FTD Companies denote financial results for the fourth quarter and full twelvemonth stop December 31 , 2018 .
“ We are disappointed we did not achieve our financial objective for the quaternary quarter and full twelvemonth 2018 . The deficit was mostly due to clientele execution during the fourth twenty-five percent vacation full point , ” commented Scott Levin , FTD ’s President and Chief Executive Officer . “ For 2019 , we are update our outlook ground on lower than await results for the Valentine ’s Day holiday , and we are focused on amend the society ’s performance for the approaching female parent ’s Day holiday . Our Board of Directors and direction squad stay attached to our on-going limited review of strategic alternatives as we look for to maximise stockholder value . We are also focused on realise the benefits from our previously denote incorporated restructuring and toll savings plan , which we expect will total $ 25 million to $ 28 million for 2019 . ”
Fourth quarter resultsConsolidated receipts were $ 247.5 million for the 4th quarter of 2018 , a decrease of 11.0 % compare to $ 278.1 million for the fourth twenty-five percent of 2017 , due to low tax revenue in all of the party ’s business segment . strange currency exchange rates had a $ 1.3 million unfavorable wallop on coalesced revenues during the fourth one-quarter of 2018 .
Net loss was $ 68.8 million for the quaternary quarter of 2018 , compare to a net deprivation of $ 153.5 million for the fourth quarter of 2017 . final departure includes pre - tax non - cash impairment armorial bearing associate to goodwill , intangible assets , and other long - lived assets of $ 67.1 million and $ 194.6 million , for the fourth quarters of 2018 and 2017 , severally .
familiarized EBITDA was $ 12.6 million , or 5.1 % of consolidated revenues , for the fourth one-fourth of 2018 , compared to familiarized EBITDA of $ 15.6 million , or 5.6 % of coalesced revenues , for the 4th after part of 2017 . Adjusted EBITDA is a non - GAAP fiscal mensuration . Please refer to the tables in this printing press dismissal for a reconciliation of all non - GAAP fiscal measures .
Full year resultsConsolidated revenues were $ 1.01 billion for the year terminate December 31 , 2018 , a reduction of 6.4 % compare to $ 1.08 billion for the year ended December 31 , 2017 , due to lower revenues in all of the Company ’s line segments . Foreign currency interchange rates had a $ 6.5 million friendly shock on consolidated tax revenue for the class ended December 31 , 2018 .
Net loss was $ 224.7 million for the twelvemonth ended December 31 , 2018 , liken to a final loss of $ 234.0 million for the year ended December 31 , 2017 . Net loss include pre - tax non - cash impairment charges related to grace , intangible assets , and other long - lived assets of $ 206.7 million and $ 300.3 million for the years ended December 31 , 2018 and 2017 , respectively . Restructuring and other issue price receive were $ 18.2 million and $ 2.2 million for the geezerhood end December 31 , 2018 and 2017 , severally .
enter the full results here .
