Zebra Technologies said net sales for Q3 2024 were $1,255 million, compared with $956 million a year earlier, an increase of 31.3%. The company said operating income was $191 million, swinging from an operating loss of $12 million in the prior-year period.

1. 01

   Zebra Technologies said net sales for Q3 2024 were $1,255 million, compared with $956 million a year earlier, an increase of 31.3%. The company said operating income was $191 million, swinging from an operating loss of $12 million in the prior-year period.

2. 02

   The company said gross margin for Q3 was 48.8%, up from 44.7% a year earlier, and was higher in both of its segments. It cited volume leverage as the factor.

3. 03

   The company said it completed its 2022 Productivity Plan in Q3. It said total charges for the plan and the U.S. voluntary retirement plan (VRP), completed in 2023, were $127 million, and that it has realized $110 million of the approximately $120 million in annualized net cost savings to date.

4. 04

   The company said net cash provided by operating activities was $707 million for the 9 months ended September 28, 2024, compared with net cash used in operating activities of $145 million in the prior-year period, a change of $852 million.

Key figures

Quarter ended September 28, 2024

Revenue

$1.3B

Operating income

$191M

Net income

$137M

EPS

$2.64

Gross profit

$613M

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.

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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