Harte Hanks Q2 revenue $47.8M, EPS $0.08 vs $0.52 YoY; net income down sharply

HARTE HANKS INC

2023-Q2 EPS reported -$0.03 revenue$94,882,000

Total revenues $47.8M, down 1.6% YoY; Customer Care segment grew 11.9%, but Fulfillment & Logistics and Marketing Services declined.
Net income $0.6M ($0.08 diluted EPS) vs $4.5M ($0.52) in Q2 2022; operating income fell to $1.7M from $4.0M.
Adjusted EBITDA $4.4M vs $5.2M YoY; results include $1.2M pension expense, $503K stock comp, and $1.2M CEO transition severance.
Company repurchased ~315,000 shares at avg $5.97/share for $1.9M; no outstanding debt, $13.4M cash, $24M credit line.
CEO Kirk Davis notes economic headwinds and customer budget cuts; focusing on cost alignment and sales productivity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HARTE HANKS INC reported the second quarter ended June 30, 2023 results: revenue $47.8 million, net income $0.6 million, EPS $0.08 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $47.8 million
Net income: $0.6 million
EPS: $0.08 per diluted share
Result: reported results

Exact text from the filing

Additionally, the company executed on its stock repurchase plan by repurchasing almost 315,000 shares.” Second Quarter Financial Highlights ● Total revenues for Q2 2023 were $47.8 million, up 1.4% sequentially and down 1.6% year over year compared to $48.6 million in Q2 2022. Included in 2023 was $2.3 million from InsideOut acquired in fourth quarter of 2022. ●

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Source: SEC EDGAR

accession 0001437749-23-023131

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