Mannatech Inc. Reports Record Fourth Quarter Sales
Source: Marketwire
"COPPELL, TX -- (MARKET WIRE) -- 03/15/07 -- Mannatech, Inc. (NASDAQ: MTEX) today reported record sales for its fourth quarter 2006 of $106.8 million, up 5.3% compared to the same quarter in 2005. Earnings per share decreased 11.8% to $0.30 per diluted share compared to fourth quarter 2005 earnings of $0.34 per diluted share, as the result of a significant investment in the global launch of two major proprietary products. Net income for the quarter was $8.2 million with a net profit to net sales ratio of 7.7% compared to net income of $9.4 million with a net profit to net sales ratio of 9.3% for the same quarter of 2005. Pretax profit was $12.2 million, down 19.0% from prior year's fourth quarter of $15.1 million. "
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Mannatech Inc. Reports Record Fourth Quarter Sales
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