ZBRA » Topics » Vernon Hills, IL, July 27, 2005-

This excerpt taken from the ZBRA 8-K filed Jul 27, 2005.
Vernon Hills, IL, July 27, 2005—Zebra Technologies Corporation (NASDAQ: ZBRA) today announced net sales for the quarter that ended July 2, 2005, were a record $176,614,000, up 8.5% from $162,830,000 for the same period in 2004. Net income for the second quarter was $26,763,000 versus $29,428,000, with corresponding diluted earnings per share of $0.37 versus $0.41. Per-share figures have been adjusted for a three-for-two stock split paid on August 25, 2004, in the form of a 50% stock dividend.

 

“These financial results did not meet expectations and reflect weakness in sales to retail accounts in our two largest territories, a business slowdown in parts of Europe, and higher operating expenses,” stated Edward Kaplan, Zebra’s chairman and chief executive officer. “These circumstances mask significant progress and growth in several areas of our business. Shipments to customers other than retail remained firm, and the company benefited from strong growth in emerging Latin America, Asia Pacific and Eastern Europe regions. Zebra’s financial strength and leading position in fundamentally healthy markets with long-term favorable growth prospects keep us optimistic about our ability to build value in the company for all of its stockholders.”

 

This excerpt taken from the ZBRA 8-K filed May 4, 2005.
Vernon Hills, IL, May 4, 2005–Zebra Technologies Corporation (NASDAQ: ZBRA) today announced net sales for the quarter that ended April 2, 2005 increased 10.7% to $170,727,000 from $154,174,000 for the same period in 2004. Quarterly net income was $27,107,000, versus $27,934,000, and diluted earnings per share decreased to $0.37 from $0.39. Per-share figures have been adjusted for a three-for-two stock split paid on August 25, 2004, in the form of a 50% stock dividend.

 

“First quarter results were disappointing and did not meet company expectations for the first time in 15 quarters,” stated Edward Kaplan, Zebra’s chairman and chief executive officer. “Results were affected by an order slowdown, including some order deferrals, and distribution capacity constraints in Europe at the end of the quarter. These events overshadow general strength in our core markets and important progress and performance in a great number of areas. We strengthened our international infrastructure, introduced a new mobile printer platform, built out teams supporting vertical market applications, and advanced our strategic position in radio frequency identification technology. We remain very positive for many reasons toward further growth and stockholder value creation over the long term.”

 

This excerpt taken from the ZBRA 8-K filed Feb 9, 2005.
Vernon Hills, IL, February 9, 2005—Zebra Technologies Corporation (Nasdaq: ZBRA) today announced strong growth in net sales, net income and earnings per share to record levels for the fourth quarter and year that ended December 31, 2004. Quarterly net income increased 31.0% to $31,963,000, or $0.44 per diluted share, from $24,395,000, or $0.34 per diluted share, for the same period a year ago. Net sales for the fourth quarter of $174,874,000 topped the upper end of the company’s sales guidance range and were up 18.8% from $147,200,000 for the fourth quarter of 2003. Per-share figures were adjusted for a three-for-two stock split that was paid on August 25, 2004, in the form of a 50% stock dividend. Zebra also announced continued strong business momentum and a favorable outlook for the first quarter of 2005.

 

For 2004, annual net income increased 31.6% to a record $120,643,000, or $1.66 per diluted share, from 2003’s $91,696,000, or $1.28 per diluted share. Record net sales for 2004 were $663,054,000, up 23.6% from $536,397,000 for the prior year.

 

“High sales growth across all dimensions of our business – products, channels, geographic regions – helped sustain exceptional business strength throughout the year,” stated Edward Kaplan, Zebra’s chairman and chief executive officer. “Our performance is a direct result of pursuing a strategy to gain market share, extend global reach and deliver more solutions for established and high-growth specialty printing applications. We are serving international customers better with more Zebra representatives working with a more robust set of valued channel partners in strategic geographic territories. Our entire range of printer products is consistently meeting with strong market demand, as companies and organizations build infrastructure and enable enterprise mobility.”

 

Mr. Kaplan added, “We enter 2005 with positive business momentum, a stronger Zebra brand, better business execution and greatly extended competitive leadership. The trends that made for a successful 2004 will have an enduring effect this year and beyond: greater deployments of mobile and wireless printing, better coverage in high-growth international geographic regions including China, and a wider array of business improvement applications with robust thermal printer products. All of this, plus the growing opportunities in radio frequency identification and vertical market applications make us optimistic about further growth and success in building greater stockholder value in 2005.”

 

At December 31, 2004, Zebra had $557,993,000 in cash, investments and marketable securities, and no long-term debt. Inventories totaled $59,255,000 and accounts receivable were $96,881,000 to reflect the higher level of business.

 

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