Zebra reports financial results from record quarter
LINCOLNSHIRE -- Zebra Technologies Corp. Tuesday said net sales were $1.3 billion in the first quarter of 2021 compared to $1.1 billion in the same period last year.
First-quarter gross profit was $655 million compared to $473 million in the prior year period. This increase was primarily due to favorable business mix, higher service and software margin, $10 million net favorability in Chinese import tariffs, and contribution from higher margin business acquisitions, Zebra said.
"I'm proud of our teams' exceptional first quarter performance as we continue to realize a strong recovery from the pandemic. We achieved record quarterly sales and earnings, which exceeded our expectations despite industry supply chain challenges," said Anders Gustafsson, chief executive officer.
Zebra maintains a growing portfolio of solutions that digitize and automate its customers' workflows in an increasingly on-demand economy.