Mannatech Q1 net sales down 13.8% to $29.4M; EPS rises to $0.63 from $0.32

MANNATECH INC

2024-Q1 EPS reported $0.63 revenue$29,393,000

Net sales $29.4M, down 13.8% YoY; constant-currency decline 11.3%; FX unfavorable $0.8M.
Net income $1.2M ($0.63 diluted EPS) vs $0.6M ($0.32) in prior year.
Operating income $0.8M vs $0.7M; cost controls offset revenue decline.
Asia/Pacific region drove revenue decline; recruiting of associates down 13.6%.
Cash increased 2.3% to $7.9M; operating cash flow $1.87M vs $1.35M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MANNATECH INC reported first quarter of 2024 results: revenue $29.4 million, net income $1.2 million, EPS $0.63 per diluted share.

Period: first quarter of 2024
Revenue: $29.4 million
Net income: $1.2 million
EPS: $0.63 per diluted share
Result: reported results

Exact text from the filing

lives to make a better world, today announced financial results for its first quarter of 2024. First Quarter Highlights • Net sales for the quarter ended March 31, 2024 were $29.4 million, as compared to $34.1 million for the same period in 2023, a decrease of $4.7 million, or 13.8%. On a Constant dollar basis (see Non-GAAP Measures, below) our net sales decreased

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Source: SEC EDGAR

accession 0001056358-24-000044

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