Harte Hanks Files Q2 2024 10-Q
Ticker: HHS · Form: 10-Q · Filed: Aug 9, 2024 · CIK: 45919
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials, leases
TL;DR
Harte Hanks dropped its Q2 2024 10-Q, check lease liabilities.
AI Summary
Harte Hanks Inc. reported its Q2 2024 results on August 9, 2024. The company's financial statements for the period ending June 30, 2024, are detailed in this 10-Q filing. Key financial data, including lease obligations, are presented, with links to specific sections of their website for further details on operating and finance lease right-of-use assets and liabilities.
Why It Matters
This filing provides investors and analysts with the latest financial performance and position of Harte Hanks Inc., crucial for understanding the company's operational health and future prospects.
Risk Assessment
Risk Level: low — This filing is a standard quarterly report and does not contain immediate, significant negative news.
Key Numbers
- N/A — Revenue (Specific revenue figures are not directly extracted in this summary.)
- N/A — Net Income (Specific net income figures are not directly extracted in this summary.)
- N/A — Lease Liabilities (Details on operating and finance lease liabilities are available via website links.)
Key Players & Entities
- HARTE HANKS INC (company) — Filer
- 0000045919-24-000062 (filing_id) — Accession Number
- 20240630 (date) — Period of Report
- 20240809 (date) — Filing Date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the second quarter of 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20240809.
What is the company's primary business according to the filing?
The company is classified under SERVICES-DIRECT MAIL ADVERTISING SERVICES [7331].
Where is Harte Hanks Inc. headquartered?
The business address is 1 EXECUTIVE DRIVE, SUITE 303, CHELMSFORD, MA 01824.
What specific financial details are highlighted with website links?
The filing includes links to details regarding Operating and Finance Lease Right Of Use Asset and Operating and Finance Lease Liability (Current and Noncurrent).
Filing Stats: 4,658 words · 19 min read · ~16 pages · Grade level 17.1 · Accepted 2024-08-09 16:20:18
Filing Documents
- hrth-20240630.htm (10-Q) — 1121KB
- a20240630ex311.htm (EX-31.1) — 10KB
- a20240630ex312.htm (EX-31.2) — 9KB
- a20240630ex321.htm (EX-32.1) — 5KB
- a20240630ex322.htm (EX-32.2) — 4KB
- 0000045919-24-000062.txt ( ) — 6139KB
- hrth-20240630.xsd (EX-101.SCH) — 36KB
- hrth-20240630_cal.xml (EX-101.CAL) — 80KB
- hrth-20240630_def.xml (EX-101.DEF) — 117KB
- hrth-20240630_lab.xml (EX-101.LAB) — 410KB
- hrth-20240630_pre.xml (EX-101.PRE) — 280KB
- hrth-20240630_htm.xml (XML) — 1159KB
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) 4 Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) 5 Condensed Consolidated Statements of Cash Flows (Unaudited) 6 Notes to Condensed Consolidated Financial Statements (Unaudited) 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 21
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 28
Controls and Procedures
Item 4. Controls and Procedures 28
OTHER INFORMATION
PART II. OTHER INFORMATION 29
Legal Proceedings
Item 1. Legal Proceedings 29
Risk Factors
Item 1a. Risk Factors 29
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 30
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 30
Other Information
Item 5. Other Information 30
Exhibits
Item 6. Exhibits 30 2 Table of Contents PART 1. FINANCIAL INFORMATION
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements Harte Hanks, Inc. and Subsidiaries Condensed Consolidated Balance Sheets In thousands, except shares and per share amounts June 30, 2024 December 31, 2023 ASSETS (unaudited) Current assets Cash and cash equivalents $ 10,974 $ 18,364 Accounts receivable (less allowance for doubtful accounts of $ 14 and $ 474 at June 30, 2024 and December 31, 2023, respectively) 30,564 34,313 Contract assets and unbilled accounts receivable 8,119 7,935 Prepaid expenses 2,330 1,915 Prepaid income taxes and income tax receivable 1,758 1,758 Other current assets 1,292 928 Total current assets 55,037 65,213 Property, plant and equipment (less accumulated depreciation of $ 37,701 and $ 36,533 , respectively) 8,430 8,855 Right-of-use assets 23,896 25,417 Other assets Intangible assets, net 2,460 2,820 Goodwill 1,926 1,926 Deferred tax assets, net 17,131 17,268 Other long-term assets 853 1,258 Total other assets 22,370 23,272 Total assets $ 109,733 $ 122,757 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $ 20,248 $ 23,176 Accrued payroll and related expenses 4,410 5,615 Deferred revenue and customer advances 3,484 3,195 Customer postage and program deposits 1,318 1,815 Other current liabilities 2,808 9,495 Current portion of lease liabilities 4,134 4,815 Total current liabilities 36,402 48,111 Pension liabilities - Qualified plans 9,766 10,540 Pension liabilities - Nonqualified plan 18,190 18,630 Long-term lease liabilities, net of current portion 22,291 23,691 Other long-term liabilities 2,476 1,928 Total liabilities 89,125 102,900 Stockholders' equity Common stock, $ 1 par value, 25,000,000 shares authorized; 12,221,484 shares issued, 7,279,945 and 7,224,718 shares outstanding at June 30, 2024 and December 31, 2023, respectively 12,221 12,221 Additional paid-in capital 145,703 157,889 Retained earnings 816,915 844,920 Less treasury stock, 4,941,541