![]() This expectation includes an approximately 3 percentage point negative impact from foreign currency translation and an approximately 150 basis point additive impact from acquisitions.Īdjusted EBITDA margin is expected to be approximately 21%, which includes approximately $20 million of premium supply chain expense. The company expects net sales to decline between -4% and -1% compared to the first quarter of 2022. The Company made business acquisitions of $881 million, share repurchases of $751 million under its existing authorization, and had net debt proceeds of $1,037 million. Non-GAAP net income for the fourth quarter of 2022 increased to $246 million, or $4.75 per diluted share, compared to $245 million, or $4.54 per diluted share, for the prior year period.Īdjusted EBITDA for the fourth quarter of 2022 increased to $338 million, or 22.5% of adjusted net sales, compared to $319 million, or 21.7% of adjusted net sales, for the fourth quarter of 2021 due to higher gross profit and lower operating expenses.Īs of December 31, 2022, the company had cash and cash equivalents of $105 million and total debt of $2,032 million.įor the full year 2022, the company generated $488 million of operating cash flow and made capital expenditures of $75 million, resulting in free cash flow of $413 million. ![]() Net income for the fourth quarter of 2022 was $186 million, or $3.57 per diluted share, compared to net income of $191 million, or $3.55 per diluted share, for the fourth quarter of 2021. Adjusted operating expenses decreased in the fourth quarter of 2022 to $364 million from $370 million in the prior year period. Operating expenses decreased in the fourth quarter of 2022 to $425 million from $446 million in the prior year period, primarily due to lower incentive compensation expense, partially offset by costs associated with recently acquired businesses. Adjusted gross margin was 45.6% in the fourth quarter of 2022, compared to 45.7% in the prior year period. Current year gross margin was flat as unfavorable foreign currency changes offset the benefit from lower premium supply chain costs. Gross margin was 45.6% for both the fourth quarter of 20. Fourth-quarter year-over-year organic net sales decreased by (0.2)% in the EVM segment and increased by 13.5% in the AIT segment.įourth-quarter 2022 gross profit was $685 million compared to $669 million in the prior year period. Consolidated organic net sales for the fourth quarter increased 3.9%. Asset Intelligence & Tracking ("AIT") segment net sales were $481 million in the fourth quarter of 2022 compared to $436 million in the prior year period. Net sales in the Enterprise Visibility & Mobility ("EVM") segment were $1,022 million in the fourth quarter of 2022 compared with $1,031 million in the fourth quarter of 2021. Net sales were $1,503 million in the fourth quarter of 2022 compared to $1,467 million in the fourth quarter of 2021. I am confident that Bill Burns, our incoming CEO, will continue to advance our Enterprise Asset Intelligence Vision and elevate Zebra’s role in digitizing & automating our customers’ operations.”ĭownload PDF with consolidated balance sheet, cash flow and income statements Our customer value proposition is resonating and we are well positioned to extend our lead in the industry with our innovative solutions. “Although our order backlog and pipeline of opportunities remain healthy, we are taking a cautious approach to our outlook in this uncertain macro environment. We are recovering from supply chain challenges and achieved sales and earnings performance at the high end of our outlook, driven by double-digit growth in the Americas,” said Anders Gustafsson, Chief Executive Officer of Zebra Technologies. “Our team delivered strong fourth quarter results to close a challenging year. Lincolnshire, Ill., February 16, 2023 - Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced results for the fourth quarter and full year ended December 31, 2022.
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