HARTE HANKS INC
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
HHS$3.95-1.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| In thousands, except per share amounts | 2024 | 2023 | 2024 | 2023 |
| Revenue | $45,035 | $47,762 | $90,483 | $94,882 |
| Operating expenses | ||||
| Labor | 22,682 | 26,666 | 46,167 | 51,131 |
| Production and distribution | 13,679 | 13,328 | 27,429 | 27,780 |
| Advertising, selling, general and administrative | 5,852 | 5,065 | 11,791 | 11,149 |
| Restructuring expenses | 427 | — | 1,280 | — |
| Depreciation and amortization expense | 1,022 | 1,033 | 2,068 | 2,099 |
| Total operating expenses | 43,662 | 46,092 | 88,735 | 92,159 |
| Operating income | 1,373 | 1,670 | 1,748 | 2,723 |
| Other expense, net | ||||
| Interest expense (income), net | 39 | 59 | 50 | (151) |
| Pension plan termination charges | 38,217 | — | 38,217 | — |
| Other (income) expense, net | (45) | 791 | 561 | 3,377 |
| Total other expense, net | 38,211 | 850 | 38,828 | 3,226 |
| (Loss) income before income taxes | (36,838) | 820 | (37,080) | (503) |
| Income tax (benefit) expense | (9,004) | 240 | (9,075) | (292) |
| Net (loss) income | (27,834) | 580 | (28,005) | (211) |
| (Loss) income per common share | ||||
| Basic | $(3.84) | $0.08 | $(3.86) | $(0.03) |
| Diluted | $(3.84) | $0.08 | $(3.86) | $(0.03) |
| Weighted average shares used to compute (loss) income per share | ||||
| Basic | 7,257 | 7,358 | 7,246 | 7,392 |
| Diluted | 7,365 | 7,505 | 7,354 | 7,392 |
| Comprehensive (loss) income, net of tax: | ||||
| Net (loss) income | $(27,834) | $580 | $(28,005) | $(211) |
| Adjustment to pension liability, net | 29,179 | 402 | 29,524 | 1,142 |
| Foreign currency translation adjustment | (1,403) | 100 | (1,937) | 1,980 |
| Total other comprehensive loss, net of tax | $27,776 | $502 | $27,587 | $3,122 |
| Comprehensive (loss) income | $(58) | $1,082 | $(418) | $2,911 |
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