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Dec 31, 2020
Zebra Q4 2020 Earnings Report
Zebra Technologies' Q4 2020 earnings were announced, demonstrating significant growth and exceeding expectations.
Key Takeaways
Zebra Technologies reported a strong fourth quarter with record sales, EBITDA, earnings per share, and free cash flow. Net sales increased by 9.7% year-over-year to $1,308 million, and adjusted EBITDA increased by 20.8% to $308 million.
Net sales increased by 9.7% year-over-year, reaching $1,308 million.
Net income saw a year-over-year increase of 17.8%, amounting to $199 million.
Non-GAAP diluted EPS increased by 25.3% year-over-year, reaching $4.46.
Adjusted EBITDA increased by 20.8% year-over-year, reaching $308 million.
Revenue by Segment
Forward Guidance
The company expects adjusted net sales to increase 25% to 29% compared to the first quarter of 2020. Adjusted EBITDA margin is expected to be slightly higher than 23%. Non-GAAP earnings per diluted share are expected to be in the range of $4.30 to $4.50.
Positive Outlook
- Adjusted net sales are expected to increase 25% to 29% compared to Q1 2020.
- The guidance includes an approximately 300 to 350 basis point additive impact from the Reflexis acquisition and foreign currency translation.
- Adjusted EBITDA margin is expected to be slightly higher than 23%.
- Non-GAAP earnings per diluted share are expected to be in the range of $4.30 to $4.50.
- Assumes an adjusted effective tax rate between 17% and 18%.
Challenges Ahead
- Expects $10 million of premium freight expense.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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