Q1 2025 Zebra Technologies Corp Earnings Call Transcript
Key Points
- Zebra Technologies Corp (ZBRA) reported a 12% year-over-year increase in sales, exceeding $1.3 billion for the quarter.
- The company achieved an adjusted EBITDA margin of 22.3%, marking a 240 basis point increase from the previous year.
- Non-GAAP diluted earnings per share rose by 42% to $4.02, surpassing the high end of their outlook.
- Zebra Technologies Corp (ZBRA) experienced strong broad-based growth across all major product categories and regions.
- The company has made significant progress in diversifying its supply chain beyond China, enhancing its agility and resilience.
- Zebra Technologies Corp (ZBRA) is facing a $70 million gross profit impact from tariffs for the full year, which is $50 million higher than prior guidance.
- The manufacturing vertical continues to lag behind other sectors, showing only high single-digit growth.
- The company is experiencing macroeconomic uncertainty, particularly related to global trade policies and tariffs.
- Despite strong demand, the Services and Software recurring revenue business grew only slightly in the quarter.
- Zebra Technologies Corp (ZBRA) has not raised its full-year sales guidance due to the fluid global trade environment and related uncertainties.
Good day, and welcome to the First Quarter 2025 Zebra Technologies Earnings Conference Call. (Operator Instructions). Please note, this event is being recorded. I would now like to turn the conference over to Mike Steele, Vice President, Investor Relations. Please go ahead.
Good morning, and welcome to Zebra's first quarter earnings conference call. This presentation is being simulcast on our website at investors.zebra.com and will be archived there for at least 1 year.
Our forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties. Actual results could differ materially, and we refer you to the factors discussed in our SEC filings. During this call, we will reference non-GAAP financial measures as we describe our business performance. You can find reconciliations at the end of this slide presentation and in today's earnings press release. Throughout this presentation, unless otherwise indicated, our references to sales
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