Zebra Q2 2024 Earnings Report
Key Takeaways
Zebra Technologies reported a slight increase in net sales and maintained profitability through cost discipline and improved gross margin. The company's EVM segment drove growth, while AIT segment sales declined. Increased full year outlook reflecting Q2 performance and early signs of momentum in demand led by mobile computing, balanced with continued cautious customer spending behavior.
Net sales increased by 0.2% year-over-year to $1,217 million.
Net income decreased by 21.5% year-over-year to $113 million, with diluted EPS at $2.17.
Adjusted EBITDA decreased to $250 million, with a margin of 20.5%.
The company is on track with $120 million annualized net expense savings from Exit and Restructuring plans.
Zebra
Zebra
Zebra Revenue by Segment
Forward Guidance
The Company expects net sales to increase between 25% and 28% compared to the prior year. Adjusted EBITDA margin is expected to be between 20% and 21%. Non-GAAP diluted earnings per share are expected to be in the range of $3.00 to $3.30.
Revenue & Expenses
Visualization of income flow from segment revenue to net income