Welcome to our dedicated page for Harte-Hanks news (Ticker: HHS), a resource for investors and traders seeking the latest updates and insights on Harte-Hanks stock.
Harte Hanks, Inc. reports news as a customer experience company serving clients through Revenue Solutions, Customer Care, and Fulfillment & Logistics Services. Company updates commonly cover quarterly and annual results, revenue trends by segment, EBITDA and adjusted EBITDA measures, cost controls, customer contract transitions, and operating initiatives such as Project Elevate.
Recurring developments also include customer care partnerships, data-driven marketing assets, healthcare marketing capabilities, leadership changes, and financing actions such as amendments to its asset-based revolving credit facility. Its Fulfillment & Logistics Services business includes printing, lettershop, mail optimization, logistics, transportation optimization, monitoring, and tracking for traditional and specialized mailings.
Harte Hanks (NASDAQ:HHS) has announced a collaboration with Outreach, a leading execution platform for intelligent revenue workflows. This partnership aims to deliver enhanced turnkey sales solutions by integrating their strengths in customer relationship management and end-user experiences. Harte Hanks will incorporate Outreach's platform into its Demand Generation in a Box product to improve client sales efforts.
The collaboration includes joint marketing initiatives and co-branded campaigns to reach a wider audience. Outreach's AI-powered platform, built on extensive sales data, helps revenue teams design, measure, and improve seller workflows. This partnership is expected to provide Harte Hanks with a competitive edge in delivering strategic expertise and cutting-edge technology for sales success.
Harte Hanks (NASDAQ:HHS) has appointed Sharona Sankar-King as its new Chief Customer and Data Officer. Sankar-King, joining from Bain & Company, brings extensive experience in customer engagement, marketing, and data analytics. She will be based in New York, reporting directly to CEO Kirk Davis.
Sankar-King's expertise includes leveraging data assets, expanding client relationships, and developing new solutions for growth. Her background spans consulting, customer success management, and advanced analytics across various industries. She has co-authored a Harvard Business Review article on Generative AI approaches and is recognized for helping companies implement AI strategies.
Prior to Bain, Sankar-King held leadership positions at BBDO, MEC (Wavemaker), Experian, and other prominent firms. She holds a Master of Applied Statistics from Columbia University and a Bachelor of Science in Psychology from Pennsylvania State University.
Harte Hanks (NASDAQ:HHS) reported Q2 2024 results, showing a 5.7% decrease in total revenues to $45.0 million compared to Q2 2023. The company ended the quarter with a cash balance of $11.0 million and no debt. Operating income was $1.4 million, down from $1.7 million in the same quarter last year. Harte Hanks recorded a net loss of $27.8 million, or $3.84 per share, primarily due to $38.2 million in pension termination charges.
Key highlights include the appointment of Sharona Sankar-King as Chief Customer and Data Officer, completion of sales transformation in April, and progress on cost-saving initiatives from Project Elevate. The company's Sales Services segment saw a 92.2% increase in revenue, while Customer Care and Marketing Services segments experienced declines.
Harte Hanks (NASDAQ:HHS), a global customer experience company, has announced it will release its second quarter 2024 financial results on August 8, 2024, after market close. The company will host a conference call and live webcast to discuss these results at 4:30 p.m. EDT on the same day. Interested parties can access the webcast online or join the conference call by dialing specific numbers for U.S. and international participants. A replay of the call will be available until August 22, 2024. This announcement provides investors and analysts with the opportunity to review Harte Hanks' financial performance and engage with company management.
Harte Hanks (NASDAQ:HHS), a global customer experience firm, announced it has finalized the termination of its Qualified Pension Plan I, effective August 2024. On June 18, 2024, the company signed formal commitment letters with Nationwide to provide pension benefits to its Plan I members. Harte Hanks made a one-time $6.1 million contribution and transferred $71.9 million of Plan I assets to Nationwide by June 24, 2024. This move will eliminate Harte Hanks' pension payment obligations from August 2024, improving cash flow and streamlining its balance sheet. David Garrison, CFO of Harte Hanks, emphasized the benefits of this partnership with Nationwide, highlighting their commitment to superior customer service.
Harte Hanks (NASDAQ:HHS), a century-old leader in customer experience solutions, has launched 'Demand Generation In a Box', a turnkey suite aimed at small and medium businesses. This all-in-one service combines data, sales, and marketing to generate high-quality leads and opportunities. The Essentials package starts at $10,000 and includes data, weekly reporting, campaign strategy, and digital prospecting. The offering is part of Harte Hanks' Elevate program to diversify products and expand its customer base. Demand Generation In a Box integrates seamlessly with existing processes and promises to launch campaigns within six weeks. The product will debut at the ENABLE360 event in London on June 25, 2024.
Harte Hanks, a global customer experience company, reported financial results for Q1 2024. The company aims for sustainable growth through leadership changes, AI integration, and new sales strategies. Revenue decreased by 3.5% to $45.4 million, resulting in an operating income of $0.4 million. The company ended the quarter with $11.5 million in cash and no debt, positioning itself for future growth.
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