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Zebra Technologies Announces 2008 Second Quarter Financial Results

prnewswire.com

Jul 24, 2008

Story Timeline: 78 days

Solid performance across the company leads to record sales and sustained high gross margin VERNON HILLS, Ill., July 24 /PRNewswire-FirstCall/ -. Zebra Technologies Corporation (Nasdaq: ZBRA) today announced 21.5% growth in net sales to a record $253,782,000 for the second quarter of 2008 from $208,912,000 for the second quarter of 2007. Net income for the period was $25,526,000, or $0.39 per diluted share, including exit costs of $4,680,000 which reduced earnings by $0.05 per diluted share. For the second quarter of 2007, net income was $25,633,000, or $0.37 per diluted share. "Strong business execution led to high international and North American sales growth for specialty printing and a sharp sequential increase in our enterprise solutions business," stated Anders Gustafsson, Zebra's chief executive officer. "Our programs... [read full story]

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