Manhattan Associates Stories File Third Quarter Outcomes


RPO Bookings Improve 69% over Prior Yr on Robust Demand

Firm Raises 2022 Full-Yr Income and EPS Steering

ATLANTA – October 26, 2022 – Main Provide Chain and Omnichannel Commerce Options supplier Manhattan Associates Inc. (NASDAQ: MANH) at the moment reported income of $198.1 million for the third quarter ended September 30, 2022. GAAP diluted earnings per share was $0.47 for Q3 2022 in comparison with $0.57 for Q3 2021. Non-GAAP adjusted diluted earnings per share for Q3 2022 was $0.66 in comparison with $0.71 in Q3 2021.

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Manhattan Associates Emblem

“We’re more than happy with our quarterly outcomes, delivering document Q3 income and higher than anticipated earnings per share. Demand is robust and resilient throughout our differentiated cloud product portfolio,” stated Manhattan Associates president and CEO Eddie Capel.

“We’re dedicated to our prospects’ success and proceed to spend money on trade main innovation to assist digitally remodel their companies. Whereas the worldwide macro atmosphere stays turbulent, our enterprise fundamentals are sturdy and our elevated 2022 steering appropriately accounts for continued volatility,” Mr. Capel concluded.

THIRD QUARTER 2022 FINANCIAL SUMMARY:

  • Consolidated whole income was $198.1 million for Q3 2022, in comparison with $169.2 million for Q3 2021.
  • Cloud subscription income was $45.three million for Q3 2022, in comparison with $32.2 million for Q3 2021.
  • License income was $6.Four million for Q3 2022, in comparison with $8.5 million for Q3 2021.
  • Companies income was $103.Four million for Q3 2022, in comparison with $88.2 million for Q3 2021.
  • GAAP diluted earnings per share was $0.47 for Q3 2022, in comparison with $0.57 for Q3 2021.
  • Adjusted diluted earnings per share, a non-GAAP measure, was $0.66 for Q3 2022, in comparison with $0.71 for Q3 2021.
  • GAAP working earnings was $36.Eight million for Q3 2022, in comparison with $42.Four million for Q3 2021.
  • Adjusted working earnings, a non-GAAP measure, was $51.three million for Q3 2022, in comparison with $53.Zero million for Q3 2021.
  • Money move from operations was $39.9 million for Q3 2022, in comparison with $59.7 million for Q3 2021. Days Gross sales Excellent was 67 days at September 30, 2022, in comparison with 63 days at June 30, 2022.
  • Money totaled $197.1 million at September 30, 2022, in comparison with $213.Eight million at June 30, 2022.
  • Through the three months ended September 30, 2022, the Firm repurchased 346,620 shares of Manhattan Associates widespread inventory beneath the share repurchase program licensed by our Board of Administrators for a complete funding of $50.Zero million. In October 2022, our Board of Administrators accepted replenishing the Firm’s remaining share repurchase authority to an combination of $75.Zero million of our widespread inventory.

NINE MONTH 2022 FINANCIAL SUMMARY:

  • Consolidated whole income for the 9 months ended September 30, 2022, was $569.Zero million, in comparison with $492.1 million for the 9 months ended September 30, 2021.
  • Cloud subscription income was $124.Eight million for the 9 months ended September 30, 2022, in comparison with $87.Four million for the 9 months ended September 30, 2021.
  • License income was $19.9 million for the 9 months ended September 30, 2022, in comparison with $25.1 million for the 9 months ended September 30, 2021.
  • Companies income was $294.three million for the 9 months ended September 30, 2022, in comparison with $253.2 million for the 9 months ended September 30, 2021.
  • GAAP diluted earnings per share for the 9 months ended September 30, 2022, was $1.43, in comparison with $1.40 for the 9 months ended September 30, 2021.
  • Adjusted diluted earnings per share, a non-GAAP measure, was $1.95 for the 9 months ended September 30, 2022, in comparison with $1.75 for the 9 months ended September 30, 2021.
  • GAAP working earnings was $108.Zero million for the 9 months ended September 30, 2022, in comparison with $107.2 million for the 9 months ended September 30, 2021.
  • Adjusted working earnings, a non-GAAP measure, was $152.2 million for the 9 months ended September 30, 2022, in comparison with $138.Eight million for the 9 months ended September 30, 2021.
  • Money move from operations was $124.Four million for the 9 months ended September 30, 2022, in comparison with $145.1 million for the 9 months ended September 30, 2021.
  • Through the 9 months ended September 30, 2022, the Firm repurchased 1,146,536 shares of Manhattan Associates widespread inventory beneath the share repurchase program licensed by our Board of Administrators, for a complete funding of $150.1 million.

2022 GUIDANCE
Manhattan Associates supplies the next income, working margin and diluted earnings per share steering for the total 12 months 2022:

View the 2022 Steering desk right here: https://rlw.co/djn

Manhattan Associates presently intends to publish in every quarterly earnings launch sure expectations with respect to future monetary efficiency. These statements, together with the steering offered above and guideposts within the supplemental data under, are ahead wanting. Precise outcomes could differ materially. See our cautionary notice concerning “forward-looking statements” under. As well as, these statements don’t replicate the potential influence of mergers, acquisitions or different enterprise combos that could be accomplished after the date of the discharge.

Manhattan Associates will make this earnings launch and revealed expectations obtainable on the investor relations part of the Manhattan Associates web site at ir.manh.com. Following publication of this earnings launch, any expectations with respect to future monetary efficiency contained on this launch, together with the steering and guideposts, must be thought of historic solely, and Manhattan Associates disclaims any obligation to replace them.

CONFERENCE CALL
Manhattan Associates’ convention name concerning its third quarter 2022 monetary outcomes shall be held at the moment, October 25, 2022, at 4:30 p.m. Jap Time. The Firm may also talk about its enterprise and expectations for the 12 months and subsequent quarter in further element through the name. We invite buyers to a stay webcast of the convention name by means of the Investor Relations part of the Manhattan Associates web site at ir.manh.com. To take heed to the stay webcast, please go to the web site at the very least 15 minutes earlier than the decision to obtain and set up any mandatory audio software program. The web broadcast replay shall be obtainable till Manhattan Associates’ fourth quarter 2022 earnings launch.

GAAP VERSUS NON-GAAP PRESENTATION
Manhattan Associates supplies adjusted working earnings and margin, adjusted earnings tax provision, adjusted internet earnings and adjusted diluted earnings per share on this press launch as further data concerning the Firm’s historic and projected working outcomes. These measures aren’t in accordance with, or alternate options to, GAAP, and could also be totally different from equally titled non-GAAP measures utilized by different corporations. The Firm believes the presentation of those non-GAAP monetary measures facilitates buyers’ skill to grasp and examine the Firm’s outcomes and steering, as a result of the measures present supplemental data in evaluating the working outcomes of its enterprise, as distinct from outcomes that embrace gadgets not indicative of ongoing working outcomes, and since the Firm believes its friends sometimes publish comparable non-GAAP measures. This launch must be learn along side the Firm’s Kind 8-Okay earnings launch submitting for the three and 9 months ended September 30, 2022.

Non-GAAP adjusted working earnings and margin, adjusted earnings tax provision, adjusted internet earnings and adjusted diluted earnings per share exclude the influence of equity-based compensation, acquisition-related prices and the amortization of those prices and (on occasion) restructuring prices – all internet of earnings tax results. We embrace reconciliations of the Firm’s GAAP monetary measures to non-GAAP changes within the supplemental data hooked up to this launch.

ABOUT MANHATTAN ASSOCIATES
Manhattan Associates is a know-how chief in provide chain and omnichannel commerce. We unite data throughout the enterprise, converging front-end gross sales with back-end provide chain execution. Our software program, platform know-how and unmatched expertise assist drive each top-line progress and bottom-line profitability for our prospects.

Manhattan Associates designs, builds and delivers vanguard cloud options in order that throughout the shop, by means of your community or out of your achievement heart, you’re able to reap the rewards of the omnichannel market. For extra data, please go to www.manh.com.

This press launch incorporates “forward-looking statements” regarding Manhattan Associates, Inc. Ahead-looking statements on this press launch embrace, with out limitation, the knowledge set forth beneath “2022 Steering” and “Guideposts,” statements we make about market adoption of our cloud-based resolution and different statements recognized by phrases equivalent to “could,” “anticipate,” “forecast,” “anticipate,” “intend,” “plan,” “consider,” “may,” “search,” “mission,” “estimate,” and comparable expressions. Potential buyers are cautioned that any of these forward-looking statements aren’t ensures of future efficiency and contain dangers and uncertainties, and that precise outcomes could differ materially from these contemplated by these forward-looking statements. Among the many necessary elements that would trigger precise outcomes to vary materially from these indicated by these forward-looking statements are: financial circumstances, together with inflation; disruption within the retail sector; delays in product growth; aggressive and pricing pressures; software program errors and knowledge know-how failures, system disruption and safety breaches; disruption within the retail sector; dangers associated to our merchandise’ know-how and buyer implementations; world instability, together with the warfare in Ukraine; and the opposite threat elements set forth in Merchandise 1A of the Firm’s Annual Report on Kind 10-Okay for the 12 months ended December 31, 2021, and in Merchandise 1A of Half II in subsequent Quarterly Stories on Kind 10-Q. Manhattan Associates undertakes no obligation to replace or revise forward-looking statements to replicate modified assumptions, the incidence of unanticipated occasions or adjustments in future working outcomes.

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Contact:
James Canham-Ash
Head of EMEA
Company Communications
Manhattan Associates, Inc.
[email protected]



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