Zebra Q4 2023 Earnings Report
Key Takeaways
Zebra Technologies reported a decrease in net sales and net income for Q4 2023, impacted by broad-based market softness and distributor destocking. The company is implementing cost reduction plans and expects to return to growth in 2024.
Net sales decreased by 32.9% year-over-year to $1,009 million.
Net income decreased by 90.9% year-over-year to $17 million.
Non-GAAP diluted EPS decreased by 64.0% year-over-year to $1.71.
Adjusted EBITDA decreased by 54.1% year-over-year to $155 million.
Zebra
Zebra
Zebra Revenue by Segment
Forward Guidance
The company expects net sales to decline between 17% and 20% compared to the first quarter of 2023. Adjusted EBITDA margin for the first quarter of 2024 is expected to be approximately 18%. Non-GAAP diluted earnings per share are expected to be in the range of $2.30 to $2.60.
Revenue & Expenses
Visualization of income flow from segment revenue to net income