Harte Hanks Q2 2024 net loss $27.8M; names Sharona Sankar-King as Chief Customer and Data Officer

HARTE HANKS INC

2024-Q2 EPS reported -$3.86 vs consensus $0.05 ▼ miss (-7743.6%)

Q2 revenue $45.0M (-5.7% YoY); net loss $27.8M ($3.84/sh) including $38.2M pension termination charge.
Adjusted EBITDA $3.6M vs $4.4M prior year; operating income $1.4M.
Segment: Customer Care rev -17% to $12.4M, Sales Services +92% to $4.4M, Fulfillment +4% to $20.5M, Marketing -29% to $7.7M.
Cash $11M, no debt; pension plan terminated. Capacity on credit line $24M.
Appointed Sharona Sankar-King as Chief Customer and Data Officer, starting Sept 4 from Bain & Company.

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