E2Open Parent Holdings Inc - ETWO STOCK NEWS

E2open (NYSE: ETWO) has released its latest Ocean Shipping Index report, revealing significant increases in global transit times. The report shows that global ocean shipments in Q4 2024 averaged 68 days, an increase of 8 days compared to Q4 2023.

Key findings include major delays in various shipping routes: Asia to Europe (+16 days YoY), with transit time contributing 12 days; South America to North America (+19 days YoY); and Europe to Asia (+11 days YoY). Routes between Asia and South America experienced the longest durations, averaging 85-86 days.

The increases are attributed to multiple factors including geopolitical tensions, Red Sea diversions, port congestion, and labor unrest. The report is based on e2open's network data, which manages over 70 million containers annually across 480,000 connected enterprises.

E2open Parent Holdings (NYSE: ETWO) has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Direct Spend Vendor Assessment. The recognition is based on IDC analysis and customer feedback, highlighting the company's integrated platform and multi-tier network capabilities.

The report emphasizes E2open's strength in integrating procurement processes from planning to execution and tracking, supported by a flexible solution platform. The company's direct procurement solutions include Supply Network Discovery, Supply Forecast Collaboration, Order Collaboration, and Buy-Sell Management with Dropship.

E2open's platform connects over 480,000 partners across multiple tiers of the supply chain, enabling organizations to align supply with demand, mitigate risks, and improve operational resiliency. The IDC MarketScape specifically recommends E2open for manufacturing organizations seeking both multi-enterprise network capabilities and robust supply chain management.

E2open Parent Holdings (NYSE: ETWO) has appointed Susan E. Bennett as its permanent Chief Legal Officer (CLO) and Secretary, following her interim role as EVP, general counsel and secretary since May 2024. Bennett brings over 25 years of experience in global legal affairs and will oversee legal, contracts, risk management, information security, and compliance areas.

Prior to joining e2open, Bennett served as CLO at Circana (previously IRI) for nearly 10 years and held the position of SVP, general counsel and secretary at Culligan International Company. She is a double graduate of the University of Iowa, where she currently serves as co-chair of the Together Hawkeyes Capital Campaign and chair emerita of the Alumni Leadership Council.

E2open (NYSE: ETWO) reported fiscal Q3 2025 results with GAAP subscription revenue of $132.0 million, showing a slight decrease of 0.6% year-over-year. Total revenue was $151.7 million, down 3.7% from the previous year.

The company reported a GAAP net loss of $381.6 million and adjusted EBITDA of $53.6 million with a 35.3% margin. GAAP EPS was a loss of $1.12, while adjusted EPS was $0.05.

E2open has updated its fiscal 2025 guidance, expecting GAAP subscription revenue between $526-529 million and total GAAP revenue of $607-611 million. The company maintains its adjusted EBITDA guidance at approximately $215 million with a 35% margin.

The company announced two new executive appointments: Pawan Joshi as chief strategy officer and Rachit Lohani as chief product and technology officer, aiming to accelerate innovation and strategic client engagement.

E2open (NYSE: ETWO) has been named a Leader in three IDC MarketScape Worldwide Supply Chain Planning assessments for 2024: Overall, Process Industries, and Distribution Industries. The recognition highlights e2open's strengths in providing a comprehensive supply chain planning platform with integrated multi-enterprise commerce network capabilities.

IDC's research director Eric Thompson emphasized e2open's network-based platform's ability to support large, global organizations in digital transformations. The company's key strengths include probabilistic and deterministic forecasting, an integrated multi-enterprise commerce network, broad-based supply chain tools, and field-proven AI/ML algorithms.

The IDC MarketScape research underscores the critical importance of supply chain functionality in realizing business aspirations, particularly given the global disruptions of the past five years. E2open's approach focuses on comprehensive planning beyond traditional forecasting and supply balancing, addressing the complexities of modern supply chains with outsourced manufacturing, distribution partners, and third-party logistics providers.

E2open Parent Holdings (NYSE: ETWO) has rescheduled its fiscal third quarter 2025 financial results announcement from January 9 to Friday, January 10, 2025, before U.S. market open. The change is due to the observance of the National Day of Mourning for former President Jimmy Carter.

The company will host a conference call at 8:30 a.m. Eastern Time on January 10 to discuss financial results and business highlights. Investors can access the call via phone (888-506-0062 domestic; 973-528-0011 international; Conference ID: 588291) or through a live webcast on the company's investor relations website. A replay will be available through January 23, 2025.

E2open (NYSE: ETWO) has announced key executive appointments to strengthen its supply chain software platform. Pawan Joshi, a 22-year company veteran, has been promoted to the newly created position of Chief Strategy Officer (CSO), where he will drive corporate strategy and growth through strategic client engagement and innovation. Rachit Lohani joins as Chief Product and Technology Officer (CPTO), overseeing product management, engineering, and technology.

Lohani brings over 20 years of experience, previously serving as CTO at Paylocity and holding leadership positions at Atlassian, Intuit, and AOL. These appointments aim to enhance E2open's client-centric focus, accelerate growth, and advance the company's industry-leading position in supply chain solutions.

E2open Parent Holdings (NYSE: ETWO), a connected supply chain SaaS platform provider, has announced it will release its fiscal third quarter 2025 financial results after U.S. market close on Thursday, January 9, 2025. Management will host a conference call at 5:00 p.m. Eastern Time to discuss financial results and business highlights. The call will be accessible via phone and webcast, with replay options available through January 23, 2025.

Freightos (NASDAQ: CRGO) has officially launched its integration with e2open, embedding WebCargo air cargo eBooking into e2open's Transportation Management System (TMS). The integration enables freight forwarders to access real-time air freight rates and make instant bookings directly within the TMS platform, eliminating manual processes and context switching. Crane Worldwide Logistics is among the global logistics providers testing the system, which aims to streamline operations and improve response time to client needs through automated, real-time access to rates and bookings.