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Zebra
🇺🇸 NASDAQ:ZBRA
•
Dec 31, 2024

Zebra Q4 2024 Earnings Report

Key Takeaways

Zebra Technologies posted strong Q4 performance with 32.2% YoY revenue growth, driven by robust demand in North America. Gross and operating margins improved significantly, while net income surged due to higher sales and cost efficiencies.

Total Revenue
$1.33B
Previous year: $1.01B
+32.3%
EPS
$4
Previous year: $1.71
+133.9%
Gross Margin
48.6%
Previous year: 44.4%
+9.5%
Operating Margin
16.9%
Previous year: 6.7%
+152.2%
Adjusted EBITDA
$295M
Previous year: $155M
+90.3%
Gross Profit
$648M
Previous year: $421M
+53.9%
Cash and Equivalents
$901M
Previous year: $138M
+552.9%
Free Cash Flow
$954M
Previous year: $102M
+835.3%
Total Assets
$7.97B
Previous year: $7.31B
+9.1%

Zebra Revenue

Zebra EPS

Zebra Revenue by Segment

Forward Guidance

Zebra expects continued growth in 2025, with Q1 revenue projected to increase by 8-11% and full-year revenue growth between 3-7%. However, macroeconomic uncertainty and import tariffs may impact profitability.

Positive Outlook

  • Q1 2025 revenue expected to grow 8-11% YoY.
  • Full-year 2025 revenue expected to grow 3-7% YoY.
  • Adjusted EBITDA margin forecasted between 21-22%.
  • Projected FY25 adjusted EPS in the range of $14.75 - $15.25.
  • Strong backlog supports Q1 growth.

Challenges Ahead

  • Macroeconomic uncertainty may impact customer spending.
  • Geopolitical risks and trade policies remain a concern.
  • Foreign currency translation expected to have a negative impact.
  • Import tariffs from Mexico and China expected to reduce gross profit by $20M.
  • Cautious outlook for the remainder of 2025.

Revenue & Expenses

Visualization of income flow from segment revenue to net income