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Zebra Technologies Announces First - Quarter 2021 Results investors.zebra.com/news-and-events/news/news-details/2021/Zebra-Technologies-Announces-First-Quarter-2021-Results/ 05/04/2021 First - Quarter Financial Highlights • Net sales of $ 1,347 million ; year - over - year increase of 28.0 % • Net income of $ 228 million and net income per diluted share of $ 4.22 , year - over - year increases of 156.2 % and 155.8 % , respectively • Non - GAAP diluted EPS increases 79.4 % year - over - year to $ 4.79 Adjusted EBITDA increases 69.7 % year - over - year to $ 341 million LINCOLNSHIRE , III .-- ( 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 first quarter ended April 3 , 2021 . " I'm proud of our teams ' exceptional first quarter performance as we continue to realize a strong recovery from the pandemic . We achieved record quarterly sales and earnings which exceeded our expectations , despite industry supply chain challenges , " said Anders Gustafsson , Chief Executive Officer of Zebra Technologies . " We enter Q2 with a strong order backlog as we see global business demand recover and customers prioritizing spending on our solutions . This momentum drives our exceptionally strong Q2 sales growth expectation , and coupled with our encouraging pipeline of business , enables us to raise our full year 2021 outlook for both sales and profitability . We continue to be excited about our growing portfolio of solutions that digitize and automate our customers ' workflows in an increasingly on - demand economy . " $ in millions , except per share amounts 1Q21 Select reported measures : Net sales Gross profit Gross margin Net income Net income margin Net income per diluted share Select Non - GAAP measures : Adjusted net sales Organic net sales growth Adjusted gross profit Adjusted gross margin Adjusted EBITDA Adjusted EBITDA margin Non - GAAP net income Non - GAAP earnings per diluted share $ 1,347 655 48.6 228 16.9 $ 4.22 $ 1,350 660 48.9 341 25.3 $ 258 $ 4.79 1Q20 $ 1,052 473 % 45.0 89 % 8.5 $ 1.65 $ 1,052 475 % 45.2 201 % 19.1 $ 145 $ 2.67 Change 28.0 % 38.5 % % 360 bps 156.2 % % 840 bps 155.8 % 28.3 % 25.0 % 38.9 % % 370 bps 69.7 % % 620 bps 77.9 % 79.4 % Net sales were $ 1,347 million in the first quarter of 2021 compared to $ 1,052 million in the first quarter of 2020. Net sales in the Enterprise Visibility & Mobility ( " EVM " ) segment were $ 914 million in the first quarter of 2021 compared with $ 697 million in the first quarter of 2020 . Asset Intelligence & Tracking ( " AIT " ) segment net sales were $ 436 million in the first quarter of 2021 compared to $ 355 million in the prior 1/14