Manhattan Associates Inc Stock Price, News & Analysis

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.

Manhattan Associates has been named a Leader in The Forrester Wave™: Point-of-Service (POS) Solutions, Q4 2024 report, achieving the highest score possible in the most criteria among 9 evaluated vendors. The company received recognition for its strong store inventory management and store fulfillment capabilities, including in-store and curbside pickup.

Manhattan's unified commerce suite, Manhattan Active® Omni, combines Point of Sale, Order Management, Customer Engagement & Service, and Store Inventory & Fulfillment applications. This follows their previous recognition as the only Leader in The Forrester Wave™: Order Management Systems (OMS), Q2 2023 report, establishing their position as a unified commerce leader.

Manhattan Associates has been named a Leader in The Forrester Wave™: Point-of-Service (POS) Solutions, Q4 2024 report, achieving the highest score possible in the most criteria among 9 evaluated vendors. The company was particularly recognized for its strong store inventory management and store fulfillment capabilities. Manhattan delivers omnichannel customer experience through Manhattan Active® Omni, which unifies Point of Sale, Order Management, Customer Engagement & Service, and Store Inventory & Fulfillment applications. The company was also previously named the only Leader in The Forrester Wave™: Order Management Systems (OMS), Q2 2023 report.

WSI Supply Chain Solutions has implemented Manhattan Active® Warehouse Management across its ecommerce fulfillment centers. The cloud-native WMS implementation has resulted in measurable improvements in throughput volume and picking accuracy amid surging ecommerce and DTC demand. The system's AI-driven order allocation helps optimize pick density while providing visibility into performance metrics. The implementation has enabled WSI to streamline fulfillment processes, standardize operations, increase shipping reliability, and improve inventory accuracy.

Manhattan Associates announced successful results from its partnership with Hy-Vee, implementing Warehouse Management System (WMS), Transportation Management System (TMS), and Demand Forecasting and Inventory Optimization (DFIO) solutions. The implementation has optimized Hy-Vee's distribution network, improving warehouse productivity across three primary facilities, enhancing truck routing efficiency, and enabling better demand prediction. The DFIO solution particularly helped navigate market uncertainties during COVID-19 by distinguishing between regular demand and pandemic-related spikes, leading to more precise forecasts and improved purchasing decisions.

Giant Eagle has successfully implemented Manhattan Active® Warehouse Management (WM) in three of its distribution centers, transitioning from an on-premise system to a cloud-native solution. The company plans to shift its remaining four DCs by August 2025. The implementation process has been efficient, with each subsequent deployment completed faster than the previous one. The cloud-native WMS provides quarterly updates with new features and functionality, eliminating the need for traditional upgrades. Giant Eagle has also adopted Manhattan Active Transportation Management to optimize its logistics operations, combining both solutions for enhanced distribution, transportation, labor, and automation management.

Manhattan Associates (NASDAQ: MANH) reported record revenue and earnings for Q3 2024, with total revenue at $266.7 million, up from $238.4 million in Q3 2023. GAAP diluted EPS rose to $1.03 from $0.79, while non-GAAP adjusted EPS increased to $1.35 from $1.05. Cloud subscription revenue grew to $86.5 million from $65.0 million. GAAP operating income was $75.1 million, and adjusted operating income was $98.9 million. Cash flow from operations was $62.3 million. For the nine months ended September 30, 2024, total revenue was $786.6 million, with GAAP EPS at $2.74 and adjusted EPS at $3.55. The company repurchased 194,712 shares for $49.7 million in Q3 2024 and 831,111 shares for $198.1 million over nine months. Guidance for 2024 includes total revenue of $1.039-$1.041 billion and GAAP EPS of $3.47-$3.49.

Yusen Logistics, a global supply chain logistics company, has chosen Manhattan Active® Warehouse Management for its new UK distribution centre. The 1,191,000 square foot facility in Northampton, set to open in January 2026, will utilize cutting-edge automation technology. This decision builds on a 20-year partnership between Yusen and Manhattan Associates.

Manhattan Active Warehouse Management, a cloud-native solution built with API microservices, offers scalability, agility, and continuous innovation. It's designed to address challenges in automation, fulfilment, labour management, and yard operations. This implementation is part of Yusen's broader strategy towards a unified supply chain experience, integrating warehouse, transportation, yard, and labour management.

Manhattan Associates opened its annual EMEA Exchange event in Barcelona, showcasing the latest supply chain commerce innovations under the theme 'Make the impossible, possible'. The event, attended by over 350 customers and press, introduced Manhattan Active® Supply Chain Planning and Generative AI solutions: Manhattan Active® Maven and Manhattan Assist.

Key highlights included insights from customers such as Schneider Electric, Bestseller, L'Oréal, and Kramp, demonstrating how they're leveraging Manhattan's solutions to transform their supply chains. The event emphasized the company's vision of a unified supply chain ecosystem, with new solutions aimed at enhancing customer experience, personalization, productivity, and cost-savings.

Henri Seroux, senior vice president of Europe at Manhattan Associates, emphasized the event's unique opportunity for participants to explore and interact with peers while getting a first-hand look at technologies shaping the future of supply chain and commerce.