Zebra Technologies: Embedding Value Through Customized Solutions! 

Zebra Technologies has reported its latest quarterly and year-end financial results for 2023 that were significantly impacted by broad-based softness across end markets and regions. The company realized sales of $1 billion demonstrating a 33% decline from the prior year, and adjusted EBITDA margin of 15.4%; a decrease of 7 points, and non-GAAP diluted earnings per share of $1.71, a 64% decrease from the prior year. All product categories experienced declines, however, services and software remained a bright spot in the quarter from a revenue perspective. The decline in profitability was largely due to expense deleveraging on lower sales volumes and costs associated with renegotiating a supplier contract, countered by cost restructuring actions and inventory management initiatives.