Zebra Applied sciences Board Approves Further $1 Billion Share Repurchase Authorization

LINCOLNSHIRE, Ailing.–(BUSINESS WIRE)–Zebra Applied sciences Company (NASDAQ: ZBRA), an innovator on the fringe of the enterprise with options and companions that allow companies to realize a efficiency edge, immediately introduced the corporate’s Board of Administrators has licensed the repurchase of $1 billion shares of Zebra Applied sciences Company Frequent Inventory. This authorization augments the earlier $1 billion buy authorization which was introduced on July 30, 2019.

“Zebra’s prospects to drive sustainable, worthwhile progress as we digitize and automate our prospects’ operations have by no means been brighter. Our robust stability sheet and free money movement profile present us the pliability to return capital to shareholders whereas persevering with to pursue natural and inorganic funding alternatives that advance our Enterprise Asset Intelligence imaginative and prescient. We have now returned greater than $800 million of capital to our shareholders through share repurchases since July 2019,” acknowledged Anders Gustafsson, Zebra’s Chief Govt Officer. “This motion underscores our Board’s confidence in Zebra’s potential to drive worth creation and provides us a complete of practically $1.2 billion of authorization, offering us ample flexibility to prioritize capital allocation.”

Repurchases could also be made by way of a wide range of strategies, which can embrace open market purchases executed on the discretion of administration and 10b5-1 plans. The repurchase authorization doesn’t have an expiration date and could also be amended, suspended, or discontinued by the corporate’s Board of Administrators at any time.

SAFE HARBOR STATEMENT

This press launch comprises forward-looking statements, as outlined by the Non-public Securities Litigation Reform Act of 1995, together with, with out limitation, the statements relating to the corporate’s outlook. Precise outcomes could differ from these expressed or implied within the firm’s forward-looking statements. These statements signify estimates solely as of the date they have been made. Zebra undertakes no obligation, aside from as could also be required by legislation, to publicly replace or revise any forward-looking statements, whether or not because of new info, future occasions, modified circumstances or some other cause after the date of this launch.

These forward-looking statements are primarily based on present expectations, forecasts and assumptions and are topic to the dangers and uncertainties inherent in Zebra’s business, market situations, normal home and worldwide financial situations, and different components. These components embrace buyer acceptance of Zebra’s choices and rivals’ choices and the potential results of rising applied sciences and adjustments in buyer necessities. The impact of world market situations, and the supply of credit score and capital markets volatility could have hostile results on Zebra, its suppliers and its prospects. As well as, pure disasters, man-made disasters, public well being points (together with pandemics), and cybersecurity incidents could have detrimental results on our enterprise and outcomes of operations. Our potential to buy ample supplies, elements, and parts in addition to our potential to supply companies and software program to satisfy buyer demand might negatively affect our outcomes of operations and buyer relationships. Income and profitability could also be affected by Zebra’s potential to regulate manufacturing and working prices. Due to its debt, rates of interest and monetary market situations may have an effect on outcomes. International trade charges, customs duties and commerce insurance policies could affect monetary outcomes due to the massive proportion of our worldwide gross sales. The impacts of adjustments in overseas and home governmental insurance policies, laws, or legal guidelines, in addition to the result of litigation or tax issues by which Zebra could also be concerned are different components. The success of integrating acquisitions might additionally have an effect on profitability, reported outcomes and the corporate’s aggressive place in its business. These and different components might have an hostile impact on Zebra’s gross sales, gross revenue margins and outcomes of operations and enhance the volatility of our monetary outcomes. When used on this launch and paperwork referenced, the phrases “anticipate,” “imagine,” “outlook,” and “count on” and comparable expressions, as they relate to the corporate or its administration, are supposed to establish such forward-looking statements, however should not the unique technique of figuring out these statements. Descriptions of the dangers, uncertainties and different components that would have an effect on the corporate’s future operations and outcomes could be present in Zebra’s filings with the Securities and Alternate Fee, together with the corporate’s most up-to-date Type 10-Okay and Type 10-Q.

ABOUT ZEBRA TECHNOLOGIES

Zebra (NASDAQ: ZBRA) empowers organizations to thrive within the on-demand financial system by making each front-line employee and asset on the edge seen, related and totally optimized. With an ecosystem of greater than 10,000 companions throughout greater than 100 nations, Zebra serves prospects of all sizes – together with 94% of the Fortune 100 – with an award-winning portfolio of {hardware}, software program, companies and options that digitize and automate workflows. Provide chains are extra dynamic, prospects and sufferers are higher served, and staff are extra engaged once they make the most of Zebra improvements that assist them sense, analyze and act in actual time. Zebra not too long ago expanded its industrial automation portfolio with its Fetch Robotics acquisition and elevated its machine imaginative and prescient and AI software program capabilities with the acquisitions of Adaptive Imaginative and prescient and antuit.ai. Zebra is #25 on Newsweek’s inaugural listing of America’s 100 Most Liked Workplaces and #79 on Forbes’ listing of America’s 500 Greatest Midsize Employers. Study extra at www.zebra.com or join information alerts. Observe Zebra’s Your Edge weblog, LinkedIn, Twitter and Fb, and take a look at our Story Hub: Zebra Views.

ZEBRA and the stylized Zebra head are emblems of Zebra Applied sciences Company, registered in lots of jurisdictions worldwide. All different emblems are the property of their respective house owners. ©2022 Zebra Applied sciences Company and/or its associates. All rights reserved.



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