Industry: Biotechnology & Drugs
Mannatech, Incorporated (Mannatech) develops and sells nutritional supplements, topical products and weight management products, primarily through a global network marketing system operating in the United States, Canada, Australia, the United Kingdom, Japan and New Zealand. Based on certain scientific advances in the emerging field of phytochemistry, Mannatech has formulated naturally occurring, plant-derived, carbohydrate-based products that work through the body's normal physiology rather than developing synthetic-based products that are easily duplicated and considered less effective. The Company offers 24 different nutritional products, three topical products and a weight management system consisting of five different products. Mannatech also offers sales aids for its associates.
BRIEF: For the nine months ended 30 September 2005, Mannatech, Inc.'s revenues increased 37% to $288M. Net income increased 24% to $19.2M. Revenues reflect an increase in pack and products sales and higher freight revenue charges. Net income was partially offset by lower gross profit margins, increase in selling & administrative expenses, higher commissions and incentives cost and increase in other operating costs.
600 South Royal Lane
Coppell, TX 75019
Contact: Stephen Fenstermacher
Contact Title: Director Investor Relations
Contact Phone: 1-972-4716512
Officers: Caster, Samuel L, Chairman of the Board, Chief Executive Officer
Persinger, Terry L, President, Chief Operating Officer, Director
Fenstermacher, Stephen D, Chief Financial Officer, Senior Vice President - Accounting
Crowley, John F, President of International Operations
Price, John, President of International Operations
Tysinger, Cynthia L, Senior Vice President, Chief Information Officer
Simon, Bettina S, Senior Vice President, General Counsel, Secretary
Lemme, Steven W, Senior Vice President of Sales and Marketing
Bourgoyne, Jeffrey P, Senior Vice President of Supply Chain and Associate Care
McAnalley, Ph.D., Bill H, Senior Vice President of Research and Product Development and Chief Scientific Officer
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