earnings
confidence high
sentiment neutral
materiality 0.60
Mannatech Q4 net income $2.6M ($1.25 diluted); gross margin improves; recruiting declines 8.2%
MANNATECH INC
- Net sales flat at $39.5M (+0.8% YoY); operating income $1.0M vs -$11K loss a year ago.
- Net income $2.6M ($1.25 diluted) vs $0.7M ($0.34) in Q4 2020; includes $1.7M tax benefit and $0.6M Korea Customs charge.
- Gross margin improved to 77.5% from 73.3% YoY; commissions and incentives as % sales declined.
- New independent associates and preferred customers fell 8.2% to 18,052; total network positions ~163,000.
- Cash $24.2M; paid $4.3M in dividends and repurchased $5.1M in stock during 2021.