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Dec 31, 2022
Zebra Q4 2022 Earnings Report
Zebra Technologies reported strong fourth quarter results, driven by double-digit growth in the Americas while recovering from supply chain challenges.
Key Takeaways
Zebra Technologies announced its Q4 2022 results, with net sales increasing by 2.5% year-over-year to $1,503 million. Net income decreased by 2.6% to $186 million, while non-GAAP diluted EPS increased by 4.6% to $4.75. The company is taking a cautious approach to its outlook due to the uncertain macro environment.
Net sales increased by 2.5% year-over-year to $1,503 million.
Net income decreased by 2.6% year-over-year to $186 million.
Non-GAAP diluted EPS increased by 4.6% year-over-year to $4.75.
Adjusted EBITDA increased by 6.0% year-over-year to $338 million.
Zebra
Zebra
Zebra Revenue by Segment
Revenue by Segment
EVM Revenue
CapyFin.comAIT Revenue
CapyFin.com Forward Guidance
The company expects net sales to decline between -4% and -1% compared to the first quarter of 2022. Adjusted EBITDA margin is expected to be approximately 21%. Non-GAAP earnings per diluted share are expected to be in the range of $3.70 to $4.00.
Positive Outlook
- Expects an approximately 150 basis point additive impact from acquisitions.
- Adjusted EBITDA margin is expected to be approximately 21%.
- Non-GAAP earnings per diluted share are expected to be in the range of $3.70 to $4.00.
Challenges Ahead
- Net sales to decline between -4% and -1% compared to the first quarter of 2022.
- Includes an approximately 3 percentage point negative impact from foreign currency translation.
- Includes approximately $20 million of premium supply chain expense.
Revenue & Expenses
Visualization of income flow from segment revenue to net income