Zebra Q2 2020 Earnings Report
Key Takeaways
Zebra Technologies announced Q2 2020 results with net sales of $956 million, a 12.9% year-over-year decrease. Net income was $100 million, and non-GAAP diluted EPS was $2.41. The company believes sales bottomed in Q2 and expects second half trends to improve.
Net sales decreased by 12.9% year-over-year to $956 million.
Net income decreased to $100 million, with diluted EPS of $1.85.
Non-GAAP diluted EPS decreased to $2.41.
Adjusted EBITDA decreased to $175 million.
Zebra
Zebra
Zebra Revenue by Segment
Forward Guidance
The company expects third-quarter 2020 net sales to decrease approximately 3% to 7% from the third quarter of 2019 due to the continued recessionary global environment from COVID-19. Adjusted EBITDA margin for the third quarter of 2020 is expected to be approximately 19%, and Non-GAAP earnings per diluted share are expected to be in the range of $2.65 to $2.95.
Revenue & Expenses
Visualization of income flow from segment revenue to net income