## Zebra Technologies Delivers Strong Q3 Results, Exceeding Expectations and Raising Full-Year Outlook
Zebra Technologies Corporation (ZBRA) announced strong financial results for the third quarter, exceeding analyst estimates on both sales and earnings. The company’s performance highlights its continued recovery and momentum in the market.
Key Highlights:
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Strong Sales Performance:
Zebra reported sales of $1.255 billion, surpassing analyst estimates of $1.217 billion. This growth can be attributed to the robust performance of both its key business segments.*
Profitability:
Zebra reported adjusted earnings of $3.49 per share, exceeding analyst estimates of $3.24 per share. This indicates a strong focus on cost management and operational efficiency.*
Segment Growth:
The Enterprise Visibility & Mobility segment saw impressive net sales of $845 million, reflecting a 33% increase year-over-year. The Asset Intelligence & Tracking segment also recorded significant growth, with net sales of $410 million, up 25.8% year-over-year. This demonstrates the strength of Zebra’s offerings in key markets like logistics and supply chain management.*
Strong Financial Position:
As of September 28, Zebra held $676 million in cash and cash equivalents, providing the company with a solid foundation for future investments and growth initiatives.Looking Forward:
Zebra’s CEO, Bill Burns, expressed optimism about the company’s future prospects. “Our third quarter performance reflects excellent execution by our teams supported by continuing recovery in demand, strong gross margin, and the completion of our restructuring actions, enabling us to deliver sales and earnings results above the high end of our outlook,” said Burns. “Our relentless focus on innovation continues to drive our competitive differentiation and secure wins.”
For the fourth quarter, Zebra anticipates sales growth between 28% and 31%, with adjusted earnings projected in the range of $3.80 to $4 per share. This outlook surpasses current analyst expectations, suggesting continued confidence in the company’s performance.
“We have increased our full year outlook for profitable growth to reflect our recent performance and continued momentum in demand,” added Burns.
Market Reaction:
Zebra’s stock price reacted positively to the strong earnings report, rising by 4.31% to 378.95 at the time of writing. The market’s response underscores investor confidence in the company’s future trajectory.
Overall, Zebra Technologies’ Q3 results demonstrate its resilience and growth potential in a challenging economic environment. The company’s focus on innovation and its strong financial position position it favorably for continued success in the years to come.
