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Zebra Technologies Board Approves Additional $1 Billion Share Repurchase Authorization
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners
About this update from Zebra Technologies Corporation
[{"type":"text","content":" 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 the company’s Board of Directors has authorized the repurchase of $1 billion shares of Zebra Technologies Corporation Common Stock. This authorization augments the previous $1 billion purchase authorization which was announced on July 30, 2019.\n\n“Zebra’s prospects to drive sustainable, profitable growth as we digitize and automate our customers’ operations have never been brighter. Our strong balance sheet and free cash flow profile provide us the flexibility to return capital to shareholders while continuing to pursue organic and inorganic investment opportunities that advance our Enterprise Asset Intelligence vision. We have returned more than $800 million of capital to our shareholders via share repurchases since July 2019,” stated Anders Gustafsson, Zebra’s Chief Executive Officer. “This action underscores our Board’s confidence in Zebra’s ability to drive value creation and gives us a total of nearly $1.2 billion of authorization, providing us ample flexibility to prioritize capital allocation.”\n\nRepurchases may be made through a variety of methods, which may include open market purchases executed at the discretion of management and 10b5-1 plans. The repurchase authorization does not have an expiration date and may be amended, suspended, or discontinued by the company’s Board of Directors at any time.\n\nSAFE HARBOR STATEMENT\n\nThis press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements regarding the company’s outlook. Actual results may differ from those expressed or implied in the company’s forward-looking statements. These statements represent estimates only as of the date they were made. Zebra undertakes no obligation, other than as may be required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this release.\n\nThese forward-looking statements are based on current expectations, forecasts and assumptions and are subject to the risks and uncertainties in...