Welcome to our dedicated page for Zebra Technologies Corporation news (Ticker: ZBRA), a resource for investors and traders seeking the latest updates and insights on Zebra Technologies Corporation stock.
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 Corporation (NASDAQ: ZBRA) will present at two investor conferences on June 8, 2022. The first is the UBS Global Industrials and Transportation Conference in New York at 9:40 a.m. ET, followed by the William Blair 42nd Annual Growth Stock Conference in Chicago at 4:00 p.m. CT. Investors can access live webcasts of the presentations on the company's website, where they will also be archived for later viewing.
Zebra Technologies Corporation (NASDAQ: ZBRA) announced the closing of a $3.25 billion senior secured credit facility, aimed at refinancing existing debt and enhancing liquidity. The facility consists of a $1.5 billion revolving credit line and a $1.75 billion term loan, with favorable pricing reduced by 25 basis points. This refinancing allows Zebra to retire a $1 billion revolving credit facility and a $0.9 billion term loan. The new funds will support the pending $875 million acquisition of Matrox Imaging.
Zebra Technologies (NASDAQ: ZBRA) will present at Bernstein’s 38th Annual Strategic Decisions Conference in New York on June 1, 2022, at 11:00 a.m. Eastern Time. This event highlights Zebra's commitment to empowering organizations in the on-demand economy, enhancing visibility and connectivity for frontline workers. Attendees can access the live webcast and replay through the company’s investor relations website. Zebra, a leader in enterprise solutions, serves a vast range of clients, including 94% of the Fortune 100, and has recently expanded its automation and AI capabilities through strategic acquisitions.
Zebra Technologies Corporation (NASDAQ: ZBRA) announced a new $1 billion share repurchase authorization, enhancing a previously announced buyback of $1 billion in July 2019. The company's CEO, Anders Gustafsson, highlighted a robust financial position with strong free cash flow, allowing capital returns to shareholders while pursuing growth opportunities. Since July 2019, Zebra has returned over $800 million to shareholders through repurchases, demonstrating a strong commitment to value creation. The authorization has no expiration and can be modified by the Board.
Zebra Technologies Corporation (NASDAQ: ZBRA) will present at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference in Boston, Massachusetts, on May 23, 2022, at 9:20 a.m. Eastern Time. Investors can listen to the live webcast on the company's website, where it will also be archived for replay.
Zebra empowers organizations with innovations that enhance visibility and connectivity, serving 94% of Fortune 100 companies. The company recently expanded its industrial automation capabilities through key acquisitions.
Zebra Technologies Corporation (NASDAQ: ZBRA) has launched the TC53/TC58 mobile computing series, designed to enhance operational efficiency and reduce costs across industries such as retail and field services. The series incorporates 5G and Wi-Fi 6E technologies, featuring an advanced six-inch display and the industry-first Zebra Dimensioning™ solution for accurate parcel measurements. Additionally, it includes tap-to-pay functionality, transforming mobile devices into versatile workstations. The TC53/TC58 aims to provide faster access to information and improved customer service, reflecting Zebra's commitment to meeting dynamic market demands.
Zebra Technologies Corporation (NASDAQ: ZBRA) reported first-quarter 2022 net sales of $1,432 million, a year-over-year growth of 6.3%. However, net income declined by 10.1% to $205 million, with diluted EPS down 9.2% to $3.83. Adjusted EBITDA fell 16.4% to $285 million, reflecting increased supply chain costs. Despite these challenges, Zebra maintains its full-year sales outlook due to a strong order backlog but has lowered its adjusted EBITDA margin guidance to 22% to 23% due to rising costs. The company anticipates solid revenue growth in the upcoming quarters.
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