E2open Parent Holdings, Inc. - ETWO STOCK NEWS

E2open's Ocean Shipping Index reveals significant increases in global ocean shipment durations, with average times rising from 58 days in Q3 2023 to 68 days in Q3 2024. The report highlights a 10-day year-over-year increase in global shipping times, primarily due to geopolitical unrest and port congestion. Notable increases include an 18-day surge in Asia-Europe routes (reaching 80 days) and 12-day increases in Europe-Asia routes (83 days). The index, based on data from over 480,000 connected enterprises managing 70+ million containers annually, identifies ongoing conflicts, extreme weather, and potential labor strikes as key factors affecting maritime transportation.

E2open Parent Holdings, Inc. (NYSE: ETWO) announced financial results for its fiscal second quarter ended August 31, 2024. GAAP subscription revenue was $131.6 million, a 2.3% decrease year-over-year. Total GAAP revenue was $152.2 million, down 4.0%. The company reported a GAAP net loss of $32.9 million and Adjusted EBITDA of $54.9 million, with a 36.1% margin.

E2open updated its fiscal year 2025 guidance, projecting GAAP subscription revenue between $526 million and $532 million, reflecting a negative 1.5% organic growth rate at the mid-point. Total GAAP revenue is expected to be in the range of $607 million to $617 million. The company is focusing on improving client retention, sales execution, and implementation excellence to build revenue momentum.

E2open Parent Holdings, Inc. (NYSE: ETWO) has released its 2024 Forecasting and Inventory Benchmark Study at its annual Connect customer conference. The study provides an extensive analysis of supply chain performance throughout the COVID-19 pandemic, offering insights from 2019 to 2023. Key findings include:

1. Consumer demand surged initially but normalized by 2023.
2. Manufacturers streamlined product offerings, focusing on fewer, more efficient items.
3. Planning errors for slow-moving items increased significantly.
4. AI-driven demand sensing consistently reduced forecast error by one-third compared to traditional methods.
5. Companies using multi-echelon inventory optimization with demand sensing reduced safety stock by 40-50%.

The study aims to equip businesses with insights to enhance decision-making and build resilience against future disruptions in the supply chain.

E2open Parent Holdings, Inc. (NYSE: ETWO), a leading provider of connected supply chain SaaS platforms, has announced its plans to report fiscal second quarter 2025 financial results on Wednesday, October 9, 2024, after the U.S. financial markets close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results and other business highlights.

Investors and interested parties can access the call by dialing 888-506-0062 (domestic) or 973-528-0011 (international) with the conference ID 101565. A live webcast will also be available on the company's website. For those unable to attend, a replay will be accessible until October 23, 2024, using specific dial-in numbers and a replay passcode.

E2open Parent Holdings, Inc. (NYSE: ETWO) has released its latest Ocean Shipping Index, revealing significant increases in global ocean shipment transit times. The report shows:

1. Global average shipment duration increased to 66 days, an 8-day increase year-over-year.

2. Actual transit time increased by 5 days compared to Q2 2023.

3. Notable increases in shipping lanes: South America to Asia (87 days, up 15 days), Asia to Europe (75 days, up 14 days), and Europe to Asia (84 days, up 11 days).

The index, based on e2open's network data of over 480,000 connected enterprises and 70 million containers, provides insights for shippers to adapt to ongoing disruptions in ocean shipping.

E2open reported its fiscal first quarter 2025 results, with GAAP subscription revenue at $131.4 million, within the guidance range but a decrease of 2.6% year-over-year. Total GAAP revenue was $151.2 million, down 5.6% from the previous year. GAAP gross profit was $72.7 million, an 8.5% decline, and GAAP net loss was $42.8 million, improving from a $360.9 million loss last year. Adjusted EBITDA was $50.7 million, down 5.7%, with a margin of 33.6%.

E2open emphasized its ongoing strategy to boost organic growth and client retention, with significant long-term contracts and new subscription business secured. Strategic review efforts continue, with results expected soon. The company reiterated its fiscal 2025 guidance, projecting flat GAAP subscription revenue growth and a 0.5% increase in total GAAP revenue year-over-year.

Key achievements include a new global trade program with a top retailer, major client contract renewals, and the launch of the Supply Network Discovery solution.

E2open (NYSE: ETWO), a leading connected supply chain SaaS platform, has published its 2024 Sustainability Report. The report provides insights into the company's ESG (Environmental, Social, and Governance) strategies for the fiscal year March 1, 2023, through February 29, 2024. CEO Andrew Appel emphasizes E2open's role in helping companies manage supply chains efficiently and sustainably. The report details initiatives in four key areas: Platform, People, Planet, and Policy. Highlights include advancing supply chain compliance and efficiency, promoting diversity and inclusion, enhancing emissions tracking, and maintaining robust governance structures. E2open also introduced its first Charitable Giving Week, focusing on community support and volunteerism.

E2open Parent Holdings has launched the Scheduling Standards Consortium (SSC) Appointment Scheduling API, aiming to enhance efficiency and collaboration within the supply chain. This API is part of the 24.2 quarterly update for E2open's Transportation Management Solution (TMS). It enables carriers and shippers to optimize and automate dock scheduling, reducing manual work and lead times. Formed in December 2022, the SSC aims to standardize scheduling interfaces to streamline communication among logistics stakeholders. The API offers real-time insights, cost savings, and enhanced compliance for users, while also simplifying integration through standardized connections.

E2open Parent Holdings (NYSE: ETWO) will release its fiscal first quarter 2025 financial results on July 10, 2024, after U.S. stock market closing.

A conference call will follow at 5:00 p.m. Eastern Time to discuss the results and business highlights.

Domestic callers can join by dialing 888-506-0062 and international callers by dialing 973-528-0011, using conference ID 721473.

A live webcast of the call will be available on E2open's Investor Relations webpage, with a replay accessible until July 24, 2024.