Zebra Technologies Corp

ZBRA

Equity

ISIN US9892071054 / Valor 987800

NASDAQ (2024-09-16)

USD 343.79+1.87%

Zebra Technologies Corp
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About company

Zebra Technologies Corp is a leading provider of machine vision software development kits, integrated development environments, OEM scan engines, imagers, and environmental sensors for various industry applications. Their Aurora Imaging Library™ and Aurora Design Assistant™ offer tools for image capture, processing, analysis, and display, while their OEM products provide flexible integration options for product development. Zebra's focus on simplicity and efficiency is evident in their Aurora Focus interface, which streamlines the setup and deployment of industrial scanners and smart cameras. Additionally, their Aurora Vision Studio software allows engineers to create and monitor machine vision applications without the need for coding.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

Zebra Technologies Corp's net sales for the first quarter of 2024 were $1,175 million, representing a year-over-year decrease of 16.4% from $1,405 million in the first quarter of 2023. This decline was attributed to broad-based softness across their end markets.

Net Income

For the first quarter of 2024, Zebra Technologies Corp reported a net income of $115 million, or $2.23 per diluted share. This is a decrease from the net income of $150 million, or $2.90 per diluted share, reported in the same quarter of the previous year.

Gross Profit

Zebra Technologies Corp's gross profit for the first quarter of 2024 was $563 million, down from $667 million in the first quarter of 2023. Despite the decrease in gross profit, the gross margin slightly increased to 47.9% from 47.5% in the prior year, primarily due to lower premium supply chain costs and improved software and service margins.

Operating Expenses

Operating expenses for Zebra Technologies Corp decreased to $404 million in the first quarter of 2024 from $442 million in the prior year. This reduction was mainly due to the impact of restructuring actions. Adjusted operating expenses also saw a decrease, falling to $348 million from $384 million in the previous year.

Outlook

Zebra Technologies Corp expects net sales for the second quarter of 2024 to decrease between 1% and 5% compared to the prior year. For the full year 2024, the company anticipates net sales growth between 1% and 5%, with an adjusted EBITDA margin of approximately 20% and non-GAAP diluted earnings per share in the range of $11.25 to $12.25.

Summarized from source with an LLMView Source

Key figures

36.8%1Y

-41.2%3Y

69.5%5Y

Performance

35.1%1Y

40.8%3Y

40.7%5Y

Volatility