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Mannatech Inc. (MTEX) is a globally recognized wellness solution provider established in 1994. The company focuses on developing and selling high-quality nutritional supplements, skincare, anti-aging, and weight-management products that promote optimal health and wellness. Mannatech prides itself on using scientifically backed, natural health products that support the body's natural processes.
The company operates extensively across various regions, including the Americas, Europe, the Middle East, Africa, and the Asia/Pacific regions. Key markets include the United States, Canada, Mexico, South Africa, Australia, New Zealand, several European countries, Japan, Taiwan, Singapore, Hong Kong, and South Korea.
Mannatech's product line is built upon a solid scientific foundation, integrating real food technology solutions that blend the best of science and nature. Unlike many other companies, Mannatech's products are not sold in supermarkets or pharmacies. Instead, they utilize a network of independent associates to distribute their products, ensuring a personalized and customer-centric approach.
Recent achievements highlight Mannatech's commitment to innovation and quality. The company continues to expand its product offerings, exploring new markets and solidifying its presence in existing ones. Financially, Mannatech is stable, with the majority of its revenue generated from the Americas. The company's strategic partnerships and focus on research and development exemplify its dedication to advancing health and wellness.
As Mannatech moves forward, it remains dedicated to sharing its philosophy of combining science and nature to deliver life-changing results for its customers. Investors and consumers alike can expect continued growth and innovation from this established leader in the wellness industry.
Mannatech (NASDAQ: MTEX) has authorized a share repurchase program of up to $1.5 million of its outstanding common stock. The repurchase will occur in the open market or through block trades, with executions at management's discretion based on market conditions. This program starts on September 19, 2022, and concludes either on September 18, 2023 or upon reaching the purchase limit. Mannatech plans to finance these repurchases using available cash, aiming to enhance shareholder value.
Mannatech, Incorporated (NASDAQ: MTEX) announced a cash dividend of $0.20 per share, payable on September 28, 2022, to shareholders of record by September 14, 2022. This dividend reflects the company's commitment to rewarding its investors and promoting long-term investments. President and CEO Alfredo Bala emphasized that Mannatech is dedicated to delivering shareholder value. Operating for over 25 years in 25 markets, Mannatech focuses on health and wellness products delivered through a global network.
Mannatech, Incorporated (NASDAQ: MTEX) reported second-quarter 2022 net sales of $35.0 million, down 17.7% from $42.5 million in Q2 2021, impacted by foreign exchange losses. Operating income fell to $0.9 million compared to $2.0 million the previous year. Net income decreased to $0.7 million, or $0.34 per diluted share, significantly lower than $2.1 million, or $0.99 per diluted share, in Q2 2021. Year-to-date sales also dropped 16.7% year-on-year, illustrating continuing operational challenges and supply chain constraints.
Mannatech, a global health and wellness company, announced the successful passage of all shareholder proposals during its annual meeting on June 14, 2022. Notable outcomes included the election of J. Stanley Fredrick and Tyler Rameson as Class II Directors, with 66.5% of shares represented. Additionally, shareholders ratified BDO USA, LLP as independent auditors for the fiscal year ending December 31, 2022, and approved the compensation for Mannatech's named executive officers. The company emphasizes its commitment to transforming lives through high-quality nutritional products.
Mannatech, a global health and wellness company, announced a cash dividend of $0.20 per share, payable on June 29, 2022, to shareholders recorded by June 15, 2022. This move reflects the company's commitment to rewarding shareholders and promoting long-term investment in its common stock. President and CEO, Alfredo Bala, emphasized Mannatech's dedication to delivering shareholder value. The company operates globally in 25 markets and is focused on health, weight management, fitness, and skin care products.
Mannatech, Incorporated (NASDAQ: MTEX) reported first quarter 2022 financial results with net sales of $32.4 million, a decline of 15.5% from $38.3 million in Q1 2021. On a constant dollar basis, net sales decreased by 11.5%. Supply chain issues led to deferred revenue of $0.9 million in Asia Pacific, affecting sales. Operating income fell to less than $0.1 million compared to $2.8 million in Q1 2021, while net income was $0.1 million, or $0.06 per diluted share. The number of fulfilled orders decreased by 6%, and recruitment of associates dropped by 5.1%.
Mannatech, Incorporated (NASDAQ: MTEX) reported Q4 2021 net sales of $39.5 million, up 0.8% from Q4 2020. Operating income improved to $1.0 million compared to an operating loss of $11.0 thousand in Q4 2020. Net income reached $2.6 million ($1.25 per diluted share), a significant increase from $0.7 million ($0.34 per diluted share) in the prior year. Gross profit margin improved to 77.5%. Year-end net sales increased 5.5% to $160.3 million, with net income for 2021 at $9.8 million ($4.71 per diluted share). The company returned $4.3 million in dividends and repurchased $5.1 million in stock.
Mannatech, Incorporated (NASDAQ: MTEX) has announced a cash dividend of $0.20 per share for its common stock. This dividend will be paid on March 30, 2022, to shareholders recorded by the close of business on March 16, 2022. The decision reflects the company's commitment to rewarding its investors and sustaining long-term interest in its stock. CEO Alfredo Bala emphasized the company's dedication to delivering shareholder value.
Mannatech declared a cash dividend of $1.70 per share, payable on December 29, 2021, to shareholders of record on December 15, 2021. This dividend includes a quarterly portion of $0.20 and a special dividend of $1.50, highlighting the company's commitment to shareholder value. CEO Alfredo Bala emphasized the intent to reward and encourage long-term investment in Mannatech. With over 25 years in business and a presence in 25 markets, the company continues focusing on health and wellness products.
Mannatech reported third quarter 2021 net sales of $39.4 million, a 3.9% increase from $38.0 million in Q3 2020. Income from operations rose to $3.3 million, compared to $1.4 million in the prior year. Net income reached $2.9 million, or $1.44 per diluted share, up from $1.6 million, or $0.76 per diluted share in Q3 2020. Year-to-date sales were $120.3 million, a 7.2% increase year-over-year. Recruitment of independent associates declined by 1.4% to 25,036 in Q3 2021.
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