Zebra Q2: revenue $1.214B (-17.3%), non-GAAP EPS $3.29; Q3 guide: sales -30-35%, EPS $0.60-1.00

ZEBRA TECHNOLOGIES CORP

2023-Q2 EPS reported $5.68 revenue$2,619,000,000

Net sales $1,214M (-17.3% YoY). GAAP net income $144M ($2.78/diluted share). Non-GAAP EPS $3.29, down from $4.61.
EVM segment sales $755M (-24.6% YoY); AIT segment $459M (-1.7% YoY). Organic net sales decline 16.0%.
Gross margin 47.9% (+200 bps YoY) due to lower premium supply chain costs and favorable mix.
Expanded cost initiatives: incremental $65M annual savings ($85M total). Restructuring charges ~$105M, up from $25M.
Q3 outlook: sales -30% to -35% YoY, adj. EBITDA margin 10%-12%, non-GAAP EPS $0.60-$1.00. FY23 sales -20% to -23%.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ZEBRA TECHNOLOGIES CORP reported second quarter ended July 1, 2023 results: revenue $1,214 million, net income $144 million, EPS $2.78 per diluted share. Guidance lowered.

Period: second quarter ended July 1, 2023
Revenue: $1,214 million
Net income: $144 million
EPS: $2.78 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Point Lincolnshire, IL 60069 USA +1 847 634 6700 www.zebra.com Zebra Technologies Announces Second-Quarter 2023 Results Second-Quarter Financial Highlights • Net sales of $1,214 million; year-over-year decrease of 17.3% • Net income of $144 million and net income per diluted share of $2.78 • Non-GAAP diluted EPS decreased year-over-year to $3.29 • Adjusted

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Source: SEC EDGAR

accession 0000877212-23-000123

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