Net income for the fourth quarter of 2021 was $191 million, or $3.55 per diluted share, compared to net income of $199 million, or $3.70 per diluted share, for the fourth quarter of 2020. Adjusted operating expenses increased in the fourth quarter of 2021 to $370 million from $336 million in the prior year period. Operating expenses increased in the fourth quarter of 2021 to $446 million from $387 million in the prior year period primarily due to recently acquired businesses and higher employee incentive-based compensation expense associated with improved financial performance. Adjusted gross margin was 45.7% in the fourth quarter of 2021, compared to 47.8% in the prior year period.
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This decrease was primarily due to higher premium freight costs as well as lower recoveries of Chinese import tariffs compared to the prior year, partially offset by higher service and software margin. Gross margin decreased to 45.6% for the fourth quarter of 2021, compared to 47.2% in the prior year period. Fourth-quarter year-over-year organic net sales increased by 13.2% in the EVM segment and increased by 3.1% in the AIT segment.įourth-quarter 2021 gross profit was $669 million compared to $618 million in the prior year period. Consolidated organic net sales for the fourth quarter increased 10.0%. Asset Intelligence & Tracking ("AIT") segment net sales were $444 million in the fourth quarter of 2021 compared to $425 million in the prior year period. Net sales in the Enterprise Visibility & Mobility ("EVM") segment were $1,023 million in the fourth quarter of 2021 compared with $888 million in the fourth quarter of 2020.
Net sales were $1,467 million in the fourth quarter of 2021 compared to $1,308 million in the fourth quarter of 2020. The continued opportunities in our vibrant core and expansion markets advance our Enterprise Asset Intelligence vision and enable us to increase our long-term organic sales growth expectations." “While the supply chain constrains us from fully satisfying customer demand, we enter the year with a strong order backlog and a robust pipeline of business, positioning us well for profitable growth in 2022. Performance was at the high end of our guidance, despite an exceptionally challenging supply chain environment, including premium freight costs that were higher than our expectations,” said Anders Gustafsson, Chief Executive Officer of Zebra Technologies. "Our team delivered solid fourth quarter results, closing out a record year of sales and profitability.
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LINCOLNSHIRE, Ill.-(BUSINESS WIRE)- Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced results for the fourth quarter and full year ended December 31, 2021. Non-GAAP diluted EPS increased 1.8% year-over-year to $4.54Īdjusted EBITDA increased 3.6% year-over-year to $319 million Net income of $191 million and net income per diluted share of $3.55, year-over-year decreases of 4.0% and 4.1%, respectively Net sales of $1,467 million year-over-year increase of 12.2%
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