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Dec 31, 2023
Zebra Q4 2023 Earnings Report
Zebra Technologies announced results impacted by broad-based softness across end markets and distributor destocking.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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