Manhattan Associates Inc Stock Price, News & Analysis

Manhattan Associates (NASDAQ: MANH) announced a significant leadership transition as President and CEO Eddie Capel will retire effective February 12, 2025, moving to the role of Executive Vice-Chairman of the Board. Eric Clark, current CEO of NTT Data North America, will succeed Capel as CEO and join Manhattan's Board.

Capel, who joined Manhattan in 2000 and became CEO in 2013, led the company to become a leading global technology provider in supply chain and omnichannel commerce. Clark brings extensive experience from leadership positions at NTT Data Services, ServiceNow, Dell, Hewlett Packard Enterprise, and other major technology companies.

The transition follows a comprehensive 24-month CEO succession planning process. Manhattan Associates will hold a live webinar discussing the transition on February 12, 2025, hosted by Truist Securities.

Manhattan Associates (NASDAQ: MANH) reported strong Q4 2024 results with revenue of $255.8 million, up from $238.3 million in Q4 2023. Cloud subscription revenue grew significantly to $90.3 million from $71.4 million year-over-year. The company achieved a milestone by surpassing $1 billion in total revenue for 2024.

Q4 2024 GAAP diluted EPS was $0.77, while adjusted EPS reached $1.17. Full-year 2024 GAAP diluted EPS was $3.51, with adjusted EPS at $4.72. The company demonstrated strong cash flow from operations at $104.7 million for Q4 and $295.0 million for the full year.

For 2025, Manhattan Associates projects revenue between $1,060-$1,070 million, representing 2-3% growth. The company plans a restructuring in January 2025, eliminating about 100 positions due to macro-economic uncertainty.

Manhattan Associates (NASDAQ: MANH) has been named a Leader in the 2025 Forrester Wave™ for Order Management Systems (OMS), achieving the highest possible score in 20 out of 27 criteria among eight evaluated solutions. Manhattan Active® Omni stands out as the only solution offering native RFID capabilities in store, a Fulfillment Insights dashboard for real-time peer performance comparison, and the Postgame Spotlight feature for identifying inventory allocation issues.

Major retailers including PacSun, Groupe Dynamite, Brooks Brothers, Skechers, Michaels and At Home are utilizing Manhattan's order management system to transform their stores into sophisticated fulfillment centers, enhancing revenue through improved inventory visibility, reducing delivery costs, and building customer loyalty through controlled fulfillment experiences.

Duluth Trading Company has implemented Manhattan Active® Omni to enhance its omnichannel fulfillment capabilities and improve inventory management. The implementation includes Manhattan Active Order Management and Manhattan Active Store Inventory & Fulfillment solutions, which will integrate inventory across four distribution centers, 65 stores, and digital platforms.

The retailer aims to reach $1 billion in sales by the end of 2025, with this enhanced inventory strategy playing a important role. The new system will analyze key variables like distance to customer, store sell-through rates, and out-of-stocks to determine optimal order fulfillment methods. Store associates will use Manhattan's capabilities to maintain accurate inventory levels and improve order fulfillment accuracy.

Manhattan Associates (NASDAQ: MANH) has launched Postgame Spotlight, a new analytics tool designed to optimize fulfillment performance through real-time dashboard analytics. The solution, part of Manhattan Active® Order Management, analyzes inventory allocation and placement decisions that affect order fulfillment efficiency.

The tool calculates the percentage of orders fulfilled from optimal locations and identifies factors forcing diversions to alternate sites. It examines elements impacting fulfillment effectiveness, including inventory placement, store resource capacity, and service level discrepancies. The solution provides actionable recommendations to inventory planners to eliminate deployment mistakes and reduce fulfillment costs.

This release complements Manhattan's previously introduced Fulfillment Insights capability, offering retailers both peer comparison capabilities and internal performance optimization opportunities.

Manhattan Associates (NASDAQ: MANH) has announced it will release its fourth quarter 2024 financial results on Tuesday, January 28, 2025, after market close. The announcement will be followed by a conference call with senior management at 4:30 p.m. Eastern time.

Investors can access a live webcast through the Investor Relations section at ir.manh.com. Those unable to attend can access a replay by dialing +1-877-660-6853 (U.S./Canada) or +1-201-612-7415 (international) with Access I.D. 13750866. The phone replay will be available for two weeks, while the internet broadcast will remain accessible until the first quarter 2025 earnings release.

Manhattan Associates (NASDAQ: MANH) announced that the Army & Air Force Exchange Service has successfully implemented Manhattan Active Maven, a GenAI-powered chatbot, to enhance customer service operations. The Exchange, which has been using Manhattan Active Omni since 2019 for order fulfillment, deployed the new AI solution to handle customer inquiries including shipping status, order changes, cancellations, returns, and exchanges.

The chatbot has significantly reduced the volume of inquiries handled by human agents, with Manhattan estimating time savings of up to 30 seconds per interaction. The implementation was completed in just a few weeks and has helped improve customer satisfaction rates and net promoter scores. The solution's integration with Manhattan Active Omni platform enables immediate automation of customer service inquiries without requiring additional integration or extensive configuration.

Lamps Plus, the nation's leading specialty lighting retailer, has implemented Manhattan's Demand Forecasting and Inventory Optimization solution (DFIO) to enhance forecast accuracy and replenishment visibility. The implementation was completed in under six months at their West Coast fulfillment center, serving both ecommerce and 31 retail stores.

The solution includes Unified Forecasting Method and advanced statistical modeling, utilizing data analytics, machine learning, and AI. A second fulfillment center on the East Coast will implement DFIO in the first half of 2025. The system will help Lamps Plus manage seasonal demand and maintain optimal inventory levels while reducing operational costs.

KLLM Transport Services, one of the largest temperature-controlled truckload carriers in the U.S., has selected Manhattan Associates' (NASDAQ: MANH) Carrier Management Suite to optimize its fleet operations. Building on their 15+ year relationship and success with Manhattan's Fuel&Route® solution, KLLM is expanding its implementation to include Drop&Swap®, Driver&Load®, and Load Analyzer® solutions.

The expanded suite aims to help KLLM decrease costs, increase revenue, maximize equipment utilization, reduce empty miles, and book more profitable freight. The Driver&Load solution will focus on reducing deadhead miles and unused driver hours, while Drop&Swap will improve load rescue efficiency. Load Analyzer will optimize freight booking by matching supply with demand using real-time and forecasted data.