Zebra Technologies Announces Sales, Earnings Update for 1Q 2014

Zebra Technologies announced that it expects to report sales for the first quarter of 2014 in the range of $287,000,000 to $289,000,000, or 21% over the $236,937,000 in sales reported for the first quarter of 2013.

Earnings are expected in a range of $0.79 to $0.82 per share, up approximately 74% from $0.46 per share for the first quarter of 2013. Earnings for the first quarter of 2014 are expected in a range of $0.88 to $0.91 per share, excluding $0.09 per share of approximately $5,000,000 in acquisition expenses. Financial results for the first quarter of 2013 included exit, acquisition and restructuring costs of $0.04 per share. Excluding the charges in both periods, estimated earnings per share for the first quarter of 2014 are expected to increase by approximately 80 percent year over year.

“Business activity remained strong and steady throughout the quarter and across our geographic regions,” stated Anders Gustafsson, Zebra’s CEO. “Our Hart Systems business, which we acquired at the end of 2013, also made a positive contribution to the quarter.”

Zebra is scheduled to report its 2014 first quarter financial results and host a conference call on May 6. Until then, the company will not be providing any additional details regarding performance for the period or any guidance.