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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) 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.
Zebra Technologies (NASDAQ: ZBRA), a leader in digital solutions, will host an Innovation Day at its Lincolnshire, Ill headquarters. The event, beginning at 1:00 p.m. Central Time, will feature presentations from Zebra's leadership team, detailing how their solutions digitize and automate workflows to drive positive business outcomes. Key topics include Zebra's culture of innovation, its diverse portfolio of solutions and services, industry leadership, and extensive partner ecosystem. CEO Bill Burns emphasized Zebra's 55-year history of innovation and its commitment to transforming workflows to sustain industry leadership and create shareholder value. A Q&A session will follow the presentations, and parts of the event will be available live or as an archived replay on Zebra’s investor website.
Zebra Technologies released the findings of its latest hospital vision study on the importance of digitizing inventory management solutions in hospitals. The study highlighted that 84% of U.S. and UK hospital leaders prioritize integrating automated and digitized inventory tracking systems, recognizing the impact on patient care. Hospital leaders aim to reduce time spent searching for medical assets, prevent canceled procedures due to supply issues, and ensure real-time availability of critical resources.
Zebra Technologies announced new solutions at Automate 2024 to help manufacturers boost visibility, optimize quality, and enhance the workforce in the connected factory. These solutions include industrial automation tools like the Zebra FS42 scanner, 3S Series 3D sensors, and Zebra Symmetry Fulfillment for operational agility.
Zebra Technologies (NASDAQ: ZBRA) has been named a Leader in the 2024 Nucleus Research Workforce Management Technology Value Matrix for the sixth consecutive year. This recognition showcases Zebra's dedication to enhancing store operations and front-line engagement for a modern store experience. Zebra's AI-powered Workforce Optimization Software Suite offers innovative solutions for scheduling, time and attendance, compliance, and labor optimization, catering to diverse industries such as retail, manufacturing, healthcare, hospitality, and banking.
Zebra Technologies announced its first-quarter 2024 results with a net sales decrease of 16.4% year-over-year. The company reported a net income of $115 million and a net income per diluted share of $2.23. Adjusted EBITDA decreased to $234 million. Zebra Technologies highlighted a sequential improvement in profitability due to cost restructuring actions and improved gross margin.
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