Zebra Technologies (NASDAQ: ZBRA) reported Q2 EPS of $2.48, $0.25 better than the analyst estimate of $2.23. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $989.02 million.

• Strong net sales of $1,012 million; year-over-year growth of 12.9%
• Net income of $70 million and net income per diluted share of $1.29
• Non-GAAP diluted EPS increased 64% year-over-year to $2.48
• Adjusted EBITDA increased 25% year-over-year to $199 million; and adjusted EBITDA margin expanded 200 basis points year-over-year to 19.7%
• $140 million reduction of total debt

“Our second quarter results were driven by strong growth from our product and service offerings and disciplined operational execution. Sales and earnings results exceeded our previously communicated guidance ranges and strong free cash flow allowed us to reduce our net debt leverage ratio to 2.5x,” said Anders Gustafsson, chief executive officer of Zebra Technologies. “Given the strength of our results, we are raising our full-year outlook for sales growth and free cash flow. We continue to deliver digital innovation that enables our customers to compete effectively in today\'s on-demand economy.”

GUIDANCE:

Zebra Technologies sees Q3 2018 EPS of $2.50-$2.70, versus the consensus of $2.37.

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