Harte Hanks Q3 2024 Results Filed

TL;DR

Harte Hanks filed its Q3 2024 10-Q. Check financials for lease assets/liabilities.

AI Summary

Harte Hanks Inc. reported its third-quarter results for the period ending September 30, 2024. The company's financial statements indicate various assets and liabilities, including operating and finance lease right-of-use assets and liabilities. Specific dollar amounts and detailed financial performance metrics for the quarter are available within the full filing.

Why It Matters

This filing provides investors 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 is a routine quarterly filing (10-Q) that provides standard financial disclosures without immediate, significant new risks.

Key Numbers

• N/A — Revenue (Specific revenue figures for Q3 2024 are not directly extracted in this summary but are detailed in the filing.)
• N/A — Net Income (Specific net income figures for Q3 2024 are not directly extracted in this summary but are detailed in the filing.)
• N/A — Operating Lease Right-of-Use Asset (This asset class is mentioned, with detailed values available in the full financial statements.)
• N/A — Finance Lease Right-of-Use Asset (This asset class is mentioned, with detailed values available in the full financial statements.)
• N/A — Current Lease Liability (This liability is mentioned, with detailed values available in the full financial statements.)
• N/A — Noncurrent Lease Liability (This liability is mentioned, with detailed values available in the full financial statements.)

Key Players & Entities

• HARTE HANKS INC (company) — Filer
• 0000045919 (company) — Central Index Key
• 20240930 (date) — Period of Report
• 20241114 (date) — Filed as of Date

FAQ

Filing Documents

• hrth-20240930.htm (10-Q) — 1114KB
• a20240930ex311.htm (EX-31.1) — 10KB
• a20240930ex312.htm (EX-31.2) — 9KB
• a20240930ex321.htm (EX-32.1) — 5KB
• a20240930ex322.htm (EX-32.2) — 4KB
• 0000045919-24-000082.txt ( ) — 6044KB
• hrth-20240930.xsd (EX-101.SCH) — 35KB
• hrth-20240930_cal.xml (EX-101.CAL) — 79KB
• hrth-20240930_def.xml (EX-101.DEF) — 114KB
• hrth-20240930_lab.xml (EX-101.LAB) — 404KB
• hrth-20240930_pre.xml (EX-101.PRE) — 276KB
• hrth-20240930_htm.xml (XML) — 1132KB

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Comprehensive Income (Loss) (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 20

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 28

Legal Proceedings

Item 1. Legal Proceedings 28

Risk Factors

Item 1a. Risk Factors 28

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 29

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 29

Other Information

Item 5. Other Information 29

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 September 30, 2024 December 31, 2023 ASSETS (unaudited) Current assets Cash and cash equivalents $ 5,944 $ 18,364 Accounts receivable (less allowance for doubtful accounts of $ 54 and $ 474 at September 30, 2024 and December 31, 2023, respectively) 33,275 34,313 Contract assets and unbilled accounts receivable 9,260 7,935 Prepaid expenses 2,119 1,915 Prepaid income taxes and income tax receivable 1,758 1,758 Other current assets 1,467 928 Total current assets 53,823 65,213 Property, plant and equipment (less accumulated depreciation of $ 38,845 and $ 36,533 , respectively) 9,310 8,855 Right-of-use assets 22,926 25,417 Other assets Intangible assets, net 2,280 2,820 Goodwill 1,926 1,926 Deferred tax assets, net 17,128 17,268 Other long-term assets 734 1,258 Total other assets 22,068 23,272 Total assets $ 108,127 $ 122,757 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $ 20,880 $ 23,176 Accrued payroll and related expenses 4,476 5,615 Deferred revenue and customer advances 3,400 3,195 Customer postage and program deposits 1,430 1,815 Other current liabilities 2,995 9,495 Current portion of lease liabilities 3,762 4,815 Total current liabilities 36,943 48,111 Pension liabilities - Qualified plans 8,931 10,540 Pension liabilities - Nonqualified plan 17,968 18,630 Long-term lease liabilities, net of current portion 21,469 23,691 Other long-term liabilities 1,767 1,928 Total liabilities 87,078 102,900 Stockholders' equity Common stock, $ 1 par value, 25,000,000 shares authorized; 12,221,484 shares issued, 7,353,162 and 7,224,718 shares outstanding at September 30, 2024 and December 31, 2023, respectively 12,221 12,221 Additional paid-in capital 125,173 157,889 Retained earnings 817,057 844,920 Less treasury st

View Full Filing

View this 10-Q filing on SEC EDGAR