Harte-Hanks Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Earnings Guidance for the Fiscal 2012
April 26, 2012 at 07:00 am EDT
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Harte-Hanks Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported operating revenues of $195,172,000 against $200,306,000 for the same period last year. Operating income was $12,932,000 against $14,319,000 for the same period last year. Income before income taxes was $11,287,000 against $13,110,000 for the same period last year. Net income was $6,793,000 or $0.11 per basic and diluted share against $7,917,000 or $0.12 per basic and diluted share for the same period last year. Free cash flow was $9,877,000 against $9,572,000 for the same period last year. Capital expenditures were $3,054,000 against $4,372,000 for the same period last year. EBITDA was $18,472,000 against $19,688,000 for the same period last year.
The company expects to see the rate of revenue decline decrease through the year 2012, and should see profit improvement for 2012 from the 2011 cost savings and continued operating efficiencies from the structural changes.
Harte Hanks, Inc., together with its subsidiaries, is a global customer experience company. The Company operates through three segments: Marketing Services; Customer Care, and Fulfillment & Logistics Services. Marketing Services segment leverages data, insight, and experience to support clients as they engage customers through digital, traditional, and emerging channels. Its service offerings include strategic business, brand, marketing and communications planning, data strategy, audience identification and prioritization, predictive modeling, creative development, and execution across traditional and digital channels. Customer Care segment offers responsive contact center solutions, which use real-time data to interact with each customer. Customer contacts are handled through phone, e-mail, social media, text messaging, chat, and digital self-service support. Fulfillment & Logistics segment consists of mail and product fulfillment and logistics services.
Harte-Hanks Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Earnings Guidance for the Fiscal 2012