February 2017

Zebra announces Q4 and full year 2016 financials
Zebra Technologies announced net sales of $942 million in Q4 2016 compared to $951 million in Q4 2015. Net income for Q4 2016 was $17 million, compared with a net loss of $28 million for Q4 2015. Full year 2016 sales were $3.574 billion in Q4 2016 compared to $3.65 billion in 2015. Net loss for 2016 was $137 million, compared with a net loss of $158 million in 2015. Of 2016 net sales, 65.2% came from the Enterprise division (i.e. the former Motorola Solutions enterprise division) and 34.8% from Legacy Zebra. In 2015, the split was 64.9 to 35.1%. Zebra CEO Anders Gustafsson said, "Zebra entered 2017 with an unmatched portfolio of innovative solutions, a solid backlog, and a healthy pipeline of opportunities to drive profitable sales growth." [See Zebra Q4 2016 financials] -- Posted Thursday, February 23, 2017 by chb