ZEBRA TECHNOLOGIES FOUNDED PDF
ZEBRA TECHNOLOGIES FOUNDED FULL
ZEBRA TECHNOLOGIES FOUNDED FREE

This assumes an adjusted effective tax rate of approximately 19% reflecting the United Kingdom's corporate tax rate increase. Non-GAAP diluted earnings per share are expected to be in the range of $3.20 to $3.40. This expectation includes an approximately 2 percentage point negative impact from foreign currency translation and an approximately 1 percentage point additive impact from acquisitions.Īdjusted EBITDA margin for the second quarter of 2023 is expected to be approximately 20%. The Company expects second quarter 2023 net sales to decrease between 9% and 11% compared to the prior year. The Company made share repurchases under its existing authorization of $15 million, and had net debt borrowings of $72 million.

ZEBRA TECHNOLOGIES FOUNDED FREE

Non-GAAP net income for the first quarter of 2023 decreased to $204 million, or $3.94 per diluted share, compared to $214 million, or $4.01 per diluted share, for the prior year.Īdjusted EBITDA for the first quarter of 2023 increased to $301 million, or 21.4% of adjusted net sales, compared to $285 million, or 19.9% of adjusted net sales for the prior year primarily due to higher gross profit.Īs of April 1, 2023, the Company had cash and cash equivalents of $85 million and total debt of $2,103 million.įor the first three months of 2023, net cash used in operating activities was $76 million and the Company made capital expenditures of $16 million, resulting in negative free cash flow of $92 million. Net income for the first quarter of 2023 was $150 million, or $2.90 income per diluted share, compared to net income of $205 million, or $3.83 per diluted share, for the prior year.

Adjusted operating expenses increased in the first quarter of 2023 to $384 million from $372 million in the prior year. Operating expenses increased in the first quarter of 2023 to $442 million from $425 million in the prior year, primarily due to expenses associated with restructuring activities and recently acquired businesses, partially offset by lower intangible amortization expense.

Adjusted gross margin was 47.5% in the first quarter of 2023 compared to 44.6% in the prior year. The increase was primarily due to lower premium supply chain costs, partially offset by unfavorable foreign currency changes. Gross margin increased to 47.5% for the first quarter of 2023 compared to 44.5% in the prior year. Consolidated organic net sales for the first quarter decreased 0.3% year-over-year, with an 11.2% decrease in the EVM segment and 28.4% increase in the AIT segment.įirst quarter 2023 gross profit was $667 million compared to $637 million in the prior year. Asset Intelligence & Tracking ('AIT') segment net sales were $491 million in the first quarter of 2023 compared to $394 million in the prior year. Net sales in the Enterprise Visibility & Mobility ('EVM') segment were $914 million in the first quarter of 2023 compared with $1,038 million in the prior year. Net sales were $1,405 million in the first quarter of 2023 compared to $1,432 million in the prior year.

ZEBRA TECHNOLOGIES FOUNDED PDF

While customer spend is pressured near term, we are well positioned to benefit from secular trends to digitize and automate workflows across our served markets.'ĭownload PDF with consolidated balance sheet, cash flow and income statements We are mitigating the impact of softer sales with focused go-to-market initiatives and incremental cost actions.

ZEBRA TECHNOLOGIES FOUNDED FULL

'Our revised full year outlook reflects tighter enterprise customer capex and project deferrals in this uncertain macroeconomic environment and moderating demand through distribution. 'Our team executed well in a challenging environment, delivering first quarter sales and earnings results above the midpoint of our outlook,' said Bill Burns, Chief Executive Officer of Zebra Technologies. Lincolnshire, Ill., 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 1, 2023. Non-GAAP diluted EPS decreased 1.7% year-over-year to $3.94Īdjusted EBITDA increased 5.6% year-over-year to $301 million Net income of $150 million and net income per diluted share of $2.90 Net sales of $1,405 million year-over-year decrease of 1.9%

Zebra technologies founded