Welcome to our dedicated page for Mannatech news (Ticker: MTEX), a resource for investors and traders seeking the latest updates and insights on Mannatech stock.
Mannatech reports recurring developments for a global health and wellness company that develops, markets and sells nutritional supplements, topical and skin care products, anti-aging products and weight-management products. The company distributes through a global network of independent associates and members, with operations across the Americas, EMEA and Asia/Pacific and a separate cross-border e-commerce platform in China.
Company news commonly covers quarterly and annual financial results, net sales trends, gross margin, commissions, foreign currency effects, regional demand, supply chain costs and changes in independent associate and preferred customer activity. Updates also include shareholder meeting results, executive and operating leadership changes, and product or brand-related communications tied to Mannatech's wellness business.
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.