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Manhattan Associates Inc. (NASDAQ: MANH) is a global leader in supply chain, inventory, and omnichannel solutions. Established in 1990, the company has provided innovative software solutions to over 1,200 customers worldwide, including retailers, wholesalers, manufacturers, and logistics providers. Through its advanced cloud-native technology, Manhattan Associates maximizes warehouse efficiency, ensuring timely delivery and smarter orchestration of orders.
Recently, Manhattan Associates announced a strategic partnership with TeamViewer, a leading provider of remote connectivity and digitalization solutions. This collaboration aims to integrate TeamViewer's vision picking technology with Manhattan Active Warehouse Management (MAWM) platform, enhancing warehouse operations with augmented reality for improved accuracy and efficiency.
Financially, Manhattan Associates has remained debt-free since its inception and continues to invest in the latest technologies such as AI, machine learning, and robotics. The company's robust financial health allows it to innovate continually and offer cutting-edge solutions that address critical industry challenges.
At Manhattan Associates, the focus is on moving life and commerce forward by connecting and optimizing every aspect of the supply chain. The company's dedication to providing high-quality solutions has earned it a solid reputation over the past 25 years.
Manhattan Associates (NASDAQ: MANH) reported record Q2 2024 results, surpassing expectations. Key highlights include:
- Revenue: $265.3 million (up from $231.0 million in Q2 2023)
- GAAP EPS: $0.85 (up from $0.63 in Q2 2023)
- Non-GAAP EPS: $1.18 (up from $0.88 in Q2 2023)
- Cloud subscription revenue: $82.4 million (up from $60.9 million in Q2 2023)
- RPO bookings increased 29% year-over-year
The company raised its 2024 full-year guidance, citing strong demand and a record pipeline. Manhattan Associates repurchased 342,807 shares for $75.0 million in Q2 and the Board approved replenishing the share repurchase authority to $75.0 million in July 2024.
Manhattan Associates (NASDAQ: MANH) reported record Q2 2024 results, with revenue of $265.3 million, up from $231.0 million in Q2 2023. GAAP diluted EPS increased to $0.85 from $0.63, while non-GAAP adjusted diluted EPS rose to $1.18 from $0.88. Cloud subscription revenue grew to $82.4 million, up from $60.9 million.
The company raised its 2024 full-year guidance, projecting total revenue between $1,036 million and $1,044 million, representing 12% growth. GAAP EPS is expected to be $3.08-$3.16, with adjusted EPS of $4.22-$4.30. Manhattan Associates reported strong demand, with RPO bookings increasing 29% over the prior year.
Manhattan Associates Inc. (NASDAQ: MANH) has been awarded the Overall Innovation of the Year for 2024 by SupplyTech Breakthrough. The recognition is for Manhattan Active® Yard Management, a groundbreaking solution that unifies distribution and logistics functions. This next-generation solution seamlessly integrates with Manhattan's warehouse and transportation management systems on a single cloud-native platform, completing the digital unification of distribution and logistics.
The innovation addresses the historically weak link in end-to-end supply chains, providing real-time insights and dynamic updates. It offers complete visibility into yard operations, leading to higher warehouse efficiencies and faster transportation networks. The solution is immediately available to all Manhattan Active® Warehouse Management customers as part of their subscription.
Manhattan Associates Inc. (NASDAQ: MANH) announced the winners of its Spotlight on Innovation Awards at Momentum 2024. The awards recognize companies that have excelled in using Manhattan's supply chain commerce solutions to expand their business, improve customer experience, and pioneer industry changes.
The winners include:
- Victoria's Secret for Best Retail Customer Experience
- Wayfair for Transportation Innovation Leader
- Floor & Decor for Inventory Innovator
- Schneider Electric for Most Sustainable Supply Chain
- Ngoc Phan of Nordstrom for Outstanding Woman in Supply Chain
These companies have demonstrated exceptional use of technology to enhance omnichannel shopping, optimize logistics, unify inventory management, decarbonize supply chains, and implement innovative supply chain infrastructure.
Manhattan Associates (NASDAQ: MANH) announced they will release their second quarter 2024 financial results on July 23, 2024, after market close. Following the release, senior management will host a conference call at 4:30 p.m. Eastern time, available via live webcast on the Investor Relations section of their website. To participate, investors should visit the site 15 minutes early for any necessary software downloads. A replay will be available shortly after the call, accessible by phone or via the web until the third quarter 2024 results are announced. Detailed financial performance information will be posted on their Investor Relations website.
Manhattan Associates (NASDAQ: MANH) has been awarded the 'Best Sustainability Initiative' at the 2024 EMEA VIP Awards for its Manhattan Active® Supply Chain technology. This technology helps organizations make eco-friendly decisions in supply chain and retail operations. It includes advanced Transportation Management Systems to cut emissions, intelligent algorithms to minimize packaging waste, and smart Order Management Systems to reduce unnecessary deliveries and returns.
Vicki Cantrell, CEO of Vendors in Partnership, highlighted the significant positive community impact of Manhattan’s technologies. Henri Seroux, Senior VP, EMEA at Manhattan Associates, emphasized that their solutions enable retailers to operate efficiently while minimizing environmental impact. The VIP Awards celebrate solution providers that enhance the retail ecosystem through innovation and long-term partnerships.
Manhattan Associates (NASDAQ: MANH) released its 2024 'State of Warehouse Operations' report, highlighting major challenges and opportunities in the supply chain sector. Conducted with Vanson Bourne, the study surveyed 2,000 global supply chain professionals from diverse industries. Key findings include that 97% of respondents believe their IT infrastructure needs modernization, 84% face staff retention issues, and 73% experienced increased goods volume in warehouses. Despite these challenges, 75% and 72% of organizations see Generative AI and robotics as beneficial for job satisfaction and workflow efficiency. Innovations in technology are essential for enhancing operations, meeting demand, and improving staff experiences.
Manhattan Associates (NASDAQ: MANH) has been awarded the Overall Innovation of the Year by SupplyTech Breakthrough Awards for 2024. This accolade was given in recognition of their Manhattan Active® Yard Management, which integrates distribution and logistics functions on a single cloud-native platform. The solution offers real-time insights and dynamic updates, aiding in the optimization of yard operations and bridging the gap between distribution and logistics. This achievement is part of Manhattan's broader vision of a unified supply chain, enhancing efficiency and visibility for warehouse and transportation management. The award underscores Manhattan's leadership in supply chain technology innovation.
Manhattan Associates (NASDAQ: MANH) has been recognized as a Leader in Gartner's Magic Quadrant for Warehouse Management Systems (WMS) for the 16th consecutive time. The company has held this position since the report's inception in 2006. Manhattan Active® Warehouse Management, a cloud-native solution built on microservices architecture, supports both medium complexity warehouses and large automated distribution centers. This innovative technology enhances operations beyond basic tasks, integrating behavioral science and gamification to improve labor management. Senior Director Adam Kline attributed this achievement to Manhattan's continuous innovation and comprehensive supply chain solutions.
Manhattan Associates (NASDAQ: MANH) announced the winners of the Spotlight on Innovation Awards at their annual Momentum 2024 event. These awards honor companies for their exceptional use of Manhattan’s supply chain solutions to enhance business operations and customer experiences.
Victoria's Secret won for Best Retail Customer Experience, Wayfair for Transportation Innovation Leader, Floor & Decor for Inventory Innovator, Schneider Electric for Most Sustainable Supply Chain, and Ngoc Phan of Nordstrom for Outstanding Woman in Supply Chain.
Manhattan Associates emphasized their commitment to providing cutting-edge supply chain solutions to help top brands deliver unique shopping experiences.
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