Press release
Zebra Technologies Announces Fourth-Quarter and Full-Year 2022 Results
Fourth-Quarter Financial Highlights Net sales of $1,503 million; year-over-year increase of 2.5% Net income of $186 million and net income per diluted share
About this update from Zebra Technologies Corporation
[{"type":"text","content":"\nFourth-Quarter Financial Highlights\n\n\nNet sales of $1,503 million; year-over-year increase of 2.5%\n\n\nNet income of $186 million and net income per diluted share of $3.57, year-over-year decrease of 2.6% and increase of 0.6%, respectively\n\n\nNon-GAAP diluted EPS increased 4.6% year-over-year to $4.75\n\n\nAdjusted EBITDA increased 6.0% year-over-year to $338 million\n\n\n LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--\nZebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced results for the fourth quarter and full year ended December 31, 2022.\n\n“Our team delivered strong fourth quarter results to close a challenging year. We are recovering from supply chain challenges and achieved sales and earnings performance at the high end of our outlook, driven by double-digit growth in the Americas,” said Anders Gustafsson, Chief Executive Officer of Zebra Technologies. “Although our order backlog and pipeline of opportunities remain healthy, we are taking a cautious approach to our outlook in this uncertain macro environment. Our customer value proposition is resonating and we are well positioned to extend our lead in the industry with our innovative solutions. I am confident that Bill Burns, our incoming CEO, will continue to advance our Enterprise Asset Intelligence Vision and elevate Zebra’s role in digitizing & automating our customers’ operations.”\n\n\n\n$ in millions, except per share amounts\n\n\n\n \n\n\n\n4Q22\n\n\n\n \n\n\n\n \n\n\n\n4Q21\n\n\n\n \n\n\n\nChange\n\n\n\n \n\n\n\nFY22\n\n\n\nFY21\n\n\n\nChange\n\n\n\n\n\nSelect reported measures:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet sales\n\n\n\n$\n\n\n\n1,503\n\n\n\n \n\n\n\n$\n\n\n\n1,467\n\n\n\n \n\n\n\n2.5\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n5,781\n\n\n\n \n\n\n\n$\n\n\n\n5,627\n\n\n\n \n\n\n\n2.7\n\n\n\n%\n\n\n\n\n\nGross profit\n\n\n\n \n\n\n\n685\n\n\n\n \n\n\n\n \n\n\n\n669\n\n\n\n \n\n\n\n2.4\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n2,624\n\n\n\n \n\n\n\n \n\n\n\n2,628\n\n\n\n \n\n\n\n(0.2\n\n\n\n%)\n\n\n\n\n\nGross margin\n\n\n\n \n\n\n\n45.6\n\n\n\n%\n\n\n\n \n\n\n\n45.6\n\n\n\n%\n\n\n\n0 bps\n\n\n\n \n\n\n\n \n\n\n\n45.4\n\n\n\n%\n\n\n\n \n\n\n\n46.7\n\n\n\n%\n\n\n\n(130) bps\n\n\n\n\n\nNet income\n\n\n\n \n\n...