earnings
confidence high
sentiment neutral
materiality 0.75
Zebra Tech Q1 sales down 1.9%, EPS $2.90; guides Q2 sales down 9-11% YoY
ZEBRA TECHNOLOGIES CORP
2023-Q1 EPS reported
$2.90
revenue$1,405,000,000
- Net sales $1,405M (-1.9% YoY); GAAP EPS $2.90 (-24.3%); non-GAAP EPS $3.94 (-1.7% YoY).
- EVM segment organic sales down 11.2% YoY; AIT segment organic sales up 28.4% YoY.
- Adjusted EBITDA $301M (+5.6% YoY), margin 21.4% vs 19.9% prior year.
- Q2 guidance: net sales down 9-11% YoY, non-GAAP EPS $3.20-$3.40.
- Full-year outlook: net sales down 2-6% YoY; free cash flow $450-550M incl. $180M settlements.