The earnings call highlighted significant revenue and earnings growth, improved profitability, and strong cash flow, alongside successful restructuring and broad-based growth across regions. However, there are concerns about limited visibility for large deployments in 2025, challenges in the manufacturing sector, and a decline in the machine vision business.

Company Guidance

During the Q3 2024 earnings call for Zebra Technologies, the executives provided guidance that highlighted several key financial metrics. The company achieved sales of nearly $1.3 billion, representing a 31% year-over-year increase, with an adjusted EBITDA margin of 21.4%, showing a significant 980 basis point growth. Non-GAAP diluted earnings per share soared to $3.49, four times higher than the previous year, driven by strong sales performance across all primary end markets and improved gross margins due to volume leverage and business mix. Looking ahead, Zebra adjusted its full-year outlook, expecting sales growth of approximately 8%, with an adjusted EBITDA margin around 21% and non-GAAP diluted earnings per share projected between $13.30 and $13.50. The call also noted that free cash flow for the year is now expected to be at least $850 million, reflecting Zebra's focus on profitable growth and operational efficiencies.

Significant Revenue Growth

Realized sales of almost $1.3 billion, a 31% increase compared to the prior year.

Improved Profitability

Adjusted EBITDA margin of 21.4%, a 980 basis point increase from the prior year.

Earnings Per Share Growth

Non-GAAP diluted earnings per share of $3.49, which was 4x the prior year.

Strong Cash Flow

Generated more than $650 million of free cash flow in the first 9 months of 2024.

Broad-Based Growth

Double-digit growth across all primary end markets and regions, with notable strengths in EMEA and Latin America.

Raised Full Year Outlook

Raising full year outlook for sales, profitability, and free cash flow.

Successful Restructuring

Completed restructuring actions to deliver $120 million of net annualized operating savings.

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Zebra Tech (ZBRA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ZBRA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2018	2018 (Q2)	- / 2.48	1.51	64.24% (+0.97)	―	―
Nov 06, 2018	2018 (Q3)	- / 2.88	1.87	54.01% (+1.01)	―	―
Feb 14, 2019	2018 (Q4)	- / 3.10	2.33	33.05% (+0.77)	―	―
Apr 30, 2019	2019 (Q1)	- / 2.92	2.56	14.06% (+0.36)	―	―
Jul 30, 2019	2019 (Q2)	- / 3.02	2.48	21.77% (+0.54)	―	―
Oct 29, 2019	2019 (Q3)	- / 3.43	2.88	19.10% (+0.55)	―	―
Feb 13, 2020	2019 (Q4)	- / 3.56	3.1	14.84% (+0.46)	―	―
Apr 28, 2020	2020 (Q1)	- / 2.67	2.92	-8.56% (-0.25)	―	―
Jul 28, 2020	2020 (Q2)	- / 2.41	3.02	-20.20% (-0.61)	―	―
Nov 03, 2020	2020 (Q3)	- / 3.27	3.43	-4.66% (-0.16)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ZBRA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	$363.58	$384.68	+5.80%
Jul 30, 2024	$335.09	$348.12	+3.89%
Apr 30, 2024	$300.01	$314.56	+4.85%
Feb 15, 2024	$252.96	$283.75	+12.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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