Zebra Q3 net sales down 30.6% to $956M, net loss $15M, guides Q4 sales down 32-36%

ZEBRA TECHNOLOGIES CORP

2023-Q3 EPS reported $5.40 revenue$3,575,000,000

Net sales $956M, down 30.6% YoY; net loss $15M ($0.28 loss per diluted share).
Non-GAAP diluted EPS $0.87, down from $4.12; adjusted EBITDA margin 11.6% vs 21.1% prior year.
Cost reduction plans now expected to deliver $100M annualized net savings, up from $85M.
Q4 2023 guidance: net sales decline 32-36% YoY, non-GAAP EPS $1.40-$1.80.
Free cash flow negative $193M for first nine months; expects positive in H2 but negative full year including $180M settlement payments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ZEBRA TECHNOLOGIES CORP reported the third quarter ended September 30, 2023 results: revenue $956 million, net income Net loss of $15 million, EPS $(0.28) per diluted share. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $956 million
Net income: Net loss of $15 million
EPS: $(0.28) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Overlook Point Lincolnshire, IL 60069 USA +1 847 634 6700 www.zebra.com Zebra Technologies Announces Third-Quarter 2023 Results Third-Quarter Financial Highlights • Net sales of $956 million; year-over-year decrease of 30.6% • Net loss of $15 million and net loss per diluted share of $(0.28) • Non-GAAP diluted EPS decreased year-over-year to $0.87 • Adjusted EBITDA

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ZEBRA TECHNOLOGIES CORP reported fourth quarter 2023 results: EPS Non-GAAP diluted earnings per share are expected to be in the range of $1.40 to $1.80. Guidance initiated.

Period: fourth quarter 2023
EPS: Non-GAAP diluted earnings per share are expected to be in the range of $1.40 to $1.80
Guidance: initiated
Result: guidance update

Exact text from the filing

Non-GAAP diluted earnings per share are expected to be in the range of $1.40 to $1.80.

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Source: SEC EDGAR

accession 0000877212-23-000141

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