The company said net sales for Q1 2024 fell $1,175 million, or 16.4%, from $1,405 million a year earlier, and net income was $115 million ($2.23 per diluted share), compared with $150 million ($2.90 per share) a year earlier.

1. 01

   The company said net sales for Q1 2024 fell $1,175 million, or 16.4%, from $1,405 million a year earlier, and net income was $115 million ($2.23 per diluted share), compared with $150 million ($2.90 per share) a year earlier.

2. 02

   Zebra said Enterprise Visibility & Mobility (EVM) segment net sales for Q1 were $783 million ($883 million a year earlier), and Asset Intelligence & Tracking (AIT) segment net sales were $392 million ($522 million a year earlier), with consolidated organic net sales down 16.8%.

3. 03

   The company said net cash provided by operating activities for the first 3 months of 2024 was $125 million, capital expenditures were $14 million, and free cash flow was $111 million, and that total debt as of March 30, 2024 was $2,093 million.

4. 04

   The company expects full-year 2024 net sales to grow 1% to 5% over the prior year, non-GAAP diluted earnings per share of $11.25 to $12.25, and free cash flow of at least $600 million, which includes its final $45 million settlement payment in Q1.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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