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Oct 02, 2021
Zebra Q3 2021 Earnings Report
Zebra Technologies reported exceptional third-quarter results, exceeding expectations due to broad-based demand and effective mitigation of supply chain disruption.
Key Takeaways
Zebra Technologies announced strong third-quarter results with a 26.9% year-over-year increase in net sales, reaching $1,436 million. Net income also saw a significant rise of 71.6% to $199 million, with adjusted EBITDA increasing by 35.7% to $312 million.
Net sales increased by 26.9% year-over-year to $1,436 million.
Net income rose by 71.6% year-over-year to $199 million.
Non-GAAP diluted EPS increased by 39.1% year-over-year to $4.55.
Adjusted EBITDA increased by 35.7% year-over-year to $312 million.
Zebra
Zebra
Zebra Revenue by Segment
Revenue by Segment
EVM Revenue
CapyFin.comAIT Revenue
CapyFin.com Forward Guidance
The company expects fourth quarter 2021 adjusted net sales to increase 8% to 12% from the fourth quarter of 2020. Adjusted EBITDA margin for the fourth quarter of 2021 is expected to be slightly higher than 21%. Non-GAAP earnings per diluted share are expected to be in the range of $4.20 to $4.50. For the full-year 2021, free cash flow is now expected to be at least $950 million.
Positive Outlook
- Strong broad-based demand for solutions.
- Expected increase in adjusted net sales by 8% to 12%.
- Approximately 2 percentage point additive impact from foreign currency translation.
- Adjusted EBITDA margin expected to be slightly higher than 21%.
- Full-year 2021 free cash flow expected to be at least $950 million.
Challenges Ahead
- Industry-wide supply chain challenges.
- Includes approximately $55 million of premium freight expense.
- Uncertainty over future global economic conditions.
- Availability of credit and capital markets volatility may have adverse effects.
- Potential disruption in ability to obtain products from vendors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income