Manhattan Associates reports record 4Q, full year 2013
by From staff reports
February 12, 2014 12:00 AM | 1932 views | 0 0 comments | 42 42 recommendations | email to a friend | print
CUMBERLAND — Supply-chain software solutions provider Manhattan Associates Inc. reported on a post stock split adjusted basis, its fourth quarter and full-year 2013 performance.

Adjusted diluted earnings per share were .24 cents in fourth quarter 2013, compared to .18 cents in fourth quarter 2012.

GAAP diluted earnings per share were .22 cents in fourth quarter 2013, compared to .16 cents in fourth quarter 2012.

Consolidated total revenue was $107.6 million in fourth quarter 2013, compared to $95.4 million in fourth quarter 2012. License revenue was $17.3 million in fourth quarter 2013, compared to $14.4 million in fourth quarter 2012.

Also included in the report:

● Adjusted operating income was $26.7 million in fourth quarter 2013, compared to $21.7 million in fourth quarter 2012.

● GAAP operating income was $24.7 million in fourth quarter 2013, compared to $19.1 million in fourth quarter 2012.

● Cash flow from operations was $23 million in fourth quarter 2013, compared to $23.9 million in fourth quarter 2012. Days Sales Outstanding was 61 days at Dec. 31, 2013, compared to 58 days at Sept. 30, 2013.

● Cash and investments at Dec. 31, 2013 was $133 million, compared to $125.9 million at Sept. 30, 2013 and $103 million at Dec. 31, 2012.

● During the three months ended Dec. 31, 2013, the company repurchased 536,816 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $15.3 million. In January 2014, the Board of Directors approved raising the company’s share repurchase authority to an aggregate of $50 million of the company’s outstanding common stock.

The full year 2013 financial summary includes:

● Adjusted diluted earnings per share was .92 cents for the 12 months ending Dec. 31, 2013, compared to .71 cents for the 12 months ended Dec. 31, 2012.

● GAAP diluted earnings per share for the 12 months ending Dec. 31, 2013 was .86 cents, compared to .64 cents for the 12 months ending Dec. 31, 2012.

● Consolidated total revenue for the 12 months ending Dec. 31, 2013 was $414.5 million, compared to $376.2 million for the 12 months ending Dec. 31, 2012. License revenue was $62.4 million for the 12 months ending Dec. 31, 2013, compared to $61.5 million for the 12 months ending Dec. 31, 2012.

● Adjusted operating income was $108.6 million for the 12 months ended Dec. 31, 2013, compared to $88.4 million for the 12 months ending Dec. 31, 2012.

● GAAP operating income was $101.3 million for the 12 months ending Dec. 31, 2013, compared to $80.1 million for the 12 months ending Dec. 31, 2012.

● During the 12 months ending Dec. 31, 2013, the company repurchased 2,831,520 shares of Manhattan Associates common stock under the share repurchase program authorized by the Board of Directors, for a total investment of $59.2 million.

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