Our asset intelligence and tracking segment, including printing and supplies, increased 9.7%, driven by a strong recovery in printing as we secured critical components to better satisfy record levels of customer demand.Įnterprise visibility and mobility segment sales increased 5.6%, with solid growth in both data capture and mobile computing solutions. ![]() In Q2, adjusted net sales increased 6.4%, including the impact of currency and acquisitions, and 6.9% on an organic basis as we secured a greater supply of certain products than we had anticipated. With that, I will now turn the call over to Nathan to review our Q2 financial results in more detail and discuss our revised 2022 outlook. Overall, we are pleased that our second quarter sales performance was near the high end of our expectations and EPS exceeded our guidance range as our team executed well on our efforts to mitigate supply chain challenges. We also scaled adjusted operating expenses to drive profitability while continuing to prudently invest in our growth initiatives. Our team successfully navigated the China COVID lockdowns, and our actions to redesign certain products and secure long-term purchase agreements enabled us to generate more supply, particularly for printers. Our healthcare, manufacturing, and retail and e-commerce end markets each grew faster than the corporate average. We realized growth across all major offerings, including printing, where we recovered at nicely from a challenging Q1. We realized double-digit sales growth in EMEA, Asia Pacific, and Latin America, and a slight decline in North America on strong prior year comparisons. For the quarter, we realized sales growth of nearly 7% and adjusted EBITDA margin of 21.9%, a 170-basis-point decrease, and non-GAAP diluted earnings per share of $4.61 a 1% increase from the prior year.Ĭustomer demand remains strong for our solutions, which digitize and automate workflows. Our team delivered solid second quarter results in a challenging macro environment. ![]() Good morning, everyone, and thank you for joining us. Anders Gustafsson - Chief Executive Officer
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |