Harte-Hanks Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported operating revenues of $224,624,000 against $235,993,000 for the same period last year. Operating income was $23,826,000 against $25,109,000 for the same period last year. Income before income taxes was $24,931,000 against $23,855,000 for the same period last year. Net income was $14,728,000 or $0.23 per diluted share against $15,604,000 or $0.24 per diluted share for the same period last year. Free cash flow was $16,189,000 against $17,280,000 for the same period last year. Capital expenditures were $4,590,000 against $4,818,000 for the same period last year. EBITDA was $29,182,000 against $30,980,000 for the same period last year. Revenue was decreased 4.8%; operating income was down 5.1%; net income was down 5.6%; and earnings per share were $0.23 was down $0.042. For the year, the company reported operating revenues of $850,765,000 against $860,526,000 for the same period last year. Operating income was $75,406,000 against $91,053,000 for the same period last year. Income before income taxes was $73,973,000 against $86,327,000 for the same period last year. Net income was $44,198,000 or $0.70 per diluted share against $53,604,000 or $0.84 per diluted share for the same period last year. Free cash flow was $47,370,000 against $62,000,000 for the same period last year. Capital expenditures were $21,034,000 against $17,449,000 for the same period last year. EBITDA was $96,619,000 against $114,480,000 for the same period last year. Consolidated operating income was decreased 17.2% for the year. For 2012, the company expects capital spending to be approximately $20 million. Effective tax rate to be approximately 38% to 40%.