Zebra Technologies said net sales for Q4 2024 were $1,334 million, an increase of 32.2% from $1,009 million in the prior year, and net income was $163 million, or $3.14 per diluted share.

1. 01

   Zebra Technologies said net sales for Q4 2024 were $1,334 million, an increase of 32.2% from $1,009 million in the prior year, and net income was $163 million, or $3.14 per diluted share.

2. 02

   The company said Adjusted EBITDA for Q4 2024 was $295 million, or 22.1% of adjusted net sales, an increase from $155 million, or 15.4%, in the prior year. Gross margin was 48.6% compared to 44.4% in the prior year, and the company cited volume leverage as a factor in the increase.

3. 03

   Zebra Technologies said net cash provided by operating activities for 2024 was $1,013 million, capital expenditures were $59 million, and free cash flow was $954 million. As of December 31, 2024, cash and cash equivalents were $901 million and total debt was $2,183 million, and the company repurchased shares for $47 million during the year.

4. 04

   The company expects net sales for 2025 to grow 3% to 7% compared to 2024, Adjusted EBITDA margin to be 21% to 22%, Non-GAAP diluted earnings per share to be $14.75 to $15.25, and free cash flow to be at least $750 million. Zebra Technologies said this outlook does not include projected results from the previously announced acquisition of Photoneo.

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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