Harte-Hanks, Inc. Reports Q3 2024 Earnings Amid Pension Costs

Harte-Hanks, Inc. ( (HHS) ) has released its Q3 earnings. Here is a breakdown of the information Harte-Hanks, Inc. presented to its investors.

Harte-Hanks, Inc. is a global customer experience company operating in the marketing services, customer care, sales services, and fulfillment and logistics sectors, with offices in North America, Asia-Pacific, and Europe. In its latest earnings report for the third quarter of 2024, Harte-Hanks reported a slight increase in revenue compared to the same period last year, reaching $47.63 million. Despite the increase in revenue, the company faced a net loss of $27.86 million over the nine months ending September 30, 2024, largely due to substantial pension plan termination charges. Operating income for the third quarter was $1.9 million, a decrease from $2.914 million in the third quarter of 2023. The company noted significant pension plan termination charges that impacted their financial results, with a charge of $37.5 million in the nine-month period. However, Harte-Hanks has managed to maintain its cash flow from operations, albeit with a decrease compared to the previous year. Looking forward, Harte-Hanks remains focused on optimizing its operational efficiency and enhancing its strategic offerings across various service lines, despite the financial challenges faced during this period.