a $2.8 million tax benefit received this quarter from the reversal of a valuation allowance on deferred tax assets, as they now believe that such tax assets are realizable. Excluding the impact of changes in the British pound to the U.S. dollar, adjusted EBITDA grew 1.5% year-over-year. For the nine months, the company reported total revenues of $483,047,000 compared to $473,089,000 a year ago. Operating income was $30,547,000 compared to $31,602,000 a year ago. Income before income taxes was $27,051,000 compared to income before income taxes of $21,913,000 a year ago. Net income was $18,943,000 or $0.98 per basic and diluted share compared to $14,955,000 or $0.80 per basic and diluted share a year ago. Net cash provided by operating activities of $25,104,000 compared to net cash provided by operating activities of $14,568,000 a year ago. Purchases of property and equipment were $5,364,000 compared to $6,473,000 a year ago. Adjusted EBITDA was $63,293,000 compared to $65,916,000 a year ago. Adjusted net income was $36,419,000 compared to $34,651,000 a year ago. The company provided earnings guidance for the year ending December 31, 2014. For the period, the company expects consolidated revenues in the range of $637 million to $645 million, GAAP net income in the range of $20.3 million to $23.7 million, adjusted EBITDA in the range of $81.0 million to $84.0 million, adjusted net income in the range of $45.3 million to $47.3 million, interest expense, net of $5.5 million, capital expenditures of approximately $9 million and depreciation and amortization of $21.8 million. The guidance ranges do not include the impact of the planned acquisition of Provide Commerce, but do reflect an estimated $12 million to $14 million of transaction-related costs.

FTD Companies, Inc. Presents at Morgan Stanley Global Consumer Conference 2014, Nov-18-2014 10:20 AM

FTD Companies, Inc. Presents at Morgan Stanley Global Consumer Conference 2014, Nov-18-2014 10:20 AM. Venue: Crown Plaza Times Square, New York, New York, United States.

FTD Companies, Inc. to Report Q3, 2014 Results on Nov 12, 2014

FTD Companies, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 12, 2014

FTD Companies, Inc., Q3 2014 Earnings Call, Nov 12, 2014

FTD Companies, Inc., Q3 2014 Earnings Call, Nov 12, 2014

FTD Companies, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six-Months Ended June 30, 2014; Provides Earnings Guidance for Fiscal 2014

FTD Companies, Inc. reported unaudited consolidated earnings results for the second quarter and six-months ended June 30, 2014. Consolidated revenues increased 2.3% to $168.1 million for the second quarter of 2014 compared to $164.3 million in the same period of the prior year. The increase in consolidated revenues in the second quarter of 2014 was due to increased revenues in the International and Florist segments and favorable foreign currency exchange rates of $3.1 million, partially offset by lower revenues in the Consumer segment. Net income was $4.7 million for the second quarter of 2014 compared to $5.5 million in the same period of the prior year. Net income for the second quarter of 2014 includes $1.0 million net of tax ($1.7 million pre-tax) in transaction-related costs associated with the company's previously announced agreement to acquire Provide Commerce. Adjusted Net Income for the second quarter of 2014 was $11.3 million compared to $11.2 million in the prior year period. 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 $22.5 million, or 13.4% of consolidated revenues, for the second quarter of 2014 compared to $23.6 million, or 14.3% of consolidated revenues, in the same period of the prior year. Adjusted EBITDA was negatively impacted by higher marketing costs and incremental costs associated with being a stand-alone public company. Operating income was $11,098,000 against $11,934,000 a year ago. Income before income taxes was $9,941,000 against $8,999,000 a year ago. Purchases of property and equipment were $1,641,000 against $2,131,000 a year ago. Consolidated revenues increased 1.0% to $357.9 million for the six months ended June 30, 2014 compared to $354.6 million in the same period of the prior year. The increase in consolidated revenues in the current year was due to increased revenues in the International segment and favorable foreign currency exchange rates of $7.5 million, partially offset by lower revenues in the Consumer and Florist segments. Net income was $14.3 million for the six months ended June 30, 2014 compared to $14.8 million in the same period of the prior year. Net income for the six months ended June 30, 2014 includes $1.0 million net of tax ($1.7 million pre-tax) in transaction-related costs associated with the Company's previously announced agreement to acquire Provide Commerce. Adjusted Net Income for the first six months of 2014 was $25.2 million compared to $25.6 million in the same period of the prior year. Adjusted EBITDA was $47.7 million, or 13.3% of consolidated revenues, for the six months ended June 30, 2014 compared to $50.9 million, or 14.3% of consolidated revenues, in the prior year period. Cash flows from operating activities were $19.2 million for the six months ended June 30, 2014 compared to $15.0 million for the same period of the prior year. Operating income was $26,624,000 against $29,158,000 a year ago. Income before income taxes was $24,615,000 against $23,358,000 a year ago. Purchases of property and equipment were $3,139,000 against $4,191,000 a year ago. For the full year 2014, the company also reaffirmed the following guidance ranges which were first provided on July 30, 2014 and which do not include the impact of the planned acquisition of Provide Commerce, but do reflect an estimated $13 million to $15 million of transaction-related costs: consolidated revenues of $640 million to $650 million, net income of $16.6 million to $20.6 million, adjusted net income of $40.8 million to $43.3 million, adjusted EBITDA of $81 million to $85 million and capital expenditures of approximately $10 million. Full year effective tax rate is expected to be approximately 42%, impacted by nondeductible cost related to the planned acquisition of Provide Commerce.

 

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Price/Earnings 41.2x
Price/Sales 1.0x
Price/Book 2.1x
Price/Cash Flow 20.4x
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