Welcome to our dedicated page for Zebra Technologies news (Ticker: ZBRA), a resource for investors and traders seeking the latest updates and insights on Zebra Technologies stock.
Zebra Technologies Corporation provides connected frontline, asset visibility and automation solutions for organizations in retail, manufacturing, transportation, logistics, healthcare and related industries. Its news commonly covers mobile computers, barcode scanning, RFID, printers, machine vision, real-time location solutions, healthcare devices and software used to digitize workflows and support intelligent operations.
Company updates also include partnerships, corporate venture investments, channel program activity, product demonstrations at industry events, customer deployments, earnings releases and investor conference participation. Recent themes include AI-enabled automation for manufacturing and logistics, hands-free clinical workflows, supply chain visibility, wearable computing and machine vision applications.
Zebra Technologies Corporation (NASDAQ: ZBRA) announced the closing of a $3.25 billion senior secured credit facility, aimed at refinancing existing debt and enhancing liquidity. The facility consists of a $1.5 billion revolving credit line and a $1.75 billion term loan, with favorable pricing reduced by 25 basis points. This refinancing allows Zebra to retire a $1 billion revolving credit facility and a $0.9 billion term loan. The new funds will support the pending $875 million acquisition of Matrox Imaging.
Zebra Technologies (NASDAQ: ZBRA) will present at Bernstein’s 38th Annual Strategic Decisions Conference in New York on June 1, 2022, at 11:00 a.m. Eastern Time. This event highlights Zebra's commitment to empowering organizations in the on-demand economy, enhancing visibility and connectivity for frontline workers. Attendees can access the live webcast and replay through the company’s investor relations website. Zebra, a leader in enterprise solutions, serves a vast range of clients, including 94% of the Fortune 100, and has recently expanded its automation and AI capabilities through strategic acquisitions.
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Zebra Technologies Corporation (NASDAQ: ZBRA) announced a new $1 billion share repurchase authorization, enhancing a previously announced buyback of $1 billion in July 2019. The company's CEO, Anders Gustafsson, highlighted a robust financial position with strong free cash flow, allowing capital returns to shareholders while pursuing growth opportunities. Since July 2019, Zebra has returned over $800 million to shareholders through repurchases, demonstrating a strong commitment to value creation. The authorization has no expiration and can be modified by the Board.
Zebra Technologies Corporation (NASDAQ: ZBRA) will present at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference in Boston, Massachusetts, on May 23, 2022, at 9:20 a.m. Eastern Time. Investors can listen to the live webcast on the company's website, where it will also be archived for replay.
Zebra empowers organizations with innovations that enhance visibility and connectivity, serving 94% of Fortune 100 companies. The company recently expanded its industrial automation capabilities through key acquisitions.
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Zebra Technologies Corporation (NASDAQ: ZBRA) has launched the TC53/TC58 mobile computing series, designed to enhance operational efficiency and reduce costs across industries such as retail and field services. The series incorporates 5G and Wi-Fi 6E technologies, featuring an advanced six-inch display and the industry-first Zebra Dimensioning™ solution for accurate parcel measurements. Additionally, it includes tap-to-pay functionality, transforming mobile devices into versatile workstations. The TC53/TC58 aims to provide faster access to information and improved customer service, reflecting Zebra's commitment to meeting dynamic market demands.
Zebra Technologies Corporation (NASDAQ: ZBRA) reported first-quarter 2022 net sales of $1,432 million, a year-over-year growth of 6.3%. However, net income declined by 10.1% to $205 million, with diluted EPS down 9.2% to $3.83. Adjusted EBITDA fell 16.4% to $285 million, reflecting increased supply chain costs. Despite these challenges, Zebra maintains its full-year sales outlook due to a strong order backlog but has lowered its adjusted EBITDA margin guidance to 22% to 23% due to rising costs. The company anticipates solid revenue growth in the upcoming quarters.
Zebra Technologies Corporation has been recognized as a Leader in the 2022 Workforce Management (WFM) Technology Value Matrix for the fourth consecutive year, according to Nucleus Research. This acknowledgment highlights Zebra's acquisition of Reflexis Systems in September 2020, which enhanced its workforce management solutions. The Reflexis WFM platform has been praised for its functionality and usability, enabling businesses to optimize labor expenditures across various industries including retail, hospitality, and banking.