Zebra Technologies Corporation


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SKU: ZBRA Category:


Zebra Technologies Corporation delivered a positive result and managed an all-around beat in the last quarter. In the third quarter, the company faced challenges due to a widespread slowdown in various end markets and prolonged sales cycles, leading to a substantial drop in sales and a consequential impact on profitability. Sales plummeted to $956 million, marking a 30% decline from the previous year, while the adjusted EBITDA margin contracted by 950 basis points to 11.6%. Non-GAAP diluted earnings per share also suffered, plummeting by 79% to $0.87. Despite a decline in all product categories, services and software exhibited resilience during the quarter. Zebra implemented cost restructuring actions to address the challenging environment, expecting to achieve net annualized savings of $100 million by year-end. Although all primary end markets experienced declines, retail, e-commerce, and transportation logistics were particularly weak due to the challenges faced by customers adapting to the post-pandemic landscape. In the quarter, Zebra introduced Zebra Pay, an innovative mobile payment system that integrates seamlessly into various industries, such as retail, hospitality, entertainment, field mobility, and logistics.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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