Have you seen this one today? Unusual behavior for MANH and I'd say that today's volume is quite high...
MANH ==> The Silly Putty Winner
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Manhattan Associates Reports Record First Quarter 2014 Results
Company Raises Full-Year Revenue and EPS GuidanceManhattan AssociatesApril 22, 2014 4:01 PM
ATLANTA, April 22, 2014 (GLOBE NEWSWIRE) -- Leading Supply Chain Commerce Solutions provider Manhattan Associates, Inc. (MANH) today reported record non-GAAP adjusted diluted earnings per share for the first quarter ended March 31, 2014 of $0.26 compared to $0.19 in Q1 2013, on license revenue of $17.1 million and record total revenue of $113.6 million. GAAP diluted earnings per share for Q1 2014 was $0.24 compared to $0.17 in Q1 2013.
"We're very pleased with our performance in the first quarter of 2014. Across the board we executed well serving our customers, extending our supply chain commerce market leadership position and delivering record financial performance," said Eddie Capel, Manhattan Associates president and CEO. "In the new omni-channel world of Supply Chain Commerce, we continue to experience solid demand for our products and innovation. We will continue to strive to enhance our market position and improve our financial results throughout 2014 and beyond."
FIRST QUARTER 2014 FINANCIAL SUMMARY:
- Adjusted diluted earnings per share, a non-GAAP measure, was $0.26 in Q1 2014, compared to $0.19 in Q1 2013.
- GAAP diluted earnings per share was $0.24 in Q1 2014, compared to $0.17 in Q1 2013.
- Consolidated total revenue was $113.6 million in Q1 2014, compared to $96.6 million in Q1 2013. License revenue was $17.1 million in Q1 2014, compared to $14.2 million in Q1 2013.
- Adjusted operating income, a non-GAAP measure, was $32.3 million in Q1 2014, compared to $21.6 million in Q1 2013.
- GAAP operating income was $30 million in Q1 2014, compared to $19.7 million in Q1 2013.
- Cash flow from operations was $19.1 million in Q1 2014, compared to $20.1 million in Q1 2013. Days Sales Outstanding was 53 days at March 31, 2014, compared to 61 days at December 31, 2013.
- Cash and investments at March 31, 2014 was $125.9 million, compared to $133.0 million at December 31, 2013.
- During the three months ended March 31, 2014, the Company repurchased 694,547 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $25.5 million. In April 2014, the Board of Directors approved raising the Company's share repurchase authority to an aggregate of $50.0 million of the Company's outstanding common stock.
SALES ACHIEVEMENTS:
- Four contracts of $1.0 million or more in recognized license revenue during the first quarter of 2014.
- Completing software license wins with new customers such as: DCG Fulfillment, Dunham's Sports, Express-1, Floor and Decor Outlets of America, Hastings Deering, ICA Sverige, Kapal Api, LifeShield, Norix Group, Ulta, Vente-Privee, and West Coast Distribution.
- Expanding relationships with existing customers such as: The Apparel Group, Automotive Holdings Group (AHG), C&J Clark International Ltd., Cabela's, Donaldson Europe BVBA, Federal-Mogul, GENCO Holdings, Genesco, The Harvard Drug Group, Jasco Products Company, Just Group, Knight Transportation, Movianto, Nassau Candy, Nordstrom, Northern Tool + Equipment, Ozburn-Hessey Logistics (OHL), Performance Team Freight Systems, Rhee Brothers, Samsung India Electronics, Simplehuman, Sodimac Colombia, Southeastern Freight Lines, Speed Global Services, Stella & Dot, and Thai Beverage Logistics.
2014 GUIDANCE
Manhattan Associates provides the following updated revenue and diluted earnings per share guidance for the full year 2014:
Guidance Range - 2014 Full Year ($'s in millions, except EPS) $ Range % Growth Range Total revenue - current guidance $460 $465 11% 12% Total revenue - previous guidance $450 $455 9% 10% Diluted earnings per share (EPS): Adjusted EPS(1) - current guidance $1.06 $1.08 15% 17% GAAP EPS - current guidance $0.99 $1.01 15% 17% Adjusted EPS(1) - previous guidance $1.01 $1.03 10% 12% GAAP EPS - previous guidance $0.94 $0.96 10% 12% =============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
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Manhattan Associates Reports Record Second Quarter 2014 Results
Company Raises Full-Year Revenue and EPS GuidanceManhattan AssociatesJuly 22, 2014 4:01 PM
ATLANTA, July 22, 2014 (GLOBE NEWSWIRE) -- Leading Supply Chain Commerce Solutions provider Manhattan Associates, Inc. (MANH) today reported record non-GAAP adjusted diluted earnings per share for the second quarter ended June 30, 2014 of $0.29 compared to $0.24 in Q2 2013, on license revenue of $18.0 million and record total revenue of $122.5 million. GAAP diluted earnings per share for Q2 2014 was $0.27 compared to $0.22 in Q2 2013.
"We're very pleased with our performance in Q2 and the first half of 2014. We executed well serving our customers and delivering strong financial performance," said Eddie Capel, Manhattan Associates president and CEO. "With strong demand for our omni-channel and distribution management solutions, we will continue to innovate and strive to enhance our market position so we can deliver solid financial results for the balance of 2014 and beyond."
SECOND QUARTER 2014 FINANCIAL SUMMARY:
- Adjusted diluted earnings per share, a non-GAAP measure, was $0.29 in Q2 2014, compared to $0.24 in Q2 2013.
- GAAP diluted earnings per share was $0.27 in Q2 2014, compared to $0.22 in Q2 2013.
- Consolidated total revenue was $122.5 million in Q2 2014, compared to $102.5 million in Q2 2013. License revenue was $18.0 million in Q2 2014, compared to $16.1 million in Q2 2013.
- Adjusted operating income, a non-GAAP measure, was $34.9 million in Q2 2014, compared to $28.3 million in Q2 2013.
- GAAP operating income was $32.5 million in Q2 2014, compared to $26.2 million in Q2 2013.
- Cash flow from operations was $1.9 million in Q2 2014, compared to $13.6 million in Q2 2013. Days Sales Outstanding was 64 days at June 30, 2014, compared to 53 days at March 31, 2014.
- Cash and investments at June 30, 2014 was $101.4 million, compared to $125.9 million at March 31, 2014.
- During the three months ended June 30, 2014, the Company repurchased 782,489 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $25.1 million. In July 2014, the Board of Directors approved raising the Company's share repurchase authority to an aggregate of $50.0 million of the Company's outstanding common stock.
SIX MONTH 2014 FINANCIAL SUMMARY:
- Adjusted diluted earnings per share, a non-GAAP measure, was $0.55 for the six months ended June 30, 2014, compared to $0.43 for the six months ended June 30, 2013.
- GAAP diluted earnings per share for the six months ended June 30, 2014 was $0.51, compared to $0.39 for the six months ended June 30, 2013.
- Consolidated revenue for the six months ended June 30, 2014 was $236.1 million, compared to $199.1 million for the six months ended June 30, 2013. License revenue was $35.1 million for the six months ended June 30, 2014, compared to $30.4 million for the six months ended June 30, 2013.
- Adjusted operating income, a non-GAAP measure, was $67.2 million for the six months ended June 30, 2014, compared to $49.9 million for the six months ended June 30, 2013.
- GAAP operating income was $62.6 million for the six months ended June 30, 2014, compared to $45.8 million for the six months ended June 30, 2013.
- Cash flow from operations was $21.0 million in the six months ended June 30, 2014, compared to $33.7 million in the six months ended June 30, 2013.
- During the six months ended June 30, 2014, the Company repurchased 1,477,036 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $50.5 million.
SALES ACHIEVEMENTS:
- Three contracts of $1.0 million or more in recognized license revenue during the second quarter of 2014.
- Completing software license wins with new customers such as: Country Road Group, Grupo Bimbo, ICA Sverige AB, ValueVision Media, and Yusen Logistics (Americas).
- Expanding relationships with existing customers such as: Alliant Techsystems, American Eagle Outfitters, Ascena Retail Group, Cleveland Golf Company, David's Bridal, Delta Faucet Company, Desigual, FEMA, GENCO Holdings, Genuine Parts Company, Giant Eagle, Groupe Dynamite, Holiday Classic, Hudson's Bay Company, Ingram Industries, Innotrac Corporation, Mothercare, National Logistics Services, Nature's Best, Northern Safety Co., Samson Opt, Samsung India, Shanghai KW Logistics, Southern Wine and Spirits of America, Super Retail Group, Wineworks, and VF Services.
2014 GUIDANCE
Manhattan Associates provides the following updated revenue and diluted earnings per share guidance for the full year 2014:
Manhattan Associates currently intends to publish, in each quarterly earnings release, certain expectations with respect to future financial performance. Those statements, including the guidance provided above, are forward-looking. Actual results may differ materially, especially in the current uncertain economic environment. Those statements, including the guidance provided above, do not reflect the potential impact of mergers, acquisitions or other business combinations that may be completed after the date of the release.Guidance Range - 2014 Full Year ($'s in millions, except EPS) $ Range % Growth Range Total revenue - current guidance $472 $477 14% 15% Total revenue - previous guidance $460 $465 11% 12% Diluted earnings per share (EPS): Adjusted EPS(1) - current guidance $1.10 $1.12 20% 22% GAAP EPS - current guidance $1.03 $1.05 20% 22% Adjusted EPS(1) - previous guidance $1.06 $1.08 15% 17% GAAP EPS - previous guidance $0.99 $1.01 15% 17% (1) Adjusted EPS is a Non-GAAP measure which excludes the impact of equity-based compensation
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I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
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Manhattan Continues Growth In Warehouse Market
By PETE BARLAS, INVESTOR'S BUSINESS DAILY
Posted 08/01/2014 07:44 PM ET
Manhattan Associates is proving to be a survivor in more ways than one.
The company has found a way to compete with larger rivals Oracle (NYSE:ORCL) and SAP (NYSE:SAP) in warehouse management software while also side-stepping the recent sell-off in high-growth but little-or-no-profit software companies such as Tableau Software (NYSE:DATA) and Splunk (NASDAQ:SPLK).
Manhattan Associates' (NASDAQ:MANH) stock is down from an all-time high of 40.79 touched on March 17, but the company has kept growing in what has proved to be an unpredictable market for software used to manage warehouse operations.
The company's year-over-year quarterly revenue growth has escalated from 6% to 20% over the past five quarters through Q2, which beat analyst views on the top and bottom lines. The company also raised its EPS and sales guidance for Q3.
Many retailers and other Manhattan customers are upgrading their computer systems, says Mark Schappel, an analyst for The Benchmark Co.
"What's driving their business is the warehouse management piece," he told IBD. "Some of the older operating systems that were put in a long time ago are being replaced."
On July 22, Manhattan reported Q2 earnings per share minus items of 29 cents, up 21% vs. the year-earlier period and ahead of analyst estimates by 2 cents.
Revenue jumped 20% to $122.5 million and beat views by $7.5 million.
For the current quarter, analysts polled by Thomson Reuters expect earnings per share of 29 cents, up 11.5%. Revenue is expected to rise 12% to $120.7 million.
The company doesn't provide a quarterly guidance but raised its outlook for the year.
For the year, Manhattan raised its EPS forecast to $1.10 to $1.12, up 20% to 22%, from $1.06 to $1.08. Analysts had modeled $1.07.
The company now expects revenue of $472 million to $477 million, up 14% to 15%, vs. its prior forecast of $460 million to $465 million. Analysts expect $471.5 million.
The results and outlook are positive signs, says Terry Tillman, an analyst for Raymond James & Associates, in a July 23 research report.
"The company showed impressive execution and remains well positioned to capture additional share gains, as the competitive environment remains more favorable today than in many years," he wrote.
Read More At Investor's Business Daily: http://news.investors.com/technology...#ixzz3BKDNXJQw
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I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
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