The company said net sales for Q2 2024 were $1,217 million, roughly flat from $1,214 million a year earlier, and operating income fell to $167 million from $194 million.

10-QQuarterly reportFiled Jul 30, 2024Period of report Jun 29, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said net sales for Q2 2024 were $1,217 million, roughly flat from $1,214 million a year earlier, and operating income fell to $167 million from $194 million.
The company said net income for Q2 was $113 million ($2.17 per diluted share), down from $144 million ($2.78 per share) a year earlier. It said operating expenses were $422 million, or 34.7% of net sales.
Zebra said AIT segment net sales for Q2 fell $62 million (13.5%), while EVM segment net sales rose $65 million (8.6%). The company cited higher sales of mobile computing products as the driver of the EVM increase.
The company said it issued $500 million of 6.5% fixed-rate senior unsecured notes (the Senior Notes) on May 28, 2024, with net proceeds of about $492 million. It said it used part of the proceeds to repay debt under its Revolving Credit Facility and other obligations.

Key figures

Quarter ended June 29, 2024

Revenue: $1.2B
Operating income: $167M
Net income: $113M
EPS: $2.17
Gross profit: $589M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 Net Sales $1,217 million, Operating Income $167 million

The company said net sales for Q2 2024 were $1,217 million, roughly flat from $1,214 million a year earlier, and operating income fell to $167 million from $194 million.

Source · Based on the MD&A text of the filing

Q2 Net Income $113 million, Diluted EPS $2.17

The company said net income for Q2 was $113 million ($2.17 per diluted share), down from $144 million ($2.78 per share) a year earlier. It said operating expenses were $422 million, or 34.7% of net sales.

Source · Based on the MD&A text of the filing

AIT Quarterly Net Sales Down 13.5%, EVM Up 8.6%

Zebra said AIT segment net sales for Q2 fell $62 million (13.5%), while EVM segment net sales rose $65 million (8.6%). The company cited higher sales of mobile computing products as the driver of the EVM increase.

Source · Based on the MD&A text of the filing

$500 million Senior Unsecured Notes Issued

The company said it issued $500 million of 6.5% fixed-rate senior unsecured notes (the Senior Notes) on May 28, 2024, with net proceeds of about $492 million. It said it used part of the proceeds to repay debt under its Revolving Credit Facility and other obligations.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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