secwatch.observer — SEC 8-K summary
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Issuer:     ZEBRA TECHNOLOGIES CORP (ZBRA)
CIK:        0000877212
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000877212-24-000061
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zebra Q1 net sales down 16.4% to $1.175B; non-GAAP EPS $2.84; raises FY2024 outlook
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- Net sales $1,175M, down 16.4% YoY; EVM segment $783M (-11.8% organic), AIT $392M (-25.3% organic).
- Net income $115M ($2.23 diluted EPS); non-GAAP diluted EPS $2.84, down 27.9% from $3.94.
- Adjusted EBITDA $234M (19.9% margin) vs $301M (21.4%) a year ago.
- Cost initiatives on track: $120M annualized savings target; $50M realized in 2023, $25M in Q1 2024.
- FY2024 guidance raised: net sales growth 1-5%, non-GAAP EPS $11.25-$12.25, free cash flow ≥$600M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877212/000087721224000061/0000877212-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877212/000087721224000061/zbra-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000877212-24-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer