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Dec 31, 2019
Zebra Q4 2019 Earnings Report
Zebra Technologies' Q4 2019 results were announced, showcasing revenue growth and increased profitability.
Key Takeaways
Zebra Technologies reported a 4.8% increase in net sales, reaching $1,192 million, driven by growth in North America and EMEA, although partially offset by lower sales in Asia-Pacific. Net income increased by 47.0% to $169 million, with diluted EPS rising by 46.9% to $3.10. Adjusted EBITDA also saw a 6.3% increase, reaching $255 million.
Net sales increased by 4.8% year-over-year to $1,192 million.
Net income rose by 47.0% year-over-year to $169 million.
Non-GAAP diluted EPS increased by 14.8% year-over-year to $3.56.
Adjusted EBITDA increased by 6.3% year-over-year to $255 million.
Revenue by Segment
Forward Guidance
The company anticipates net sales for the first quarter of 2020 to increase by approximately 4% to 7% compared to the first quarter of 2019. The adjusted EBITDA margin is expected to be around 20%. For the full year 2020, net sales are projected to increase by approximately 4% to 6% from 2019, with an adjusted EBITDA margin slightly higher than 22%.
Positive Outlook
- First-quarter 2020 net sales are expected to increase approximately 4% to 7% year-over-year.
- Acquisitions are expected to add approximately 1 percentage point to the net sales increase in the first quarter of 2020.
- The adjusted EBITDA margin is expected to be approximately 20% for the first quarter of 2020.
- Full-year 2020 net sales are expected to increase approximately 4% to 6% from 2019.
- The adjusted EBITDA margin is expected to be slightly higher than 22% for the full-year 2020.
Challenges Ahead
- The outlook does not take into account the full potential impact of the coronavirus outbreak.
- An approximate 1 percentage point negative impact from foreign currency translation is expected in the first quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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