Printer Friendly

ZEBRA TECHNOLOGIES REPORTS RECORD SALES AND PROFITS

 VERNON HILLS, Ill., Oct. 20 /PRNewswire/ -- Zebra Technologies Corp. today reported a 57.6 percent increase in sales and 64.3 percent increase in net income for third quarter ending Oct. 2. Earnings per share were reported at $0.43, an increase of 65.4 percent.
 Zebra's net profits for the quarter were $5,102,000 on sales of $23,071,000. Both figures are new records for the company. Year-to-date sales reached $63,712,000, up 49.1 percent, and net profits of $13,024,000 were up 52.3 percent compared to last year.
 "Through three quarters of 1993 we have greater sales and net profits than all of 1992," noted Charles R. Whitchurch, Zebra's chief financial officer. "Especially encouraging is the fact that third quarter shipments exceeded second quarter. Normally, third quarter shipments are flat-to-down compared to second quarter."
 "Our financial performance this year can be traced to several factors," Whitchurch added. "Excellent market reception to our STRIPE printer line, solid gross margins, and restrained growth in operating expenses. Each has contributed to a strong increase in operating margins compared to last year." Zebra's year-to-date operating margins expanded to 28.4 percent compared to 26.7 percent at this point last year.
 Zebra is announcing this week at Scan-Tech, the industry's largest trade
show being held in Philadelphia, a revolutionary new printer technology. The STRETCH Extended Ribbon System is a proprietary technology that significantly reduces the cost of the printed label, making quality thermal transfer labels directly competitive with laser and direct thermal labels. Zebra expects that this will result in a material increase in supplies revenue and profits in 1994.
 Zebra Technologies manufactures a broad line of thermal transfer demand label printers and associated supplies which are marketed in 47 countries throughout the world. The company's stock is traded Over the Counter under the NASDAQ symbol ZBRA.
 ZEBRA TECHNOLOGIES
 SUMMARY FINANCIAL RESULTS

 For The Three Months Ended Oct. 2, Sept. 26,
 1993 1992
 Sales $23,071,000 $14,643,000
 Net Profits $ 5,102,000 $ 3,106,000
 EPS $ .43 .26
 Average Shares 11,991,000 11,978,000
 For The Nine Months Ended Oct. 2, Sept. 26,
 1993 1992
 Sales $63,712,000 $42,741,000
 Net Profits $13,024,000 $ 8,551,000
 EPS $ 1.09 .71
 Average Shares 11,990,000 11,978,000
 -0- 10/20/93
 /CONTACT: Charles R. Whitchurch, chief financial officer of Zebra, 708-634-6700/
 (ZBRA)


CO: Zebra Technologies ST: Illinois IN: CPR SU: ERN

LG -- NY017 -- 4392 10/20/93 08:48 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 20, 1993
Words:424
Previous Article:TOP OPERATING EXECUTIVE AT RELIANCE ELECTRIC COMPANY TO JOIN CLAYTON, DUBILIER & RICE, INC.
Next Article:INTERNATIONAL CABLETEL INCORPORATED TO FORM JOINT VENTURE FOR SUBURBAN LONDON CABLE AND TELEPHONE FRANCHISE
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters