Zebra Q4 2023 net sales $1,009M (-33% YoY); net income $17M (-91%); Q1 guidance sales decline 17-20%

ZEBRA TECHNOLOGIES CORP

2023-FY EPS reported $5.72 revenue$4,584,000,000

Q4 net sales $1,009M, down 32.9% YoY; net income $17M ($0.31 diluted EPS), down 91.3%.
Non-GAAP diluted EPS $1.71, down 64% YoY; adjusted EBITDA $155M (15.4% margin).
Expanded cost reduction plans now targeting $120M annualized net savings (up from $100M).
Q1 2024 guidance: net sales decline 17-20% YoY; non-GAAP diluted EPS $2.30-$2.60.
Full-year 2024 net sales expected -1% to +3% YoY; free cash flow at least $550M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ZEBRA TECHNOLOGIES CORP reported the fourth quarter and full year ended December 31, 2023 results: revenue $1,009 million, net income $17 million, EPS $0.31 per diluted share.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $1,009 million
Net income: $17 million
EPS: $0.31 per diluted share
Result: reported results

Exact text from the filing

IL 60069 USA +1 847 634 6700 www.zebra.com Zebra Technologies Announces Fourth-Quarter and Full-Year 2023 Results Fourth-Quarter Financial Highlights • Net sales of $1,009 million; year-over-year decrease of 32.9% • Net income of $17 million and net income per diluted share of $0.31, year-over-year decrease of 90.9% and decrease of 91.3%, respectively •

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Source: SEC EDGAR

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