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Dec 31, 2021
Zebra Q4 2021 Earnings Report
Announced fourth-quarter and full-year 2021 results, demonstrating solid performance despite supply chain challenges.
Key Takeaways
Zebra Technologies reported a 12.2% increase in net sales for Q4 2021, reaching $1,467 million. Net income decreased by 4.0% to $191 million, while adjusted EBITDA increased by 3.6% to $319 million. The company anticipates continued growth in 2022, driven by a strong order backlog and pipeline.
Net sales increased by 12.2% year-over-year to $1,467 million.
Net income decreased by 4.0% year-over-year to $191 million.
Non-GAAP diluted EPS increased by 1.8% year-over-year to $4.54.
Adjusted EBITDA increased by 3.6% year-over-year to $319 million.
Zebra
Zebra
Zebra Revenue by Segment
Revenue by Segment
EVM Revenue
CapyFin.comAIT Revenue
CapyFin.com Forward Guidance
The company expects adjusted net sales to increase 1% to 3% compared to the first quarter of 2021. Adjusted EBITDA margin is expected to be approximately 20%. Non-GAAP earnings per diluted share are expected to be in the range of $3.70 to $4.00.
Positive Outlook
- Adjusted net sales are expected to increase 1% to 3% compared to Q1 2021.
- Acquisitions and foreign currency translation are expected to have an additive impact of approximately 1 percentage point on adjusted net sales.
- Adjusted EBITDA margin is expected to be approximately 20%.
- Non-GAAP earnings per diluted share are expected to be in the range of $3.70 to $4.00.
- Assumes an adjusted effective tax rate of approximately 18%.
Challenges Ahead
- Includes approximately $60 million of premium freight expense.
- Supply chain constraints may continue to impact ability to fully satisfy customer demand.
- Unspecified risks associated with acquisitions and foreign currency translation.
- The inherent difficulty of forecasting the timing or amount of various items that have not yet occurred.
- Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income