Zebra Technologies said net sales for Q2 2024 (ended June 29, 2024) were $1,217 million, up 0.2% from $1,214 million a year earlier, and net income was $113 million ($2.17 per diluted share), down from $144 million a year earlier.

1. 01

   Zebra Technologies said net sales for Q2 2024 (ended June 29, 2024) were $1,217 million, up 0.2% from $1,214 million a year earlier, and net income was $113 million ($2.17 per diluted share), down from $144 million a year earlier.

2. 02

   The company said net sales in its Enterprise Visibility & Mobility (EVM) segment for Q2 were $820 million ($755 million a year earlier), and net sales in its Asset Intelligence & Tracking (AIT) segment were $397 million ($459 million a year earlier). It said consolidated organic net sales fell 0.3%, with EVM up 8.2% and AIT down 14.4%.

3. 03

   Zebra Technologies said net cash provided by operating activities for the first six months of 2024 was $413 million, with capital expenditures of $24 million, resulting in free cash flow of $389 million. As of June 29, 2024, cash and cash equivalents were $411 million and total debt was $2,183 million.

4. 04

   Zebra Technologies raised its full-year outlook and now expects net sales to grow 4% to 7% compared with the prior year, non-GAAP diluted earnings per share of $12.30 to $12.90, and free cash flow of at least $700 million. The company set adjusted EBITDA margin at 20% to 21%.

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Original filing

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