Zebra Technologies exceeded Q3 expectations, projecting strong growth with improved margins.

From Investing.com: 2024-10-29 06:43:25

Zebra Technologies Corporation (NASDAQ:ZBRA) exceeded expectations in Q3, with adjusted EPS of $3.49 and revenue of $1.26 billion, up 31.3% YoY. Shares surged 5.89% on upbeat guidance for Q4, projecting sales growth of 28-31% and adjusted EPS of $3.80-$4.00. Gross margin rose to 48.8% from 44.7% due to volume leverage and business mix.

The company’s strong performance was supported by demand recovery and restructuring efforts, with adjusted EBITDA margin climbing to 21.4% from 11.6%. Zebra completed actions expected to save $120 million annually and raised its full-year free cash flow outlook to at least $850 million, highlighting its leadership in supply chain automation solutions.



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