secwatch.observer — SEC 8-K summary
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Issuer:     HARTE HANKS INC (HHS)
CIK:        0000045919
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001437749-23-023131
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45919/000143774923023131/0001437749-23-023131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45919/000143774923023131/hhs20230810_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer