Manhattan Associates Inc - MANH STOCK NEWS

Manhattan Associates has implemented its Manhattan SCALE™ warehouse management solution at Daikin's new distribution center in Sydney, enhancing operational efficiency. This facility, the largest air conditioning warehouse in Australia, consolidates six centers into a central hub. With the new system, Daikin has improved visibility across its supply chain, managing an outbound volume of 9,000 orders daily and achieving significant cost savings. The upgrade allows for optimized delivery management and precise customer communication, crucial during the pandemic's challenges.

Manhattan Associates reported impressive Q3 2021 results, achieving consolidated revenue of $169.2 million, up from $149.8 million in Q3 2020. The company’s GAAP diluted EPS rose to $0.57 from $0.39, while adjusted diluted EPS increased to $0.71 from $0.51. RPO bookings surged 123% year over year, showcasing strong demand. Manhattan raised its full-year revenue guidance to a range of $653-$655 million, reflecting 11%-12% growth. The company maintains a positive outlook amid global volatility, projecting RPO milestones of $1 billion by 2022.

Manhattan Associates (NASDAQ: MANH) has partnered with Via Varejo, Brazil's largest electronics and furniture retailer, to implement a cloud-native Warehouse Management System (WMS). The pilot program was successfully completed in Q3 2021, with plans for a full rollout across 25 distribution centers by year-end 2022. Via Varejo's extensive supply chain and omnichannel operations necessitate a robust WMS to handle complex distributions, servicing 1,000 stores and processing millions of orders weekly.

Manhattan Associates (NASDAQ: MANH) announced it will release its third quarter 2021 financial results on October 26, 2021, after market close. A subsequent conference call, led by senior management, is scheduled for 4:30 p.m. ET on the same day. Investors can access the live webcast through the company's investor relations section. A recorded replay will be available shortly after the call for two weeks.

Manhattan Associates is a leader in supply chain and omnichannel commerce technology, providing innovative solutions for enhanced profitability.

Manhattan Associates (NASDAQ: MANH) announces a partnership with Imperfect Foods to implement Manhattan Active Warehouse Management, enhancing distribution operations and supporting growth. The implementation targets a pilot distribution center in San Antonio, Texas, set to complete in Q4 2021. Imperfect Foods, founded to reduce food waste, seeks improved inventory visibility and operational efficiency through this robust, cloud-native solution. This partnership aligns with Imperfect Foods' commitment to sustainability, including a goal to achieve net-zero carbon by 2030.

On September 8, 2021, Manhattan Associates (NASDAQ: MANH) appointed Ann Sung Ruckstuhl as Senior Vice President and Chief Marketing Officer. Ruckstuhl, with over 20 years in tech marketing, previously held top positions at major companies like eBay and Unisys. She is expected to enhance Manhattan's market presence in supply chain and omnichannel solutions, driving growth and brand awareness. President and CEO Eddie Capel praised her strategic marketing skills and successful track record in generating significant revenue.

Manhattan Associates (NASDAQ: MANH) announced a partnership with RaiaDrogasil, Brazil's leading pharmacy, to implement Manhattan Active Transportation Management. The system aims to enhance logistics operations across RaiaDrogasil's distribution centers, optimizing ecommerce fulfillment and store replenishment. The first phase will be completed in 10 weeks at the São Paulo distribution center in Q4 2021. With 11 distribution centers and over 2,300 stores, RaiaDrogasil is set to improve supply chain efficiency through advanced planning features offered by Manhattan Active.

Manhattan Associates (NASDAQ: MANH) has partnered with C&A, a leading fashion retailer, to implement its Manhattan Active Warehouse Management system across five Brazilian distribution centers by 2022. This initiative began with C&A's ecommerce fulfillment center in São Paulo, designed to support the retailer's growing online business, which saw a 300% growth in 2020. The cloud-native system is expected to enhance supply chain speed and improve inventory management, ultimately leading to better customer experiences.

Manhattan Associates reported strong Q2 2021 results, with revenue reaching $166.1 million, a 22.5% increase from Q2 2020. GAAP diluted EPS rose to $0.48 from $0.30 year-over-year. The company achieved a remarkable 117% surge in RPO bookings, totaling $489 million, driven by increased demand for its cloud solutions. Manhattan has raised its full-year guidance, expecting revenue of $643-$650 million and GAAP EPS of $1.50-$1.56. Cash flow from operations was $45.5 million for Q2, while share repurchases amounted to $32.9 million.