Zebra Technologies Corporation - ZBRA STOCK NEWS

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.

Zebra Technologies (NASDAQ: ZBRA) has announced a $500 million private offering of senior unsecured notes due 2032. The proceeds will be used to repay $172 million in outstanding debt under its revolving credit facility as of March 30, 2024, and for general corporate purposes, including replenishing cash after paying off its receivables financing facility maturing on May 13, 2024. The notes will be senior unsecured obligations guaranteed by certain domestic subsidiaries but will not be registered under the Securities Act of 1933 or sold in the U.S. without proper registration or exemption. This offering targets qualified institutional buyers and non-U.S. persons.

Zebra Technologies (NASDAQ: ZBRA) announced the election of Ken Miller to its Board of Directors, effective May 9, 2024. Miller, currently EVP and CFO at Juniper Networks, will join Zebra's Audit Committee. With over 25 years in the tech industry and extensive experience in strategic planning and business transformation, Miller is expected to bring valuable insights to Zebra. His achievements at Juniper include driving sustainable growth, overseeing acquisitions, and enhancing AI advancements. Miller replaces Richard Keyser, who is leaving the Board after 15 years of service.