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Last $18.00 USD
Change Today -0.09 / -0.50%
Volume 19.2K
As of 7:40 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

mannatech inc (MTEX) Key Developments

Mannatech Inc Elects Linda K. Ferrell to its Board

Mannatech Inc. elected Linda K. Ferrell to its board.

Mannatech, Incorporated Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Mannatech, Incorporated reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of USD 44,370,000 against USD 42,963,000 a year ago. Income from operations was USD 2,511,000 against USD 1,379,000 a year ago. Income before income taxes was USD 1,609,000 against USD 1,044,000 a year ago. Net income was USD 1,099,000 or USD 0.40 diluted earnings per share against net income of USD 228,000 or USD 0.08 diluted loss per share a year ago. Operating income was USD 2.5 million as compared to operating income of USD 1.4 million for the first quarter of 2014. The increase in operating income was attributable to the improvement in cost of sales as a percentage of net sales to 19.3% from 21.9% for the same period in 2014 due to a reduction in the charge of inventory obsolescence. Net cash inflow was approximately USD 400,000 as compared to a net cash outflow of USD 220,000 for the same period of 2014. The company invested approximately USD 787,000 in property and equipment and repaid approximately USD 369,000 in capital lease obligations during the first quarter 2015 as compared to approximately USD 123,000 invested in property and equipment and capital lease payments of approximately USD 266,000 in the same period of 2014. Cash flow from operating activities was a USD 1.2 million inflow as compared to a USD 93,000 outflow during the same period in 2014.

Mannatech, Incorporated, Q1 2015 Earnings Call, May 13, 2015

Mannatech, Incorporated, Q1 2015 Earnings Call, May 13, 2015

Mannatech, Incorporated Appoints Linda K. Ferrell, Ph.D. to Board of Directors

Mannatech, Incorporated announced the appointment of Linda K. Ferrell, Ph.D. to its Board of Directors. As a member of Mannatech’s Board of Directors, Dr. Ferrell joins a strong team responsible for helping lead and manage the strategic direction of the company, overseeing Mannatech’s current initiatives and making decisions on the shareholders’ behalf. Previously, Dr. Ferrell has served on the Board of the National Association of State Boards of Accountancy, Center for the Public Trust; the Board of Directors and Executive Committee for the Direct Selling Education Foundation, in the Doris Christopher endowed board seat; and the Cutco/Vector College Advisory Board.

Mannatech, Incorporated, Annual General Meeting, May 28, 2015

Mannatech, Incorporated, Annual General Meeting, May 28, 2015., at 09:00 Central Standard Time. Location: Grapevine Convention Center in Grapevine. Agenda: To elect Messrs. Gerald E. Gilbert, Larry A. Jobe, and Marlin Ray Robbins as Class I directors; to ratify the appointment of BDO USA, LLP as independent registered public accounting firm, for the year ending December 31, 2015; to hold an advisory vote on executive compensation (Say-on-Pay); and to act upon such other matters as may properly come before annual meeting.


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