ZBRA » Topics » Gross Profit

These excerpts taken from the ZBRA 10-K filed Feb 27, 2009.

Gross Profit

Gross profit information is summarized below (in thousands, except percentages):

 

     December 31,    Percent    Percent of    Percent of
             2008                    2007                    Change              Net sales - 2008          Net sales - 2007  

Three months ended

     $ 110,889          $ 113,298        (2.1)    47.7    48.5

Year ended

     479,305          417,118        14.9     49.1    48.0

The decrease in gross profit margin for the fourth quarter was due to unfavorable movements in foreign exchange movements and less favorable product mix in SPG, offset by higher margin ESG products gross margins. Foreign currency movements, net of hedging activities, decreased fourth quarter gross profit by $4,352,000. Foreign currency movements, net of hedging activities, for the full year increased gross profit by $6,391,000.

 

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Gross Profit

Gross profit information is summarized below (in thousands, except percentages)

 

For the Year Ended    Gross Profit    Percent of
Net sales
      

December 31, 2007

   $ 417,118        48.0    

December 31, 2006

     358,420        47.2    

Percent Change

     16.4       

 

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Table of Contents

The improvement in gross profit margin for 2007 was due to favorable foreign exchange movements and lower variances offset by an unfavorable product mix change.

This excerpt taken from the ZBRA 10-K filed Feb 29, 2008.

Gross Profit

Gross profit information is summarized below (in thousands except percentages)

 

For the Year Ended

   Gross Profit    Percent of
Total Sales
     

December 31, 2006

   $ 358,420    47.2

December 31, 2005

     353,420    50.3

Percent Change

     1.4   

Gross margin decreased largely because of:

 

   

Increases to excess inventory and cost change reserves

 

   

Less favorable purchase price variances,

 

   

Cycle count adjustments,

 

   

Overhead spending and labor variances related to facility expansion in the supplies organization,

 

   

Higher cost components required for RoHS Legislation compliance,

 

   

Pricing and negative product mix in the first and second quarters, and

 

   

Negative foreign exchange comparisons in the first quarter.

This excerpt taken from the ZBRA 10-Q filed Nov 2, 2007.

Gross Profit

Gross profit information is summarized below (in thousands, except percentages):

 

     Three Months Ended    Nine Months Ended
     September 29,
2007
   September 30,
2006
   Percent
Change
   September 29,
2007
   September 30,
2006
   Percent
Change

Gross Profit

   $ 104,628    $ 87,786    19.2    $ 303,820    $ 260,010    16.8

Gross Profit Margin (%)

     48.2      47.1         47.9      47.3   

 

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Gross profit margin was affected by favorable foreign currency movements, which resulted in increased gross profit by $4,026,000 for the third quarter, and $12,417,000 for the year to-date. Gross margin also improved due to reductions in manufacturing variances and a favorable product mix.

This excerpt taken from the ZBRA 10-Q filed Aug 3, 2007.

Gross Profit

Gross profit information is summarized below (in thousands, except percentages):

 

     Three Months Ended    Six Months Ended
     June 30,
2007
   July 1,
2006
   Percent
Change
   June 30,
2007
   July 1,
2006
   Percent
Change

Gross Profit

   $ 99,402    $ 89,526    11.0    $ 199,192    $ 172,224    15.7

Gross Margin

     47.6      47.8         47.7      47.4   

 

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Gross profit margin was affected by favorable foreign currency movements, which increased second quarter gross profit by $3,823,000 and $8,429,000 for the year to-date. The quarterly gross profit margin decreased as a result of higher warranty costs, higher distribution costs and product mix.

This excerpt taken from the ZBRA 10-Q filed May 4, 2007.

Gross Profit

Gross profit information is summarized below (in thousands, except percentages):

 

     Three Months Ended
     March 31,
2007
   April 1,
2006
   Percent
Change

Gross Profit

   $ 99,790    $ 82,698    20.7

Gross Margin

     47.8      47.0   

Gross profit margin was affected by favorable foreign currency movements, which increased first quarter gross profit by $4,606,000. Gross profit margin improvements were also a result of manufacturing variances and product mix.

This excerpt taken from the ZBRA 10-K filed Mar 1, 2007.

Gross Profit

Gross profit information is summarized below (in thousands except percentages)

 

 

 

Percent of

 

For the Year Ended

 

Gross Profit

 

Total Sales

 

December 31, 2005

 

$

353,420

 

50.3

 

December 31, 2004

 

342,103

 

51.6

 

Percent Change

 

3.3

 

 

 

 

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Gross margin decreased largely because of:

·                  Lower average unit prices,

·                  Increased warranty costs of $3,185,000 primarily related to the recall of a now discontinued product,

·                  Unfavorable exchange rate movements of $2,327,000 and

·                  Higher distribution costs of $1,908,000, which were related to the new distribution center in the Netherlands.

This excerpt taken from the ZBRA 10-Q filed Nov 8, 2006.

Gross Profit

Gross profit information is summarized below (in thousands, except percentages):

 

     Three Months Ended    Nine Months Ended  
   September 30,
2006
   October 1,
2005
(restated)
   Percent
Change
   September 30,
2006
   October 1,
2005
(restated)
   Percent
Change
 

Gross Profit

   $ 87,786    $ 87,533    0.3    $ 260,010    $ 263,808    (1.4 )

Gross Margin

     47.1      49.8         47.3      50.4   

For the third quarter and the year to-date, the decline in gross profit margin from the same period a year ago was due to the change in product mix and manufacturing variances. Approximately, 1.4 of the 2.7 percentage point decline in gross profit margin is attributable to mix shifts within the Zebra product line, including the growth in our supplies business. The remaining 1.3 percentage point decline was caused by manufacturing variances, including such items as increased raw material costs for RoHs compliance, higher freight expense (also related to this compliance requirement), and increases to inventory reserves.

 

-19-


This excerpt taken from the ZBRA 10-Q filed Aug 7, 2006.

Gross Profit

Gross profit information is summarized below (in thousands, except percentages):

 

     Three Months Ended    Six Months Ended  
     July 1,
2006
   July 2,
2005
(restated)
   Percent
Change
   July 1,
2006
   July 2,
2005
(restated)
   Percent
Change
 

Gross Profit

   $ 89,526    $ 89,147    0.4    $ 172,224    $ 176,276    (2.3 )

Gross Margin

     47.8      50.5         47.4      50.7   

For the second quarter and the year to-date, the decline in gross profit margin from the same period a year ago was due to the change in product mix toward lower margin products, lower unit prices, and unfavorable movements of the pound against the dollar, which increased the dollar value of the pound-denominated manufacturing costs by $1,072,000 for the quarter. In addition, increased freight costs and costs related to compliance with European (RoHs) regulations to eliminate hazardous material from electronic products also contributed to the decline in gross profit margin.

 

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Table of Contents
This excerpt taken from the ZBRA 10-Q filed May 10, 2006.

Gross Profit

Gross profit information is summarized below (in thousands, except percentages):

 

     Three Months Ended  
     April 1,
2006
   April 2,
2005
(restated)
   Percent
Change
 

Gross Profit

   $ 82,698    $ 87,128    (5.1 )

Gross Margin

     47.0      51.0   

The year-over-year decline in gross profit margin was principally due to unfavorable foreign currency movements, which reduced first quarter gross profit by $4,855,000. In addition, the change in product mix toward lower margin products, capacity constraints in label manufacturing, new product introductions, and increased costs related to compliance with European (RoHs) compliance to eliminate hazardous material from electronic products also contributed to the decline in gross profit margin.

This excerpt taken from the ZBRA 10-K filed Feb 28, 2006.

Gross Profit

Gross profit information is summarized below (in thousands except percentages)

 

 

 

 

 

Percent of

 

For the Year Ended

 

Gross Profit

 

Total Sales

 

December 31, 2004

 

$

343,159

 

51.8

 

December 31, 2003

 

273,077

 

50.9

 

Percent Change

 

25.7

 

 

 

 

Gross profit increased due to:

 

     

This excerpt taken from the ZBRA 10-Q filed May 6, 2005.

Gross Profit

Gross profit information is summarized below (in thousands, except percentages):

 

 

 

Three Months Ended

 

Percent Change

 

 

 

 

 

 

 

April 2, 2005

 

April 3, 2004

 

 

Gross Profit

 

$

87,365

 

$

80,603

 

8.4

 

 

 

 

 

Gross Margin

 

 

51.2

 

 

52.3

 

 

 

 

 

 

 

 

Gross margin decreased by 1.1 percentage points over last year. During an internal product review, we discovered a discrepancy in the specifications of a product. As a result, we recorded an additional reserve of $1,138,000 for the estimated cost to correct this issue.

 

This excerpt taken from the ZBRA 10-K filed Mar 3, 2005.

Gross Profit

Gross profit information is summarized below (in thousands except percentages)

 

 

 

 

 

Percent of

 

For the Year Ended

 

Gross Profit

 

Total Sales

 

December 31, 2003

 

$

273,077

 

50.9

 

December 31, 2002

 

230,747

 

48.5

 

Percent Change

 

18.3

 

 

 

 

Gross profit increased due to:

                 

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