US specialized printing equipment and RFID solutions supplier Zebra Technologies (Nasdaq: ZBRA) saw positive results in Mexico and Brazil during the last quarter of 2010, company CEO Anders Gustafsson said during a conference call with investors.
"Ongoing positive performance in Brazil and Mexico - our two largest countries in the region - was supplemented by improved results in other parts of Central and South America," Gustafsson said.
"We enjoyed record sales in Latin America, including shipments to an increased number of manufacturing customers as well as a large number of smaller deals," the executive added.
The company posted revenues of US$23.2mn in Latin America during the fourth quarter of 2010, a 14.9% increase compared with US$20.2mn in the year-ago period, the company said in a statement.
The region accounted for 9.4% of the company's global sales for the quarter, compared with 9.1% in the same quarter in 2009.
Global revenues during the fourth quarter reached US$248mn, up 11.5% on US$223mn recorded during the same quarter in 2009.
The company's Q4 net profits reached US$28.2mn, climbing 60.1% year-on-year.
For the full year, net sales were US$957mn, up 19.1% from US$804mn in 2009. Net income for 2010 totaled US$102mn, compared with US$47mn the previous year.
For the first quarter of 2011, the company expects net revenues of between US$224mn and US$234mn.
Use this link to see Zebra's full earnings statement.