Zebra Technologies Announces 2015 Second Quarter Financial Results
Strong Sales Growth and Execution Drive Second Quarter Results
LINCOLNSHIRE, Ill., Aug. 11, 2015 /PRNewswire/ -- Zebra Technologies Corporation (NASDAQ: ZBRA) today reported that net sales for the three months ended July 4, 2015, were $889.8 million, compared with $288.4 million for the second quarter of 2014. The GAAP net loss for the second quarter was $76.3 million, or $1.50 per share, compared with GAAP net income of $27.6 million, or $0.54 per diluted share, for the second quarter of 2014.
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Summary Financial Performance (Unaudited) |
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$ in millions except per share data |
2Q15 |
2Q14 |
Change |
|
GAAP net sales |
$ 889.8 |
$ 288.4 |
208.5% |
|
Gross margin (%) |
44.2 |
49.3 |
(5.1) pts. |
|
GAAP net (loss) income |
$ (76.3) |
$ 27.6 |
NM |
|
GAAP (loss) earnings per share |
$ (1.50) |
$ 0.54 |
NM |
|
Non-GAAP net income |
$ 53.3 |
$ 47.0 |
13.5% |
|
Non-GAAP earnings per share |
$ 1.05 |
$ 0.92 |
14.1% |
|
Adjusted EBITDA |
$ 131.5 |
$ 67.0 |
96.5% |