— Zebra Technologies Corporation (NASDAQ: ZBRA) reported adjusted earnings of $3.56 per share for the fourth quarter of 2019, vs. $3.65 per share expected.
— Net income increased to $169 million or $3.10 per share from $115 million or $2.11 per share in the fourth quarter of 2018
— At $1.19 billion, fourth-quarter net sales were up 4.8% year-over-year, vs. $1.2 billion expected
— Adjusted EBITDA increased 6.3% annually to $255 million during the three-month period
— Expects first-quarter 2020 net sales to increase 4%-7% year-over-year, which includes one percentage point additive impact from acquisitions
— First-quarter adjusted EBITDA margin is expected to be 20%; adjusted earnings are expected to be in the range of $2.90 per share to $3.10 per share
— Expects full-year 2020 net sales to rise 4%-6% from last year, which includes about 30 basis point positive impact from acquisitions
— Full-year adjusted EBITDA margin is expected to be slightly above 22%; looking to generate free cash flow of at least $700 million in 2020
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