earnings
confidence high
sentiment negative
materiality 0.78
Zebra Q1 sales up 6.3% to $1.43B; EPS falls to $3.83; cuts FY22 EBITDA margin guide to 22-23%
ZEBRA TECHNOLOGIES CORP
2022-Q1 EPS reported
$3.83
revenue$1,432,000,000
- Net sales $1,432M (+6.3% YoY); GAAP diluted EPS $3.83 vs $4.22; Non-GAAP EPS $4.01 vs $4.79.
- EVM segment sales $1,038M (+11.6% organic); AIT segment $394M (-8.1% organic).
- Adjusted EBITDA margin 19.9% (down 540bps); Q2 guide: margin ~20-21%, Non-GAAP EPS $4.05-$4.35.
- FY2022 adjusted net sales growth reaffirmed 3-7%; EBITDA margin cut to 22-23%; $200M premium supply chain costs expected.
- Acquisition of Matrox Imaging (machine vision) expected to close mid-2022; excluded from guidance.