earnings
confidence high
sentiment positive
materiality 0.80
Zebra Q2 net sales flat, net income down 21.5%; raises FY24 guidance on demand momentum
ZEBRA TECHNOLOGIES CORP
2024-Q2 EPS reported
$4.40
revenue$2,392,000,000
- Net sales $1,217M, flat YoY; net income $113M ($2.17 diluted EPS) vs $144M ($2.78) YoY.
- Non-GAAP diluted EPS $3.18, down 3.3% YoY; adjusted EBITDA margin 20.5%.
- EVM segment sales +8.2% to $820M; AIT segment -14.4% to $397M.
- FY24 guidance raised: net sales growth 4-7%, non-GAAP EPS $12.30-$12.90, free cash flow ≥$700M.
- Cost savings plan on track; $123M of $130M total charges incurred, $120M annual savings expected.