Zebra releases third quarter results

LINCOLNSHIRE - Zebra Technologies Corp. Tuesday said its third-quarter gross profit was $493 million compared to $535 million in the comparable prior year period.

The decrease was primarily due to unfavorable business mix, especially deal size, and $8 million of premium freight expense, the company said, all of which was partially offset by productivity gains within its service and software offerings. Net sales were $1.13 billion in the quarter compared to the same $1.13 billion in the third quarter of 2019.

Zebra Technologies provides products and solutions to elevate the shopping experience, track and manage inventory, as well as improve supply chain efficiency and patient care.

"Demand from our large strategic customers continues to be at record levels driven by accelerated trends to digitize and automate workflows as a result of the pandemic, while demand through the channel is recovering from the peak global macro pressure we saw in the second quarter," said Anders Gustafsson, chief executive officer.