ZEBRA TECHNOLOGIES REPORTS RECORD SECOND QUARTER
ZEBRA TECHNOLOGIES REPORTS RECORD SECOND QUARTER VERNON HILLS, Ill., July 14 /PRNewswire/ -- Zebra Technologies Corp.
(NASDAQ: BRA), an international provider of bar code labeling solutions to the automatic identification industry, reported record second quarter and year-to-date results for the three- and six- month periods that ended June 27.
Zebra's Chief Financial Officer Charles R. Whitchurch stated second quarter sales were up 23.1 percent from one year ago, to $14,928,000, a new record. Net profits of $3,115,000 increased by 32.1 percent. Earnings per share of $0.26 per share also were a record, up 18 percent despite 9.7 percent more shares outstanding due to the company's IPO last August. "We are very excited about these results since the comparison is with our strongest quarter from last year," Whitchurch said. "Initial expectations had been for a flat to down quarter due to the unusual strength of the company's performance in the second quarter of '91," he continued. "However, shipments in the quarter were boosted by strong performance from our Value-Line (TM) printers that were introduced late last year," Whitchurch explained. "In addition, margins were increased by successful cost reduction efforts and high production levels. Order rates continue to be strong. Business is excellent." Year-to-date results also set records in both sales and earnings. Shipments of $28,098,000 were up 34.4 percent compared to 1991. Net profits of $5,445,000 were up 47.6 percent. Year-to-date EPS was reported at $0.45 and compares to $0.34 for the first six months of 1991, again on a 9.7 percent increase in outstanding shares. Zebra Technologies manufactures a broad line of thermal transfer demand label printers and associated supplies which are marketed through a multiple channel distribution system primarily to the non-retail segment of the automatic identification industry. ZEBRA TECHNOLOGIES Summary Financial Results Three Months Periods ended 6/27/92 6/29/91 Sales $14,928,000 $12,128,000 Net profits $ 3,115,000 $ 2,358,000 EPS $ .26 $ .22 Average shares 11,978,000 10,918,000 Six Months Periods ended 6/27/92 6/29/91 Sales $28,098,000 $20,900,000 Net profits $ 5,445,000 $ 3,688,000 EPS $ .45 $ .34 Average shares 11,978,000 10,918,000 -0- 7/14/92 /CONTACT: Charles R. Whitchurch, chief financial officer of Zebra Technologies, 708-634-6700/ (ZBRA) CO: Zebra Technologies Corp. ST: Illinois IN: SU: ERN
AH -- NY076 -- 9262 07/14/92 16:42 EDT
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|Date:||Jul 14, 1992|
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