Zebra Technologies Corporation reported 15.1% growth in net sales to a US$303,272,000 for the third quarter of 2014, compared with US$263,523,000 for the same period last year.
Diluted earnings per share of US$0.29 for the third quarter of 2014 include US$35,326,000 of acquisition expenses related to the acquisition of the Enterprise business of Motorola Solutions, which was completed on October 27, 2014.
Diluted earnings per share for the third quarter of 2013 were US$0.76 and included US$268,000 of acquisition expenses.
For the third quarter of 2014, non-generally accepted accounting principles net income was US$48,036,000, or US$0.93 per diluted share, up 22.9% from US$39,088,000, or US$0.77 per diluted share, for the third quarter of 2013.
“Broad strength across virtually all dimensions of our business led to excellent results for the quarter,” says CEO Anders Gustafsson.
“Favorable business momentum is continuing into the fourth quarter for Zebra and the Enterprise business that we acquired from Motorola Solutions on October 27.”
Net sales for Zebra increased 15.1% from the comparable quarter a year ago from sales growth in all geographic regions to new record levels.
The sales growth was broad, across multiple products and customers in retail, manufacturing, transportation and logistics and healthcare, among other industries.