Zebra Technologies Corporation held its Annual Meeting of Stockholders on May 8, 2025, where key corporate governance proposals were overwhelmingly approved. Notably, three directors—Nelda Connors, Frank Modruson, and Michael Smith—were elected to the Board with substantial votes in favor, reflecting strong shareholder confidence in the leadership steering Zebra Technologies toward strategic growth.
Additionally, stockholders approved the compensation packages for Named Executive Officers, affirming the company’s alignment of executive incentives with long-term shareholder value. The Audit Committee’s ratification of Ernst & Young LLP as independent auditors for the fiscal year ending December 31, 2025, underlines the company’s commitment to maintaining rigorous financial oversight and transparency. (Source: SEC 8-K Filing, May 8, 2025)
In the context of recent financial performance, Zebra Technologies demonstrated robust operational recovery through fiscal year 2024. Total company sales surged by over 30% in the third quarter of 2024 compared to the prior year, driven by significant growth in Asset Intelligence & Tracking and Enterprise Visibility & Mobility segments. Regional sales showed compelling expansion, with North America growing 22%, EMEA soaring 47%, Asia Pacific increasing 24%, and Latin America up 42%, signaling broad-based market strength (ZBRA Q3 2024 Earnings Call).
Profitability metrics improved markedly, with an operating margin of 15.34% and a net profit margin of 10.6% for the fiscal year ending December 2024. Adjusted EBITDA margin for Q3 2024 rose sharply to 21.4%, a 980 basis point increase year-over-year, underpinned by volume leverage and enhanced business mix. Non-GAAP diluted earnings per share quadrupled year-over-year to \(3.49, reflecting operational efficiency gains and effective cost management initiatives including a consolidation of North American distribution centers, yielding \)120 million in net annualized operating savings.
Zebra’s total debt to capitalization ratio stood at 38.1% in FY 2024, aligning with prudent financial leverage practices that support sustainable growth and flexibility. We note the company’s strong free cash flow generation, exceeding $650 million in the first nine months of 2024, and a healthy net debt to adjusted EBITDA ratio of 1.6x, indicating robust liquidity and capacity to invest in growth and shareholder returns.
The strategic emphasis on enterprise asset intelligence solutions, mobile computing resurgence, and recovery in printing and data capture markets remain the company’s core drivers. Despite persistence of cautious broader economic conditions impacting the manufacturing sector, Zebra’s diversified product portfolio and effective cost containment position it favorably for continued profitability and market share expansion.
Looking ahead, Zebra raised its full-year outlook for sales growth, profitability, and free cash flow grounded in strong backlog and demand momentum, particularly in North America and EMEA. The company remains agile in managing economic uncertainties, tariffs, and supply chain complexities while capitalizing on evolving automation and tracking technology trends.
In summary, Zebra Technologies’ 2025 annual meeting outcomes reaffirm investor trust in its governance and strategic path. Its robust financial performance and operational resilience through 2024 set a strong foundation for sustained growth and value creation in an increasingly intelligent enterprise landscape.
Source document: https://sec.gov/Archives/edgar/data/877212/000087721225000120/zbra-20250508.htm
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