Mannatech Fourth Quarter Sales Fall 11 Percent to 29 Million; Swings to Profit

FLOWER MOUND, Texas, March 26, 2025 --

Mannatech reported fourth-quarter 2024 net sales of 29.0 million dollars, down 11.3 percent from 32.7 million dollars a year earlier, or 9.2 percent in constant dollars. Net income was 2.3 million dollars, or 1.20 dollars per diluted share, compared with a net loss of 1.8 million dollars a year earlier, and operating income was 0.9 million dollars versus a 0.9 million dollar loss.

Gross margin improved to 80.5 percent from 75.4 percent, and selling and administrative expenses fell 1.7 million dollars to 10.4 million dollars. Recruiting fell 19.5 percent, and associate and preferred customer positions declined to about 133,000 from 145,000.

Full-year sales fell 10.7 percent to 117.9 million dollars with net income of 2.5 million dollars. President and Chief Executive Landen Fredrick called 2024 a challenging year, particularly in Asia Pacific, but said strict cost management produced a profit. Cash rose to 11.4 million dollars.