Zebra Technologies' CEO Discusses Q2 2011 Results - Earnings Call Transcript

Zebra Technologies Corp. ( ZBRA ) Q2 2011 Earnings Call August 4, 2011 11:00 AM ET

Operator

Good morning, and welcome to the Zebra Technologies 2011 Second Quarter Earnings Release Conference Call. Joining us from Zebra Technologies are Anders Gustafsson, CEO; Mike Smiley, CFO; Mike Terzich, Senior Vice President, Global Sales and Marketing; and Doug Fox, Vice President, Investor Relations. All lines will be in a listen-only mode until after today’s presentation. Instructions will be given at that time in order to ask a question. At the request of Zebra Technologies, this conference call is being recorded. Should anyone have any objections, please disconnect at this time.

At this time, I would like to introduce Mr. Doug Fox of Zebra Technologies. Sir, you may begin.

Douglas Fox

Thank you. Good morning. Thank you for joining us today. Certain statements made on this call will relate to future events or circumstances, and therefore will be forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Words such as expect, believe and anticipate are a few examples of words identifying a forward-looking statement. Forward-looking information is subject to various risks and uncertainties, which could significantly affect expected results. Risk factors were noted in the news release issued this morning and are also described in Zebra’s 10-K for the year-ended December 31, 2010, which is on file with the SEC.

Now, let me turn the call over to Anders Gustafsson for some brief opening remarks.

Anders Gustafsson

Thank you, Doug and good morning, everyone. Today, Zebra reported another quarter of solid operating results. Specifically, we delivered 58% growth in earnings from continuing operations to a record $0.60 per share and $0.12 growth in sales to $245 million, also a record. The second quarter marks Zebra’s eighth consecutive quarter of sequential sales growth. We achieved improved operating leverage with continued high gross margins and effective control over operating expense growth.

Further, we maintained our aggressive buyback programs with a repurchase of 1 million shares of Zebra stock. The increasing success of our investments, strategic investments was complemented by a continuing favorable environment for solutions driving greater efficiencies in global supply chain. Zebra’s growing presence in emerging regions or step-up cadence or new product introductions together with expanded relationships with new channel partners enable Zebra to reach more customers more broadly and deeply in targeted vertical industries around the world.

Locating Zebra Labels for your Zebra Label Printer - Zebra Printers

ZEBRA LABEL PRINTERS AND ZEBRA LABELS

If you have a Zebra label printer, for finest outcomes you really should use Zebra labels. Despite the fact that a lot of men and women use distinct makes, makers often recommend utilizing these that are particularly developed for a manufacturer of printer for the finest benefits. With a label printer you may discover that really critical due to the fact any slight differentiation in size of texture of the labels may make them a lot less efficient or jam your printer.

Zebra labels are produced for your Zebra printer, but that doesn’t mean you have to purchase them the very same spot you bought your printer. There are several company provide stores each on and offline where you can acquire Zebra labels for your printer. The important is purchasing the labels that are made particularly for your printer in purchase to acquire the very best benefits. Utilizing yet another manufacturer of labels might not manage you the identical efficiency, and as this kind of, you will be throwing away your money to try to use any other than people suggested by the maker of your printer.

Making use of Zebra labels in a Zebra printer will assure that your printer provides the finest services of which it is capable. If you don’t have a Zebra printer, you can nevertheless use Zebra labels as lengthy as they meet the size and texture specifications for the label printer you have. Each of people factors are crucial since any variation from the measurement or texture can result in the labels to become stuck as they go by means of the printer and jam your machine. It is crucial to make positive the labels you use for your label printer are appropriate in buy to steer clear of these types of difficulties. Regular printer jams can result in injury to your printer and even if it can be under guarantee, you are essential to physical exercise sensible care—using the mistaken labels does not drop into the category of affordable treatment and will void your guarantee.

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