Zebra Technologies said net sales for 2024 were $4,981 million, up from $4,584 million in the prior year, operating income was $742 million compared to $481 million in the prior year, and net income was $528 million, or $10.18 per diluted share, compared to the prior year.

1. 01

   Zebra Technologies said net sales for 2024 were $4,981 million, up from $4,584 million in the prior year, operating income was $742 million compared to $481 million in the prior year, and net income was $528 million, or $10.18 per diluted share, compared to the prior year.

2. 02

   The company said EVM net sales increased $401 million, or 13.7%, and gross margin was 48.6% compared to 45.6% in the prior year, while AIT net sales decreased $4 million, or 0.2%, and gross margin was 48.1% compared to 47.7% in the prior year.

3. 03

   Zebra Technologies said net cash provided by operating activities for 2024 was $1,013 million compared to net cash used in operating activities of $4 million in the prior year, and in Q2 it completed a private offering of $500 million senior unsecured notes with a 6.5% fixed interest rate, with proceeds partially used to repay outstanding debt.

4. 04

   The company said it entered into a definitive agreement on December 27, 2024 to acquire Photoneo for approximately €60 million, repurchased 130,560 shares of common stock for approximately $47 million during 2024, and the remaining amount authorized under its share repurchase program was $846 million.

Key figures

Fiscal year ended December 31, 2024

Revenue

$5.0B

Operating income

$742M

Net income

$528M

EPS

$10.18

Gross profit

$2.4B

Operating cash flow

$1.0B

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

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