Harte-Hanks Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2011; Provides Earnings Guidance for the Year 2012
January 31, 2012 at 08:00 am EST
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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%.
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 Fourth Quarter and Year Ended December 31, 2011; Provides Earnings Guidance for the Year 2012