Zebra Technologies Corporation
Zebra Technologies Reports Q2 2024 Financial Results
Summary
Zebra Technologies Corporation announced its financial results for the second quarter of 2024, reporting a 0.2% increase in net sales to $1,217 million. The company posted a net income of $113 million, down from $144 million in the prior year, with a net income per diluted share of $2.17. Non-GAAP diluted earnings per share decreased slightly to $3.18, and Adjusted EBITDA decreased to $250 million. The company provided an outlook for the third quarter and revised its full-year 2024 guidance, anticipating net sales growth between 4% and 7%.
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About Zebra Technologies Corporation
Zebra Technologies Corporation is a leading global provider of innovative hardware and software solutions designed to effectively manage and track business assets and operations. The company's core offerings include mobile computing devices, barcode scanners, RFID readers, and advanced software analytics platforms, which serve to enhance data visibility and operational efficiency. These products are vital for sectors such as manufacturing, transportation and logistics, healthcare, and retail, where efficient inventory and workforce management are critical. By enabling real-time data capture and information analysis, Zebra Technologies helps businesses make informed decisions that drive productivity and streamline operational processes. Founded in 1969 and headquartered in Lincolnshire, Illinois, Zebra has established itself as a pivotal player in the industry, empowering organizations worldwide to enhance their supply chain management and operational workflows. With its focus on innovative technology and market-driven solutions, Zebra Technologies continues to hold a significant role in advancing the digital transformation of industries globally.
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