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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 (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.
Zebra Technologies has been recognized as a top workplace for people with disabilities, earning a high score on the 2024 Disability Equality Index. This achievement underscores Zebra's commitment to fostering an inclusive work environment and promoting equality.
Key highlights include:
- Zebra's dedication to creating a diverse workforce where employees can bring their best selves to work
- The company's structured learning programs and resources to attract and retain top talent
- The employee-led 'Zebras of All Abilities' (ZoAA) resource group, which promotes an environment where employees feel comfortable disclosing different abilities
- Zebra's partnership with organizations that advance employment opportunities for people of all abilities
This recognition reflects Zebra Technologies' ongoing efforts to create an inclusive workplace that values diversity and promotes equal opportunities for all employees.
Zebra Technologies (NASDAQ: ZBRA) is set to announce its second quarter 2024 financial results on July 30, 2024. The company, known for its digital solutions that connect data, assets, and people, will host a conference call to discuss these results at 7:30 a.m. CT (8:30 a.m. ET) the same day.
Interested parties can access the live webcast via the events section of Zebra's investor website. The webcast will be archived and available for at least one year.
Zebra Technologies (NASDAQ: ZBRA) announced that Walgreens Boots Alliance has optimized its operations using Zebra's Workcloud Actionable Intelligence software, saving millions of dollars. By implementing Zebra's Modern Store framework, Walgreens improved asset protection, employee technology, and operational visibility across 8,000 locations in the U.S. The integration of Zebra's software and hardware solutions has enhanced associate engagement, inventory accuracy, and the customer experience. Walgreens also uses Zebra's Workcloud Task Management and Demand Intelligence software to reduce retail loss and optimize inventory. The deployment has benefited 20,000 associates, tackling issues like phantom inventory and high shrink rates, resulting in a 27% reduction in waste.
Zebra Technologies' 2024 Manufacturing Vision Study reveals that only 16% of manufacturers have real-time visibility into their production processes. However, the adoption of AI is expected to grow, with 61% of manufacturers anticipating AI-driven growth by 2029, up from 41% in 2024. Digital transformation is a high priority, with 92% focusing on data management improvements. Challenges include labor costs, scaling technology, and IT/OT convergence. Manufacturers are leveraging AI and other technologies to enhance efficiency and visibility. The study also highlights regional variations in technology adoption and workforce strategies over the next five years.
Zebra Technologies (NASDAQ: ZBRA) has been included in the U.S. News & World Report's Best Companies to Work For list for 2024-2025.
The company is recognized for its positive work environment and employee experience, particularly in the Midwest and manufacturing sectors.
Zebra's benefits program includes paid time off, professional development, wellness programs, and an inclusive culture through employee resource groups and mentoring programs.
The U.S. News ratings considered quality of pay, benefits, work-life balance, job stability, and career opportunities among other factors.
This year, the ratings covered 549 companies based on metrics related to employee experience and workplace environment.
Zebra Technologies (NASDAQ: ZBRA) has been named to Newsweek’s list of Global Most Loved Workplaces® for the second consecutive year, ranking #78 among the top 100 companies globally recognized for employee happiness and satisfaction. The recognition is based on employee feedback in areas such as respect, collaboration, and sense of belonging. Zebra's initiatives like the Culture Connect online hub, Culture Champion Network, and GEM (Going the Extra Mile) program contribute to a positive work environment. More than 175 companies and over 3,000 executives were surveyed to develop the findings for the 2024 list.
Zebra Technologies (NASDAQ: ZBRA) announced its participation in the Bernstein 40th Annual Strategic Decisions Conference in New York. The presentation is scheduled for Thursday, May 30, 2024, at 2:30 p.m. Eastern Time. Zebra Technologies, a leader in digital solutions that connect data, assets, and people, will be sharing insights and strategic decisions at this influential event. The live webcast of the presentation can be accessed on the company's investor relations website.
Zebra Technologies announced a $500 million private offering of 6.500% senior unsecured notes due June 1, 2032. The offering is expected to close on May 28, 2024, subject to customary conditions. Zebra plans to use the proceeds to repay its $172 million revolving credit facility and for general corporate purposes, including replenishing cash after repaying its receivables financing facility that matured on May 13, 2024. The notes will be guaranteed by certain domestic subsidiaries and are offered under Rule 144A and Regulation S, targeting qualified institutional buyers and non-U.S. persons. The notes are not registered under the Securities Act of 1933.
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