Zebra Technologies (ZBRA) Tops Q1 EPS by 4c, Offers Outlook

Zebra Technologies (NASDAQ: ZBRA) reported Q1 EPS of $2.92, $0.04 better than the analyst estimate of $2.88. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.05 billion.

Outlook

Second Quarter 2019

The company expects second-quarter 2019 net sales to increase approximately 7% to 9% from the second quarter of 2018. This expectation includes an approximately 250-300 basis point additive impact from recently acquired businesses, and an approximately 50 basis point negative impact from foreign currency translation.

Adjusted EBITDA margin is expected to be in the range of 20% to 21% for the second quarter of 2019. Non-GAAP earnings per diluted share are expected to be in the range of $2.80 to $2.95. This assumes an adjusted effective tax rate of approximately 16% to 17%.

Full Year 2019

The company expects full-year 2019 net sales to increase approximately 5% to 8% from 2018. This expectation includes an approximately 2 percentage point positive impact from recently acquired businesses, and an approximately 50 basis point negative impact from foreign currency translation.

Adjusted EBITDA margin is expected to be in the range of 21% and 22% for the full-year 2019, favorable to 2018.

For the full-year 2019, the company expects to generate free cash flow of at least $625 million.

For earnings history and earnings-related data on Zebra Technologies (ZBRA) click here.

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