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Zebra Technologies Corporation (NASDAQ: ZBRA) is a global leader in providing innovative tracking technology and solutions that transform physical elements into digital insights. Specializing in automatic identification and data capture (AIDC) technology, Zebra’s diverse product portfolio includes barcode printers and scanners, mobile computers, and sophisticated workflow optimization software.
Zebra's solutions are designed to give unprecedented visibility into businesses, offering real-time insights into the location and condition of products, assets, and people. This real-time data empowers businesses to make more informed decisions, enhance operational efficiency, and respond quickly to changing conditions. Zebra primarily serves sectors such as retail, transportation logistics, manufacturing, and healthcare, providing tailored solutions to meet the unique needs of each market.
Recent achievements include advancements in RFID technology, partnerships with leading tech companies, and the launch of new products designed to improve asset tracking and management. Financially, Zebra Technologies continues to demonstrate robust performance, with continuous revenue growth and solid market presence.
By integrating physical assets with digital technology, Zebra Technologies helps organizations understand their operations in depth and optimize their workflows for better performance and profitability.
Zebra Technologies released its 17th Annual Global Shopper Study, revealing significant concerns about retail loss prevention. The study shows that 84% of retail associates are worried about theft and crime, while 78% of retailers face pressure to minimize losses. To address these challenges, retailers are investing in technology solutions including AI, cameras, sensors, and RFID systems.
The study also highlights a decline in shopper satisfaction, dropping from 85% in 2023 to 81% for in-store and 79% for online shopping experiences. Key issues include product accessibility, staff availability, and self-checkout limitations. In response, 75% of retailers plan to increase technology investments in 2025, focusing on mobile workforce efficiency, inventory management, and customer experience enhancement.
Zebra Technologies (NASDAQ: ZBRA) has announced its participation in the Stephens Annual Investment Conference in Nashville. The presentation is scheduled for Tuesday, November 19, 2024, at 1:00 p.m. Central Time. Interested parties can access the live webcast through the Events section of Zebra's investor relations website at investors.zebra.com. The presentation will also be available for replay on the same platform. Zebra Technologies is known for providing digital solutions that enable businesses to connect data, assets, and people intelligently.
Zebra Technologies (NASDAQ: ZBRA) reported strong Q3 2024 results with net sales of $1,255 million, up 31.3% year-over-year. Net income reached $137 million with earnings per diluted share of $2.64. The company saw significant improvements in gross margin, reaching 48.8%, and completed restructuring actions expected to generate $120 million in annual cost savings. Both Enterprise Visibility & Mobility and Asset Intelligence & Tracking segments showed strong organic growth of 33.0% and 25.8% respectively. The company raised its full-year outlook, projecting Q4 sales growth between 28-31% and expects full-year free cash flow of at least $850 million.
Zebra Technologies (NASDAQ: ZBRA), a leading digital solution provider, has announced it will release its third quarter 2024 financial results on Tuesday, October 29, 2024. The company will host a conference call to discuss these results on the same day at 7:30 a.m. CT (8:30 a.m. ET).
Investors and interested parties can access the live webcast of the presentation through the events section of Zebra Technologies' website at investors.zebra.com. The company has confirmed that the webcast will be archived and available on their website for at least one year following the presentation.
Zebra Technologies (NASDAQ: ZBRA) has been recognized as one of the Best Workplaces for Innovators by Fast Company, ranking #51 on the prestigious list. The company was also named to the 2024 General Excellence list, highlighting its commitment to fostering a culture of innovation and inclusivity.
Zebra's dedication to innovation is evident through its annual investment of approximately 10% of sales in research and development, as well as its impressive portfolio of 6,800 patents issued and pending globally. The company focuses on creating new ways of working to improve everyday life for organizations, employees, and those they serve.
Key initiatives include culture workshops led by company leaders to immerse employees in Zebra's core values and enhance engagement. This recognition reflects Zebra's ongoing efforts to bring diverse talent and big ideas together, driving innovation for its people, customers, and the world at large.
Zebra Technologies (NASDAQ: ZBRA) unveiled three new solutions at its annual ZONE customer conferences to enhance retail efficiency and customer experience. The offerings include:
1. Zebra Kiosk System: A modular solution for self-service needs, featuring the KC50 Android Kiosk Computer with tap-to-pay and voice assistant capabilities.
2. Workcloud Actionable Intelligence 7.0: An AI-based analytics platform built on Google Cloud, offering automated data analysis and task assignment.
3. ET60W/ET65W Windows rugged tablets: Powered by Intel's Core Ultra platform, these tablets feature AI-enabled touchscreens and improved audio for various industries.
These solutions aim to elevate customer experiences, automate workflows, and enhance worker productivity in modern retail environments.
Zebra Technologies has enhanced its Aurora machine vision software with advanced AI features, introducing deep learning capabilities for complex visual inspection use cases. The expanded suite includes Aurora Design Assistant, Aurora Vision Studio, and Aurora Imaging Library, offering no-code deep learning OCR, drag-and-drop environments, and extensive libraries. These tools cater to machine builders, engineers, programmers, and data scientists in industries such as automotive, electronics, food and beverage, and packaging.
The updates respond to manufacturing leaders' expectations, with 61% anticipating AI-driven growth by 2029. New features include object detection, anomaly detection, and improved OCR capabilities, addressing longstanding quality issues and new challenges in materials and sectors like automotive and electronics.
Zebra Technologies (NASDAQ: ZBRA) continues to invest in future tech leaders through its global internship and development programs. The company's award-winning internship program offers students and recent graduates hands-on experience in fields such as engineering, finance, IT, marketing, and supply chain. Interns work on real-world projects that directly impact Zebra's innovative product portfolio, collaborating with experienced professionals.
The program spans across multiple countries, including the U.S., Canada, Czechia, UK, India, Malaysia, and Mexico, providing opportunities for globally immersive projects. Zebra also offers development programs in finance, IT, supply chain, and marketing for recent college graduates. These initiatives aim to enhance technical skills, provide industry insights, and prepare participants for leadership roles in the technology sector.
Zebra Technologies (NASDAQ: ZBRA) reported Q2 2024 results with net sales of $1,217 million, a 0.2% year-over-year increase. Net income was $113 million, with diluted EPS of $2.17. Non-GAAP diluted EPS decreased to $3.18, while adjusted EBITDA fell to $250 million. The company is on track with its $120 million annualized net expense savings plan.
The Enterprise Visibility & Mobility segment saw 8.2% organic growth, while Asset Intelligence & Tracking declined 14.4%. Gross margin improved to 48.4%. Zebra raised its full-year 2024 outlook, now expecting net sales growth between 4% and 7%, with adjusted EBITDA margin between 20% and 21%. Non-GAAP diluted EPS is projected at $12.30 to $12.90.
Oshkosh (NYSE: OSK) has appointed William (Bill) Burns, CEO of Zebra Technologies (NASDAQ: ZBRA), to its Board of Directors effective July 23, 2024. Burns, 57, brings over 30 years of technology sector experience to Oshkosh's now 11-member board. His background includes leadership roles at Zebra Technologies, Embrane, and Spirent Communications.
Stephen D. Newlin, Oshkosh's board chairman, praised Burns as a growth-minded leader who will contribute valuable technology and innovation perspectives aligned with the company's strategic priorities. Burns holds an MBA from Temple University and serves as a director for Zebra Technologies.
Oshkosh , an industrial technology company with approximately 17,000 employees worldwide, produces mission-critical equipment for various sectors under brands including JLG, Pierce, and Oshkosh Defense.
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