Business
Zebra Technologies Announces Fourth-Quarter and Full-Year 2019 Results
Fourth-Quarter Financial Highlights Net sales of $1,192 million; year-over-year growth of 4.8% Net income of $169 million and net income per diluted share of
About this update from Zebra Technologies Corporation
[{"type":"text","content":"\nFourth-Quarter Financial Highlights\n\n\n\nNet sales of $1,192 million; year-over-year growth of 4.8%\n\n\nNet income of $169 million and net income per diluted share of $3.10; year-over-year increases of 47.0% and 46.9%, respectively\n\n\nNon-GAAP diluted EPS increased 14.8% year-over-year to $3.56\n\n\nAdjusted EBITDA increased 6.3% year-over-year to $255 million\n\n\n LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--\nZebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced results for the fourth quarter and full year ended December 31, 2019.\n\n\n“In the fourth quarter, solid sales growth in our North America and EMEA regions was partially offset by a continued softer spending environment in China. Earnings per share were at the low end of our guidance range due to tariff expenses and a higher mix of large year-end budget orders, each of which impacted gross margin,” said Anders Gustafsson, Chief Executive Officer of Zebra Technologies. “We entered 2020 with a strong order backlog and our pipeline of opportunities is solid. Our core portfolio offering continues to resonate well in the market. At the same time, we are making good progress broadening our role as a solutions provider, investing in capabilities that digitize and automate our customers’ enterprise operations.”\n\n\n\n\n$ in millions, except per share amounts\n\n\n\n4Q19\n\n\n\n4Q18\n\n\n\nChange\n\n\n\n \n\n\n\nFY19\n\n\n\nFY18\n\n\n\nChange\n\n\n\n\n\nSelect reported measures:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet sales\n\n\n\n$\n\n\n\n1,192\n\n\n\n \n\n\n\n$\n\n\n\n1,137\n\n\n\n \n\n\n\n4.8\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n4,485\n\n\n\n \n\n\n\n$\n\n\n\n4,218\n\n\n\n \n\n\n\n6.3\n\n\n\n%\n\n\n\n\n\nGross profit\n\n\n\n544\n\n\n\n \n\n\n\n539\n\n\n\n \n\n\n\n0.9\n\n\n\n%\n\n\n\n \n\n\n\n2,100\n\n\n\n \n\n\n\n1,981\n\n\n\n \n\n\n\n6.0\n\n\n\n%\n\n\n\n\n\nGross margin\n\n\n\n45.6\n\n\n\n%\n\n\n\n47.4\n\n\n\n%\n\n\n\n(180) bps\n\n\n\n \n\n\n\n46.8\n\n\n\n%\n\n\n\n47.0\n\n\n\n%\n\n\n\n(20) bps\n\n\n\n\n\nNet income\n\n\n\n169\n\n\n\n \n\n\n\n115\n\n\n\n \n\n\n\n47.0\n\n\n\n%\n\n\n\n \n\n\n\n544\n\n\n\n \n\n\n\n421\n\n\n\n \n\n\n\n29.2\n\n\n\n%\n\n\n\n\n\nNet income margin\n\n\n\n14.2\n\n\n\n%\n\n\n\n10.1\n\n\n...