ZBRA » Topics » Zebra Technologies Announces Record Sales for Fourth Quarter of 2006

This excerpt taken from the ZBRA 8-K filed Feb 14, 2007.

Zebra Technologies Announces Record Sales for Fourth Quarter of 2006

Company achieves strong growth and record sales in North America;

Results include reserve for insurance receivable

Vernon Hills, IL, February 14, 2007—Zebra Technologies Corporation (NASDAQ: ZBRA) today announced that net sales increased 17.1% for the quarter ended December 31, 2006, to a record $209,903,000, compared with $179,294,000 for the same period a year ago. Net income for the period was $21,446,000, or $0.30 per diluted share, including a pretax charge of $12,543,000 for the reserve of an insurance receivable. This charge reduced 2006 fourth quarter diluted earnings by $0.12 per share. For the fourth quarter a year ago, net income was $26,845,000, or $0.38 per diluted share. Results for 2005 were restated to reflect the adoption of SFAS 123(R), Share-Based Payments.

“Zebra’s strong growth across all areas of our business benefited from programs to extend global reach and serve high-growth vertical markets with robust solutions,” stated Edward Kaplan, Zebra’s chairman and chief executive officer. “We enter 2007 with great optimism for further growth. We have continued favorable momentum in our core business, supported by increasing traction of recently introduced products. On top of this, our entry into real time locating systems (RTLS) with the acquisition of WhereNet in January adds another dimension of growth, access to active RFID and opportunity to build value for stockholders.”

This excerpt taken from the ZBRA 8-K filed Jul 26, 2006.

Zebra Technologies Announces Record Sales for Second Quarter of 2006

Vernon Hills, IL, July 26, 2006—Zebra Technologies Corporation (NASDAQ: ZBRA) today announced that net income for the period ended July 1, 2006, advanced 8.8% to $27,672,000, or $0.39 per diluted share, on 6.1% growth in net sales to $187,421,000, a quarterly record. For the second quarter a year ago, the company reported net income of $25,446,000, or $0.35 per diluted share, on $176,614,000 in net sales. Results for 2005 were restated to reflect the adoption of SFAS 123(R), Share-Based Payments.

“Record shipments are the tangible result of a strategy to serve a wider range of printing solutions worldwide,” stated Edward Kaplan, Zebra’s chairman and chief executive officer. “Zebra’s extended global reach is translating into high growth in international regions. We are capturing more opportunities in healthcare, route accounting, retail and other vertical market applications. With a much more diversified business across products, channels and markets, we remain optimistic about our growth prospects and confident in our abilities to build greater stockholder value.”

EXCERPTS ON THIS PAGE:

8-K
Feb 14, 2007
8-K
Jul 26, 2006
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