This excerpt taken from the ZBRA 8-K filed Feb 8, 2006.
Vernon Hills, IL, February 8, 2006Zebra Technologies Corporation (NASDAQ: ZBRA) today announced that sales and earnings for the fourth quarter of 2005 were at the top end of its forecasted range, with net sales for the three months ended December 31, 2005, at a record $179,294,000, compared with $174,874,000 for the same period in 2004. Quarterly net income for 2005 was $28,293,000, or $0.40 per diluted share, versus $31,962,000, or $0.44 per diluted share, for 2004. For the full year, net sales were a record $702,271,000, up 5.9% over $663,054,000 for 2004. Full-year net income was $111,603,000, or $1.55 per diluted share, for 2005, compared with $120,643,000, or $1.66 per diluted share, for 2004.
We are pleased with our results, which reflect ongoing spending on strategic business activities, stated Edward Kaplan, Zebras chairman and chief executive officer. Our extended global reach generated sales growth in emerging and under-served regions, including China, Eastern Europe and Latin America. Zebras reputation for innovation and quality was evident in RFID, where our broad range of printer/encoders and complementary media helped us increase market leadership. Effective channel programs strengthened distribution, and we built important business alliances with integrators for vertical market applications. During the fourth quarter, we introduced new products that are being deployed to serve a wider range of specialty printing solutions. These and other accomplishments will have a greater effect on our business as we progress through 2006. We will also build on this foundation by continuing to invest where we see opportunities to create even greater value for stockholders over the long term. The outlook for Zebra is positive and we remain optimistic about our future.