Mannatech Stock Price, News & Analysis

Al Bala, the President and CEO of Mannatech, has been elected to the Board of Directors of the Direct Selling Association (DSA). This is a significant recognition within the direct selling industry. Bala will serve a two-year term, aiming to promote integrity within the sector. He expressed gratitude for the opportunity, reflecting on his personal journey from factory worker to CEO. Mannatech, operational for over 25 years, focuses on health, weight management, fitness, and skincare products through its independent associates.

Mannatech (MTEX) announced a cash tender offer to purchase up to 211,538 shares of its common stock at $26.00 each. The offer aligns with the company's goal to maximize shareholder value, allowing for liquidity and enhanced future earnings potential for remaining shareholders. The tender offer is not contingent on financing and is subject to certain conditions outlined in the SEC filings. This announcement follows a closing share price of $19.84 on May 26, 2021, indicating an increase in value for those participating in the tender offer.

Mannatech (NASDAQ: MTEX) plans a cash tender offer to repurchase up to 211,538 shares of its common stock at a price of $26.00 per share. Georgeson Securities Corporation will manage the tender offer, with Georgeson LLC acting as the information agent and Computershare Trust Company serving as the depositary. The tender offer has not yet started, and there are no guarantees it will proceed as outlined. Shareholders are advised to review the forthcoming tender offer documentation carefully.

Mannatech announced a cash dividend of $0.16 per share, payable on June 14, 2021. Shareholders on record as of June 2, 2021 will receive this payment, highlighting the company’s commitment to shareholder value and long-term investment. President and CEO Alfredo Bala reaffirmed this dedication to delivering value to shareholders. Mannatech has been operating for over 25 years and is focused on health and wellness products, with a presence in 25 markets worldwide.

Mannatech reported a 4.7% increase in net sales, reaching $38.3 million in Q1 2021, up from $36.6 million in Q1 2020. Net income stood at $2.2 million, or $1.04 per diluted share, compared to $2.8 million, or $1.15 per diluted share, in the prior year. The gross profit margin improved to 81.2% from 80.9%. Although selling and administrative expenses rose slightly to $7.1 million, operating costs decreased by 4.4%. The first quarter also saw a 4.6% increase in recruitment, with approximately 19,538 new positions formed.

Mannatech, a global health and wellness company, reported fourth quarter 2020 net sales of $39.2 million, down 0.5% from $39.4 million in Q4 2019. Net income decreased to $0.7 million, or $0.34 per diluted share, from $2.1 million, or $0.87 per diluted share, a year earlier. Gross profit margin fell to 73.3%. For the year, net sales declined 4.0% to $143.3 million, while net income increased to $6.3 million. Notably, selling and administrative expenses decreased by 9.7% to $27.8 million. The company returned $9.3 million to shareholders through dividends and stock repurchases.

Mannatech, Incorporated (NASDAQ: MTEX) has declared a cash dividend of $0.16 per share, payable on March 30, 2021, to shareholders of record by March 16, 2021. This dividend reflects the company's commitment to shareholder value and encourages long-term investment. President and CEO Alfredo Bala emphasized the company's dedication to delivering value to shareholders. Mannatech operates in 25 markets worldwide, focusing on health, wellness, fitness, and skincare products.

Mannatech, a global health and wellness company, has declared a cash dividend of $1.16 per share of common stock, scheduled for payment on December 30, 2020. This amount includes a quarterly dividend of $0.16 and a special dividend of $1.00, reflecting the company's commitment to rewarding its shareholders. Shareholders of record as of December 16, 2020 will be eligible for this payment, emphasizing Mannatech's focus on encouraging long-term investment in its stock.

Mannatech, Incorporated (NASDAQ: MTEX) reported Q3 2020 net sales of $38.0 million, down 4.3% from $39.7 million in Q3 2019. However, income from operations rose to $1.4 million from $0.6 million year-over-year. Net income improved to $1.6 million, or $0.76 per diluted share, compared to a net loss of $1.5 million, or $0.62 per diluted share in the previous year. Gross profit margin decreased to 75.4% from 80.6%. Selling and administrative expenses also dropped by $2.3 million, primarily due to lower payroll and marketing costs. Recruitment increased by 13.7% from last year.