Harte-Hanks Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012; Reports Impairment of Goodwill and Other Intangibles for the Second Quarter Ended June 30, 2012; Provides Tax Rate Guidance for the Year 2012
August 02, 2012 at 07:00 am EDT
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Harte-Hanks Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, operating Revenue was $199,137,000 against $213,047,000 a year ago. Operating loss was $152,665,000 against operating income of $16,546,000 a year ago. Loss before income taxes was $153,918,000 against income before income taxes of $15,514,000 a year ago. Net loss was $109,705,000 or $1.74 per basic share against net income of $9,425,000 or $0.15 per basic share a year ago. EBITDA was $18,619,000 against $21,909,000 a year ago. Capital expenditures were $2,582,000 against $7,036,000 a year ago. Free cash flow was $11,077,000 against $8,799,000 a year ago. Net debt balance was $82 million versus $92.7 million at December 31, 2011, a reduction of $9.3 million.
For the six months, operating Revenue was $394,309,000 against $413,353,000 a year ago. Operating loss was $139,733,000 against operating income of $30,865,000 a year ago. Loss before income taxes was $142,631,000 against income before income taxes of $28,624,000 a year ago. Net loss was $102,912,000 or $1.63 per basic share against net income of $17,342,000 or $0.27 per basic share a year ago. EBITDA was $37,091,000 against $41,597,000 a year ago. Capital expenditures were $5,636,000 against $11,408,000 a year ago. Free cash flow was $20,954,000 against $18,371,000 a year ago.
For the second quarter ended June 30, 2012, the company reported, impairment of goodwill and other intangibles was of $165,336,000.
For 2012, the company expects effective tax rate, excluding impairment charges, 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 Second Quarter and Six Months Ended June 30, 2012; Reports Impairment of Goodwill and Other Intangibles for the Second Quarter Ended June 30, 2012; Provides Tax Rate Guidance for the Year 2012