Zebra Technologies reports Q1 adjusted EPS $2.84, consensus $2.45

Reports Q1 revenue $1.175B, consensus $1.15B. “While our first quarter results continued to be impacted by broad-based softness across our end markets, we realized improvement in demand from the fourth quarter of 2023. Our teams executed well, driving significant sequential improvement in profitability, resulting from our cost restructuring actions and improved gross margin.” said Bill Burns, Chief Executive Officer of Zebra Technologies. “Our increased 2024 outlook reflects a better-than-expected start to the year with modest recovery in demand and progress on our cost actions. We continue to be well positioned to extend our lead in the industry with our innovative solutions and remain focused on digitizing & automating our customers’ operations to solve their biggest challenges.”