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Zebra Technologies Corporation (NASDAQ: ZBRA) is a global leader in providing innovative tracking technology and solutions that transform physical elements into digital insights. Specializing in automatic identification and data capture (AIDC) technology, Zebra’s diverse product portfolio includes barcode printers and scanners, mobile computers, and sophisticated workflow optimization software.
Zebra's solutions are designed to give unprecedented visibility into businesses, offering real-time insights into the location and condition of products, assets, and people. This real-time data empowers businesses to make more informed decisions, enhance operational efficiency, and respond quickly to changing conditions. Zebra primarily serves sectors such as retail, transportation logistics, manufacturing, and healthcare, providing tailored solutions to meet the unique needs of each market.
Recent achievements include advancements in RFID technology, partnerships with leading tech companies, and the launch of new products designed to improve asset tracking and management. Financially, Zebra Technologies continues to demonstrate robust performance, with continuous revenue growth and solid market presence.
By integrating physical assets with digital technology, Zebra Technologies helps organizations understand their operations in depth and optimize their workflows for better performance and profitability.
Zebra Technologies has launched the ET80 and ET85, its first rugged tablets supporting Wi-Fi 6E and 5G. These devices, powered by Intel's 11th Gen processors, enhance productivity and connectivity for industries like public safety, government, field service, and manufacturing. Weighing under 2.9 pounds, they can function as both tablets and laptop replacements. With features such as a detachable keyboard, longer battery life, and Mobility DNA software tools, these tablets aim to improve communication and usability in challenging environments.
Zebra Technologies (NASDAQ: ZBRA) is enhancing its MotionWorks Yard solution by integrating FourKites’ Dynamic Yard for improved asset visibility in logistics. This collaboration aims to modernize the digital supply chain, providing real-time freight visibility from warehouse to yard across North America and Europe. Zebra's integration will combine its locationing hardware with FourKites’ platform, improving operational efficiency and reducing shipment tracking inquiries by nearly 75%. This partnership is expected to enhance supply chain transparency and performance for its customers.
Zebra Technologies (NASDAQ: ZBRA) announced its intention to acquire antuit.ai, a provider of AI-powered SaaS solutions for retail and consumer packaged goods (CPG). This acquisition aims to enhance Zebra's portfolio by integrating advanced demand forecasting and inventory optimization capabilities. Antuit.ai's solutions will help retailers better manage product placement, pricing, and promotions, ultimately driving revenue growth. The transaction is expected to close in 2021, funded through Zebra’s cash reserves, and is estimated to have an immaterial impact on earnings in the same year.
Zebra Technologies Corporation (NASDAQ: ZBRA) has successfully acquired Fetch Robotics, enhancing its capabilities in automation. Fetch Robotics specializes in Autonomous Mobile Robots (AMRs) that optimize picking processes in fulfillment and distribution centers, as well as facilitate material delivery in manufacturing. This acquisition aligns with Zebra's mission to empower industries with advanced solutions, bolstering their existing offerings in retail, manufacturing, and logistics. The integration is expected to improve efficiency and operational performance across these sectors.
Zebra Technologies Corporation (NASDAQ: ZBRA) reported a strong second quarter of 2021, achieving net sales of $1,377 million, a 44% increase from the previous year. Gross profit rose 57% to $658 million, with an improved gross margin of 47.8%. Net income surged by 119% to $219 million, or $4.07 per diluted share. The company anticipates continued growth, forecasting a 21% to 25% increase in adjusted net sales for Q3 2021 and an adjusted free cash flow of at least $900 million for the full year. Supply chain challenges persist, but a robust order backlog supports the optimistic outlook.
Zebra Technologies Corporation (NASDAQ: ZBRA) will report its Q2 2021 financial results on August 3, 2021, followed by a conference call at 7:30 a.m. CT. Investors can access the live webcast through the company's investor relations webpage. Zebra focuses on providing innovative solutions in various industries, empowering businesses to optimize performance. The company has over 10,000 partners worldwide, enhancing operations in retail, manufacturing, healthcare, and more. Zebra was recognized in the Forbes Global 2000 and Fast Company’s Best Companies for Innovators in 2020.
Zebra Technologies (NASDAQ: ZBRA) has announced an extended partnership with the Reese’s Senior Bowl through 2024, continuing to provide RFID player and ball tracking technology. This technology will deliver key performance insights during practices and the game, enhancing NFL talent evaluations. New for 2022, Zebra will present several player performance awards and will support game week credentialing alongside Stark RFID. More than 130 players will be tracked, collecting metrics like speed and distance. The 73rd Senior Bowl is scheduled for February 5, 2022.
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