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.” 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.-(BUSINESS WIRE)- 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. Non-GAAP diluted EPS increased 4.6% year-over-year to $4.75Īdjusted EBITDA increased 6.0% year-over-year to $338 million Net income of $186 million and net income per diluted share of $3.57, year-over-year decrease of 2.6% and increase of 0.6%, respectively Net sales of $1,503 million year-over-year increase of 2.5%
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