Zebra Technologies Corporation (NASDAQ: ZBRA), a manufacturer of barcode printers and scanners, reported lower sales and net profit for the three months that ended December 2023.
- Zebra’s fourth-quarter net sales decreased sharply by 33% year-over-year to $1.0 billion
- Consolidated organic net sales dropped 33.1% in the fourth quarter
- Net income was $17 million or $0.31 per share, which represents year-over-year decreases of 91% and 91.3%, respectively
- On an adjusted basis, net income decreased 64% annually to $1.71 per share during the three months
- Fourth-quarter 2023 gross profit was $448 million, compared to $685 million in the prior-year period
- At $155 million, adjusted EBITDA was down 54.1% year-over-year in the fourth quarter
- The company expects its cost-reduction plans to drive $120 million annualized net expense savings, up from $100 million
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
