United Online Has Second Quarter Net Gain

United Online Inc. had year-over-year increases in earnings and revenues for its second quarter, partially driven by higher total consumer order volumes. For the quarter that ended June 30, the Woodland Hills-based Internet products and services provider had net income of $14.2 million, or $0.16 per diluted share, on revenues of $255.6 million. For the same period last year, the company had net income of $13.1 million, or $0.15 per diluted share, on revenues of $242.7 million. Total consumer orders for the quarter increased by 17 percent from the same period a year ago, said Mark R. Goldston, chairman, president and CEO of United Online. The increase, he said, resulted from the shift of the U.K. Mother’s Day into the second quarter of 2011, as well an increase in domestic consumer orders. That was driven by a 7 percent increase in domestic consumer orders during the 14-day period leading up to and including the 32011 Mother’s Day as compared to the same period in 2010, Goldston said. The company’s Content and Media segment revenues decreased by 3 percent compared to the same period a year ago, Goldston said. United Online also recently refinanced outstanding debt for its FTD segment by entering into a new $315 million credit facility. “The refinancing is expected to significantly reduce FTD’s overall cost of debt and increase its financial flexibility,” said Neil P. Edwards, the company’s acting chief financial officer. Jessica Vernabe