Mannatech Reports Lower Earnings, Flat Revenue in Q4

Mannatech Inc. (MTEX—NASDAQ) on Tuesday said earnings slipped in the fourth quarter from the same period a year ago.

The nutrition company, which ties its business to fighting childhood hunger through the M5M (Mission 5 Million) Foundation, reported income of $1.5 million, or 56 cents a share, versus $1.9 million, or 68 cents a share, in the fourth quarter of 2014.

Bolstered by sales growth in the Asia-Pacific region, quarterly revenue edged up 0.2 percent to $45.3 million, compared to analyst estimates of $45.20 million. Management said the results were hurt by currency rates and new product launches.

For the year, revenue fell 5.2 percent to $180.3 million, taking an $11.8 hit from currency fluctuations. The bottom line decreased to $5.8 million, or $2.14 a share, from $6.5 million, or $2.40 a share, in 2014. Management said the company closed out the year with $32.0 million in cash, up from $28.0 million a year ago.

Also in 2015, orders of Mannatech nutrition products triggered donations of more than $1 million to the M5M Foundation, which the company founded last year in its transition to a social entrepreneurship model. The donations funded 17 million servings of the company’s nutrient-dense PhytoBlend product, feeding more than 48,000 malnourished children in nine countries on a daily basis.

Advertisements

About Direct Selling News
Direct Selling News Magazine has been serving direct selling and network marketing executives since 2004. Each issue of Direct Selling News offers content on topics that shape the dynamics of our industry.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: