Earnings ·
Zebra reports Q3 net income of $164M, or $3.43 per diluted share
ZBRAZebra Technologies Corp
Zebra Technologies reported third-quarter net sales of $1,614 million, a 22.3% increase year-over-year, driven by strong demand in its Connected Frontline and Asset Visibility & Automation segments. Net income rose to $164 million, or $3.43 per diluted share, compared to $101 million, or $1.97 per diluted share, in the prior year period. Non-GAAP diluted EPS increased 27.6% to $4.95, while adjusted EBITDA grew to $349 million. The company also repurchased $75 million of shares during the quarter and raised its full-year outlook, expecting fourth-quarter sales growth of 10% to 14%. Zebra Technologies provides hardware, software, and services for digitizing and automating workflows in industries such as retail, manufacturing, healthcare, and logistics.