Business
Zebra Technologies Announces Third-Quarter 2021 Results
Third-Quarter Financial Highlights Net sales of $1,436 million; year-over-year increase of 26.9% Net income of $199 million and net income per diluted share
About this update from Zebra Technologies Corporation
[{"type":"text","content":"\nThird-Quarter Financial Highlights\n\n\nNet sales of $1,436 million; year-over-year increase of 26.9%\n\n\nNet income of $199 million and net income per diluted share of $3.69, year-over-year increases of 71.6% and 70.8%, respectively\n\n\nNon-GAAP diluted EPS increased 39.1% year-over-year to $4.55\n\n\nAdjusted EBITDA increased 35.7% year-over-year to $312 million\n\n\n \n\n LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--\nZebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced results for the third quarter ended October 2, 2021.\n\n\"Our team delivered exceptional third-quarter results that exceeded our outlook, supported by broad-based demand for our solutions and tireless actions taken to mitigate the impact of industry-wide supply chain disruption,” said Anders Gustafsson, Chief Executive Officer of Zebra Technologies. “We entered the fourth quarter with a strong order backlog and robust pipeline of business which supports our strong sales outlook despite extended lead times for certain products. Additionally, we are focused on investing in adjacent expansion markets that advance our Enterprise Asset Intelligence vision, including our recent acquisition of antuit.ai which provides AI-powered demand sensing for retailers and consumer packaged goods companies.”\n\n\n\n$ in millions, except per share amounts\n\n\n\n3Q21\n\n\n \n\n3Q20\n\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\nNet sales\n\n\n\n$\n\n\n\n1,436\n\n\n\n \n\n\n \n\n$\n\n\n\n1,132\n\n\n\n \n\n\n \n\n26.9\n\n\n\n%\n\n\n\n\n\nGross profit\n\n\n\n646\n\n\n\n \n\n\n \n\n493\n\n\n\n \n\n\n \n\n31.0\n\n\n\n%\n\n\n\n\n\nGross margin\n\n\n\n45.0\n\n\n\n%\n\n\n \n\n43.6\n\n\n\n%\n\n\n \n\n140 bps\n\n\n\n\n\nNet income\n\n\n\n199\n\n\n\n \n\n\n \n\n116\n\n\n\n \n\n\n \n\n71.6\n\n\n\n%\n\n\n\n\n\nNet income margin\n\n\n\n13.9\n\n\n\n%\n\n\n \n\n10.2\n\n\n\n%\n\n\n \n\n370 bps\n\n\n\n\n\nNet income per diluted share\n\n\n\n$\n\n\n\n3.69\n\n\n\n \n\n\n \n\n$\n\n\n\n2.16\n\n\n\n \n\n\n \n\n70.8\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\nSelect Non-GAAP measures:\n\n\n\n \n\n\n \n\n \n\n\n \n\n \n\n\n\n\n\nAdjusted net sales\n\n\n\n$\n\n\n\n1,436\n\n\n\n \n\n\n \n\n$\n\n\n\n1,134\n\n\...