FTD Companies, Inc. reported unaudited consolidated earnings results for the second quarter and six-months ended June 30, 2018. For the quarter, the company reported revenues were $299.9 million a decrease of 8.6% compared to $328.1 million for the second quarter of 2017, primarily due to a decrease in revenues in the U.S. Consumer and Florist segments. International segment revenues were relatively stable in constant currency for the second quarter of 2018 compared to the prior-year quarter. Net loss was $118.1 million compared to net income of $9.7 million for the second quarter of 2017. Net loss includes pre-tax non-cash impairment charges related to goodwill, intangible assets, and other long-lived assets of $136.9 million for the second quarter of 2018. Adjusted EBITDA was $17.0 million, or 5.7% of consolidated revenues compared to $31.2 million, or 9.5% of consolidated revenues, for the second quarter of 2017. Operating loss was $127,117,000 compared to income of $17,749,000 a year ago. Net loss before income taxes was $131,346,000 compared to income of $15,532,000 a year ago. Diluted loss per share were $4.25 compared to income of $0.35 a year ago. Net cash used in operating activities was $542,000 compared to $4,607,000 a year ago. Purchases of property and equipment and intangible assets were $9,221,000 compared to $3,174,000 a year ago. Adjusted EBITDA was $16,974,000 compared to $31,191,000 a year ago. Capital expenditures were $9,221,000 compared to $3,174,000 a year ago. Free cash outflow was $9,652,000 compared to $5,797,000 a year ago.

For the six months, the company reported revenues were $618.1 million, a decrease of 4.1% compared to $644.6 million for the first six months of 2017, primarily due to a decrease in revenues in the U.S. Consumer and Florist segments, partially offset by an increase in revenues in the International segment. Net loss was $124.7 million compared to net income of $18.7 million for the first six months of 2017. Net loss includes pre-tax non-cash impairment charges related to goodwill, intangible assets, and other long-lived assets of $139.2 million for the 2018 period. Adjusted EBITDA was $21.8 million, or 3.5% of consolidated revenues compared to $62.3 million, or 9.7% of consolidated revenues, for the first six months of 2017. Net cash used for operating activities was $1.6 million compared to cash provided by operating activities of $19.6 million for the six months ended June 30, 2017. Operating loss was $131,534,000 compared to income of $35,589,000 a year ago. Net loss before income taxes was $138,273,000 compared to income of $31,074,000 a year ago. Diluted loss per share were $4.49 compared to income of $0.67 a year ago. Purchases of property and equipment and intangible assets were $16,280,000 compared to $6,370,000 a year ago. Adjusted EBITDA was $21,836,000 compared to $62,254,000 a year ago. Capital expenditures were $16,280,000 compared to $19,609,000 a year ago. Free cash outflow was $17,459,000 compared to free cash outflow of $18,553,000 a year ago.

The company is reiterated the outlook for the full year ending December 31, 2018 that it previously provided on July 19, 2018. For the period, the company continues to expect, consolidated revenues of $1.03 billion to $1.04 billion, Adjusted EBITDA of approximately $37 million to $41 million and capital expenditures of $35 million to $40 million.