Strong Q1 Performance
Zebra Technologies reported sales exceeding $1.3 billion, a 12% increase compared to the prior year, with an adjusted EBITDA margin of 22.3%, a 240 basis point increase.
Record Non-GAAP Earnings
Non-GAAP diluted earnings per share were $4.02, which was 42% higher than the prior year.
Broad-Based Growth Across Regions
EMEA sales grew 18%, Asia Pacific sales increased 13%, and Latin America sales grew 18% with strength in Mexico.
Successful Strategic Acquisition
Zebra acquired FotoNeuf, a leading 3D machine vision company, for $62 million, expected to contribute approximately 30 basis points to overall sales growth in 2025.
Strong Free Cash Flow
Zebra generated $158 million of free cash flow in Q1, with expectations of at least $700 million for the year.